DP World, UK resolve US$1.3bil London Gateway port plan row

Quick Summary:

LONDON: DP World Ltd reversed its decision to pull out of a UK government investment summit last Monday and is announcing a £1bil (US$1.3bil) investment in its London Gateway port that will create 400 jobs.

The expansion at London Gateway would put the facility on track to dethrone Felixstowe as the United Kingdom’s busiest container facility by 2030.

The investment, which DP World had placed under review, was formally announced last Saturday in the statement.

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Category: EconomyBusiness

Markets: MalaysiaChinaSingaporeUnited Kingdom

Topics: Corporate News London Gateway port DP World /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-14 @ 00:00:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 574 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © The Star

News ID: 23026306

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