DP World Achieves Prestigious Certification For Procurement Excellence

First marine terminal operator to earn CIPS accreditation

Dubai, United Arab Emirates, December 9, 2010:- Global port operator DP World has been recognised for its professional and ethical business purchasing (procurement) practices, achieving the prestigious Chartered Institute of Purchasing & Supply (CIPS) Organisation Certification for Procurement Excellence.

The award was presented to DP World Head Office Group Procurement team earlier this week at a ceremony in Jebel Ali Port, in the presence of Mohammed Sharaf, CEO DP World and other senior officials from the company, as well as a number of senior executives from CIPS including David Noble, CEO, Chris Gallagher, Director of Strategic Development, Susan Keighley, International Networks Manager, and Rebecca Fox, General Manager CIPS (UAE)

The CIPS Organisation Certification is the most recognised international standard for an organisation's procurement and supply chain policies, procedures and strategies. To date, only 90 companies worldwide have attained accreditation, with quality-controlled CIPS annual audits.  DP World is the first maritime terminal operator to achieve accreditation.

The certification followed intensive audits by an independent CIPS Audit team from London.

In their report, the CIPS Audit team described DP World's Head Office procurement policies and procedures as "highly compliant," enabling the establishment of a robust ethical framework for the organisation's business purchasing and complementing DP World's many ISO certifications. .

Iqbal Khoory, Senior Vice President - Procurement, DP World, said:

"Efficiencies in procurement and cost management contribute directly to the balance sheet of our company. At DP World Head Office we have gone the extra mile to ensure that our procurement policies and practices are governed by an absolutely ethical framework, underpinning and safeguarding the interests of the company and its stakeholders. The CIPS certification testifies to our capability to deliver great value."

David Noble, CEO CIPS, said:"We are pleased to present this certification to DP World. The global marine terminal operator has demonstrated that it has sound procurement policies, processes and procedures in place. This not only increases work efficiency, but also further enhances DP World's credibility with its suppliers and stakeholders."

The CIPS is the leading international body representing purchasing and supply management professionals.  It is the worldwide centre of excellence on purchasing and supply management issues.  CIPS has over 65,000 members in 150 different countries, including senior business people, high-ranking civil servants and leading academics.  The activities of purchasing and supply chain professionals have a major impact on the profitability and efficiency of all types of organisation and CIPS offers corporate solutions packages to improve business profitability.  www.cips.org

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About DP World
DP World is one of the largest marine terminal operators in the world, with 50 terminals and 11 new developments and major expansions across 31 countries(¹⁾.  Its dedicated, experienced and professional team of nearly 30,000 people serves customers in some of the most dynamic economies in the world. 

DP World aims to enhance customers' supply chain efficiency by effectively managing container, bulk and other terminal cargo. 

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 16 consecutive years.

In 2009, DP World handled more than 43.4 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 92 million TEU by 2020, in line with market demand.

www.dpworld.com

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

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

Trudy Salandiak
Public Relations, CIPS
Tel: +44 (0)1780 756777

© Press Release 2010