International Diplomat Magazine

DP World Group chairman meets Argentine President

DP World Group chairman meets Argentine President
DP World Group chairman meets Argentine President

(Dubai) – DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem has met Argentine President, Mauricio Macri in Buenos Aires to discuss cooperation in the ports and cruise terminals sector.
The meeting was attended by the Argentine transport cabinet including Minister of Transport, Guillermo Dietrich; President of the Port Authority, Gonzalo Mortola; Under Secretary of Waterways, Jorge Metz; Advisor for Foreign Investments, Horacio Reyser and the Under Secretary of Foreign Investments, Marcelo Lucco.
A high-profile delegation from DP World included Jamal bin Thaniah, Vice Chairman; Matt Leech, Senior Vice President and Managing Director, DP World Americas Region and Gustavo Figuerola, General Manager, DP World Buenos Aires.
President Macri looked forward to building the partnership with DP World and a greater role for the global trade enabler to serve the Argentine economy through its investments in ports and maritime services. He noted the Group’s plans for future growth following the emergence of South American economies from a period of recession.
Mr Bin Sulayem thanked the government of Argentina for its ongoing support and underlined DP World’s commitment to the growth of the economy. This follows the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to reinforce the UAE’s pioneering role in the advancement of the ports and cruise terminals industry around the world and to enhance global trade.
DP World’s plans to increase its container and cruise business in the Port of Buenos Aires featured in the discussions. DP World Buenos Aires has invested $250 million in the last 20 years and currently operates the Terminales Rio de la Plata (TRP) container terminal with throughput of 600,000 TEUs per year, 37% of the market. The company’s Buenos Aires terminals also provide cruise capacity of more than 300,000 passengers a year.
(Courtesy WAM)