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28 March 2024

DP World expands into Suriname

Published
By AP

Dubai's port firm says it has bought controlling stakes in two seaport companies in Suriname, extending its presence in South America.

DP World said on Wednesday it acquired an interest in Integra Port Services, which controls rights for a cargo terminal in the capital Paramaribo's Nieuwe Haven Port. The Dubai government-controlled company also bought a stake in Suriname Port Services, which runs a private inland cargo facility upstream from the port.

Financial details were not disclosed. DP World expects the deal to close in the third quarter of this year.

DP World is the world's third-largest port operator. It already has South America operations in Peru and Argentina, and is developing a site in Brazil.