Sultan Ahmed bin Sulayem also plays down impact of regional tensions on business
Dubai-based ports operator DP World sees growth opportunities in Africa and India, according to CEO Sultan Ahmed bin Sulayem.
“I’m very bullish about Africa,” Sulayem said in a Bloomberg TV interview at the World Economic Forum in Davos.
“Look at Egypt, for example. With good policies, with sound policies. There is growth. That mirrors our expansion.”
The ports operator doubled its capacity at Egypt’s Sokhna port and opened a dry port that will allow Rwanda to become a hub for cargo, he said.
When asked about recent tensions in the Middle East, he said: “It’s not something permanent. It’s something that happens, and everybody gets excited, but people move on.”