DP World plans to expand its operations at the Caucedo MultiModal Port in eastern Santo Domingo, expanding its logistics park as well as quayside facilities with a 400-metre berth. This is expected to better ensure Caucedo’s future as a regional trade hub. In July of this year, Ikea became the first multinational to set up a logistic hub at the Caucedo Logistics Center at the Caucedo Multimodal Port. Ikea opened the hub based on the strategic geographic location and the expedited customs procedures in the country.
DP World Caucedo, is a leading port in the area for international trade. Trade between Dubai and the Dominican Republic during the first half of 2017 was worth almost US$13 million, as reported.
As reported in Port Technology online portal, DP World’s Group Chairman and CEO, Sultan Ahmed Bin Sulayem, also met with President Danilo Medina recently to discuss plans to attract more foreign investment to the country during a recent visit to the Dominican Republic.
He said: “President Danilo Medina is working hard for his people and country, and the stable economy and political environment here will go a long way to attract more foreign investors.
“The Dominican Republic has tremendous potential as a logistics hub and we’re pleased to be working in partnership with the local government to maximize on these opportunities.”
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Port Technology
Diario Libre
17 October 2017
