DP World to invest £300 million on London Gateway logistics

Over the last decade DP World has made investments in billion and the current investment of £300 million will build on the £2 billion investment this depicts the next step by the leading global provider of smart logistics in delivering integrated supply chain solutions for customers.

The Group Chairman and Chief Executive Officer of DP World, Sultan Ahmed Bin Sulayem, said:

“I am delighted to announce that we will go ahead with our latest major investment in the UK, which will give London Gateway more capacity to handle the world’s largest vessels than any other port in the country,

““As a central pillar of Thames Freeport, London Gateway’s new fourth berth will allow even more customers to benefit from world class ports and logistics, with unrivalled global connectivity.”

Over the first six months of 2021 London Gateway saw record output of 888,000 TEU, a staggering 23 per cent increase from the previous best performance for the first half of a year. The current fourth berth will raise capacity by a third and completion will coincide with the delivery of a new wave of 24,000 TEU vessels in 2023/2024, which will all be operated between Asia and Europe.

After being awarded freeport status by the Government DP World London Gateway will form Thames Freeport along with the Port of Tilbury and Ford’s Dagenham plant. with the partners currently progressing the business case with a view to receiving formal accreditation. DP World Southampton has also been awarded freeport status as part of Solent Freeport, further cementing the critical role of both logistics hubs in the UK’s international trade.