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Feb 14 2012

Sultan Bin Sulayem visits DP World Callao holds talks with Peruvian PM

HE Sultan Ahmed Bin Sulayem, Chairman, DP World, DP World Chief Executive Officer Mohammed Sharaf, and Matthew Leech, Senior Vice President & Managing Director, Americas with the staff at DP World Callao.
HE Sultan Ahmed Bin Sulayem, Chairman, DP World, DP World Chief Executive Officer Mohammed Sharaf, and Matthew Leech, Senior Vice President & Managing Director, Americas with the staff at DP World Callao.

Lima, Peru / Dubai, United Arab Emirates, February 14, 2012:- HE Sultan Ahmed Bin Sulayem, Chairman, DP World has toured DP World Callao, the largest and most efficient container terminal on South America's Pacific Coast, and met with Oscar Valdez, Prime Minister of Peru, to discuss how the company can continue to contribute to Peru's growth.

Mr. Bin Sulayem was accompanied by a high-level delegation that included Ambassador Mohammed Eissa Al Zaabi, DP World Chief Executive Officer Mohammed Sharaf, Senior Vice President, Government Relations, Suhail Albanna, and Senior Vice President and Managing Director, Americas, Matthew Leech.

DP World Callao, inaugurated in 2010 by Peruvian President Alan Garcia Perez, is the busiest terminal in the port of Callao, about 15 km from the capital Lima.

DP World Callao has an annual average operating capacity in excess of 850,000 TEU (twenty foot equivalent container units). It is located in the south zone of the port of Callao, covering an area of 245,000 square metres. Its two berths, each 350 metres with a 16 metre draft, are capable of handling two post-Panamax vessels of around 8,000 TEU at the same time.

Peru is one of the fastest growing emerging markets with the World Bank projecting a 5.1 per cent growth in GDP this year, the second highest in Latin America.

Additionally, the latest report of Business Monitor International (BMI), says that future looks bright for Peruvian ports as they position themselves as gateway to Asia. BMI sees private consumption being the main driver of growth as incomes rise and consumer credit becomes more widespread, boosting import volumes at ports. It expects growth of 8.6% in total tonnage throughput at the port of Callao, to 20.2mn tonnes.

HE Sultan Ahmed Bin Sulayem, Chairman, DP World, said:

" DP World Callao is one of our strategic investments focusing on emerging markets. It has already contributed solidly to the local economy posting strong performances since it opened for business in 2010. DP World is proud to be a contributor to Peru's economic development and is committed to strengthen DP World Callao's position as a premier terminal serving Peru and the wider region.

"While uncertainty remains about the global economy, we are confident of the bright future of Peru under the guidance of its wise leadership. DP World is pleased to be an active participant in the country's development and growth through its long term commitment and investment in the port."

In June 2006, DP World was awarded a 30-year concession to build and operate the new terminal.

-Ends-

About DP World
DP World operates more than 60 terminals across six continents(1), with container handling generating around 80% of its revenue. In addition, the company currently has 11 new developments and major expansions underway in 10 countries.

DP World aims to enhance customers' supply chain efficiency by effectively managing container, bulk and other terminal cargo. Its dedicated, experienced and professional team of nearly 30,000 people serves customers in some of the most dynamic economies in the world.

The company constantly invests in terminal infrastructure, facilities and people, working closely with customers and business partners to provide quality services today and tomorrow, when and where customers need them.

In taking this customer-centric approach, DP World is building on the established relationships and superior level of service demonstrated at its flagship Jebel Ali facility in Dubai, which has been voted "Best Seaport in the Middle East" for 17 consecutive years.

In 2011, DP World handled nearly 55 million TEU (twenty-foot equivalent container units) across its portfolio from the Americas to Asia. With a pipeline of expansion and development projects in key growth markets, including India, China and the Middle East, capacity is expected to rise to around 100 million TEU by 2020, in line with market demand.

www.dpworld.com

(1) As of January 2012. Includes non-container terminals

Media inquiries:
Natasha Bukhari
Global Corporate Communications Manager
DP World
Tel: +97156 6821699
Natasha.Bukhari@dpworld.com

Hasaad Communications:
Sanaa Maadad
Director, Media
Hasaad Communications
Tel: +97150 5522610
sana@hasaad.ae

© Press Release 2012

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