25 Apr 2010
(MENAFN) DP World said that its total investments in developing Peru’s largest port, Callao, would reach $735.3 million when the project gets completed in 2012, Al Bayan reported.
The firm’s Chief Executive, Mohammed Sharaf, said that the first phase of Callao’s southern container terminal will be completed in May 2010, while the third and last phase is expected to be completed in 2012.
He said that DP World had made a $1.3 billion offer for the development of a container terminal in Callao’s northern section. Sharaf added that the Peruvian government is currently examining all offers for the project.
It is worth mentioning that DP World is one of the largest port operators in the world and is 77 percent owned by debt-choked conglomerate Dubai World.
Last month, the Dubai government unveiled a $9.5 billion restructuring proposal for Dubai World that would give creditors their money back in 5 to 8 years and repay two key bonds.
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more