Economy
DP World Expands Canadian Footprint With New Terminal Acquisition

Dubai’s DP World has expanded its foothold in North America with the acquisition of Canadian marine terminal Fraser Surrey Docks from Macquarie Infrastructure Partners (MIP).
The acquisition, which was done alongside DP World’s partner Caisse de dépôt et placement du Québec (CDPQ), adds to the company’s significant investment portfolio in Canada with it already operating terminals in Vancouver, Nanaimo, Prince Rupert and St. John’s.
“The acquisition of Fraser Surrey Docks bolsters our footprint in the West Coast of Canada. DP World has been seeing growing demand from our customers for multi-purpose facilities in the region and we believe Fraser Surrey Docks has the relevant infrastructure and is in the right location to service this demand,” said Sultan Ahmed bin Sulayem, group chairman and CEO of DP World.
In May last year, the newly delisted DP World has announced its plans to acquire the terminal, which is one of the largest modern and multi-purpose terminals on the West Coast of North America, operating more than 1,200 metres of berth, 189 acres of yard and moves approximately 1 million tonnes of agricultural products every year.
-
OER Magazines2 months ago
OER, April 25
-
Alamaliktistaad Magazines2 months ago
Al-Iktisaad, April 25
-
Renewables1 month ago
Jindal Renewables and OQ Alternative Energy Sign Joint Development Agreement to Advance Integrated Renewable Power Projects in Oman
-
Business2 months ago
St. Petersburg International Economic Forum 2025 unveils its Business Programme
-
Leaders Speak1 month ago
OERLive SPOTLIGHT: Oman Sustainability Week 2025 and Oman Petroleum & Energy Show
-
Alamaliktistaad Magazines4 weeks ago
Al-Iktisaad, May 25
-
Banking & Finance2 months ago
How is National Bank of Oman Working Towards Creating a Robust Fintech Ecosystem?
-
Banking & Finance2 months ago
How Bank Muscat is Pioneering Digital Solutions to Empower Customers