Site icon UBN

A company from the UAE is investing €130M in logistics infrastructure in Romania, which is crucial for Ukraine.

A company from the UAE is investing €130M in logistics infrastructure in Romania, which is crucial for Ukraine.

Opening Ukraine's seaports has helped iron ore company Ferrexpo increase its net profit by 100%.

Dubai-based port operator and logistics company DP World is investing €130M to connect Romania to the rest of Europe through sea and land trade routes and increasing cargo volumes by two million tons annually. The company, which has been operating in Romania for 20 years, will invest in a terminal of around five hectares in Constanta for heavy and oversized cargo and a new car terminal with a capacity of 80,000 cars per year.

DP World will invest €50M and launch a new multimodal transport platform in the Port of Constanta next year, the largest alternative sea route for Ukrainian exports. Handling Ukrainian cargo flow has contributed to the record performance of the Romanian port over the past two years. The Ukrainian share is particularly noticeable in the figures for 2023, when the port set an all-time record for cargo transshipment.

 

Exit mobile version