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Mon 20 Jan 2020 03:35 PM

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CEO of Dubai's DP World sees growth in Africa, India

Sultan Ahmed bin Sulayem also plays down impact of regional tensions on business

CEO of Dubai's DP World sees growth in Africa, India

DP World CEO Sultan Ahmed bin Sulayem.

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.”

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