The Hindu Business Line : Dubai Ports Authority, DPI Terminals merge

THE Dubai Ports Authority (DPA) and DPI Terminals have announced that they have merged to create a single new global port operator called DP World. In addition, a new regulator - the Dubai Ports and Jebel Ali Free Zone Authority - has been created to oversee the regulation and administration of Dubai's port operations.

A statement issued here said that the merger of DPA and DPI creates one of the largest port operators in the world.

The combined company manages ports in West Asia, Asia, Europe, Australia, and South America.

Mr Mohammed Sharaf, the former Managing Director of DPI Terminals, has been appointed CEO of the newly merged entity.

DP World's growing regional and global operations and its increasing challenges necessitated the creation of a new unified structure and brand to support its growth strategy, the release said.

The Jebel Ali Free Zone Authority (JAFZA) and its international arm, JAFZA International, have also combined into a single entity.

In order for DP World to become a single successful commercial entity, a decision has been taken to separate the commercial functions from the regulatory and administrative functions formerly undertaken by DPA.

Another important change is the integration of JAFZA and JAFZA International to become JAFZA and Business Parks.

The integration of these entities will enable better use of synergies between the national and international businesses.

Commenting on the restructuring, Sultan Ahmed Bin Sulayem, Chairman of Board of Ports and Free Zones, said that the tremendous success and growth of port business in recent years had led to make significant changes to the organisation of the whole Dubai Ports group.

DP World combines the strengths of both DPA and DPI legacy organisations to create a very powerful global player in the ports operator industry.

In addition, the creation of a new regulator and a new combined free zone operator puts in place a more effective and focused overall organisation, he said.

Mr Sharaf said that the restructuring would make a great deal of sense for DPA and DPI Terminals, stakeholders, and customers.

DP World would continue with business as usual and would remain committed to driving revenue and growth while providing the best customer service possible.

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