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DP World to invest USD 2.6 billion in logistics

Terminal company DP World has proposed an acquisition of logistics company Economic Zones World, a move that will cost the Dubai-based company USD 2.6 billion.

Photo: DP World

Dubai-based DP World will enter an agreement to acquire EZW - Economic Zones World - at a price of USD 2.6 billion, says the company in a press release.

DP World, a big competitor to APM Terminals and Philippine ICTSI, among others, is performing the acquisition in an effort to strengthen its position in the Middle East and to turn the two combined companies into "the leading integrated port and free zone in the Middle East region." The acquisition is also aimed at improving DP World's revenue and profit.

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