Latest news with #AhmedBinSulayem
Gulf Today
13-07-2025
- Business
- Gulf Today
DP World to develop Syria's Tartus Port under landmark 30-year deal
DP World has signed a 30-year concession agreement with Syria's General Authority for Land and Sea Ports to develop and operate the Port of Tartus. As part of the agreement, DP World will invest $800 million over the duration of the concession to upgrade the port's infrastructure and position it as a critical regional trade hub connecting Southern Europe, the Middle East and North Africa. The agreement was signed in Damascus in the presence of Ahmed Al-Sharaa, President of the Syrian Arab Republic, by Sultan Ahmed Bin Sulayem, Chairman and Group CEO of DP World, and Qutaiba Ahmed Badawi, Chairman of General Authority for Land and Sea Ports. Following over a decade of conflict and long-standing underinvestment in trade infrastructure, the redevelopment of Tartus marks an important step in Syria's economic reintegration. Structured as a Build-Operate-Transfer (BOT) model and fully owned by DP World, the project will include new infrastructure, advanced cargo-handling equipment, and digital systems to improve efficiency across the port's container and general cargo terminals. Sultan Ahmed Bin Sulayem, Chairman and Group CEO of DP World, said, 'This agreement reflects our long-term commitment to enabling global trade and creating resilient supply chains. We see strong potential in Tartus to serve as a vital trade gateway and look forward to strengthening regional connectivity and economic opportunity through this investment. We believe in the power of trade to help drive long-term stability and prosperity for Syria and the region.' Qutaiba Ahmed Badawi, Chairman of Syria's General Authority for Land and Sea Ports, said, "This agreement marks an important step forward for the Port of Tartus and Syria's maritime sector. Partnering with DP World will allow us to modernise and strengthen the efficiency of our trade infrastructure as we continue to rebuild key trade lanes, support the national economy and provide more opportunities for the Syrian people. The agreement reflects our shared vision to transform Tartus into a strategic gateway linking Syria with regional and international markets, and it will pave the way for sustainable growth for years to come." Located on Syria's Mediterranean coast, Tartus is the country's second-largest port and a key maritime gateway to trade routes across Europe, the Levant and North Africa. Its strategic position enhances regional connectivity, complementing existing routes through the Bosporus and Suez. The redevelopment will enable Tartus to handle general cargo, containers, breakbulk, and roll-on/roll-off traffic, expanding Syria's trade potential as the country continues to rebuild. DP World will also explore opportunities to develop free zones, inland logistics hubs, and transit corridors in partnership with local stakeholders, supporting broader economic diversification and trade facilitation efforts. With a presence in over 75 countries and 9.2% of global container traffic flowing through its ports and terminals, DP World brings over four decades of experience in developing logistics infrastructure around the world. The Tartus project adds to its growing portfolio and complements existing operations in the Middle East. WAM
Arabian Business
18-06-2025
- Business
- Arabian Business
US companies flock to Dubai as DMCC reports 7% surge in American business registrations
Dubai Multi Commodities Centre (DMCC) has reported a 7 per cent year-on-year increase in US company registrations, reinforcing its status as the leading international business district in the UAE and a key hub for American firms expanding into the Middle East, Asia, and Africa. Now home to more than 45 per cent of the estimated 1,500 American businesses operating in the UAE, DMCC has become the preferred launchpad for US firms seeking to access some of the world's fastest-growing markets. This uptick in American interest comes in the wake of US President Donald Trump's landmark visit to the UAE in May 2025. US firms in Dubai The visit resulted in $200bn in strategic trade agreements, covering sectors such as: Artificial intelligence Energy Defence Aviation Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: 'President Trump's recent visit to the UAE – part of the first official foreign visit of his second term – marks a new chapter in economic collaboration between the UAE and United States. 'With bilateral trade reaching $34.4bn in 2024, there is significant trade and investment momentum as well as appetite among American businesses to set up in Dubai and tap into global markets.' To capitalise on this momentum, DMCC hosted its Made For Trade Live series in New York City, Brooklyn, and Miami, engaging more than 150 US business leaders from sectors including tech, finance, commodities, and advanced manufacturing. These events are part of DMCC's long-term strategy to attract high-growth American companies to Dubai, positioning the emirate as a springboard into EMEA and South Asia. As of mid-2025, nearly 26,000 companies operate out of DMCC, including more than 700 from the United States. The district offers a full-service ecosystem for trade, innovation, and entrepreneurship — all within Dubai's free zone framework.
Khaleej Times
18-06-2025
- Business
- Khaleej Times
DMCC announces 7% growth in US companies past 12 months
DMCC, the leading international business district that drives the flow of global trade through Dubai, has announced a 7 per cent rise in US companies joining its international business district in the past 12 months. Now home to over 45 per cent of the estimated 1,500 American companies in the UAE, DMCC has reaffirmed its position as the go-to trade hub in Dubai for US firms seeking to scale into the world's fastest-growing markets. The strong growth in American businesses reflects the wider trade momentum following US President Donald Trump's landmark visit to the UAE in May, during which a series of strategic deals worth $200 billion were signed across key sectors including AI, energy, defence and aviation. These agreements – signalling a new chapter in UAE-US economic cooperation – have further elevated the commercial opportunity on offer for American enterprises in the region. Capitalising on this momentum, DMCC concluded its latest Made For Trade Live series across New York City, Brooklyn, and Miami. The trio of high-impact events convened 150 business leaders from across critical sectors – including technology, financial services, commodities and advanced manufacturing – as DMCC accelerates its drive to attract the next wave of American companies and investment to Dubai. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: 'President Trump's recent visit to the UAE – part of the first official foreign visit of his second term – marks a new chapter in economic collaboration between the UAE and United States. With bilateral trade reaching $34.4 billion in 2024, there is significant trade and investment momentum as well as appetite among American businesses to set up in Dubai and tap into global markets. We have witnessed this first hand with strong multi-year growth of US companies joining our district, including a rise of 7 per cent in the past 12 months, meaning DMCC continues to be the trade hub of choice for over 45 per cent of the total American business presence in the UAE – a position we will aim to grow and consolidate as we enhance the value proposition across our dedicated ecosystems in commodities, services and advanced technologies.' DMCC's record as an international business district continues to drive its appeal. With almost 26,000 companies now operating across its district – including over 700 from the US – DMCC contributes 15 per cent of Dubai's annual foreign direct investment inflows and 7 per cent of the Emirate's GDP. Through initiatives like Made For Trade Live, DMCC continues to position Dubai as a prime destination for business, connecting international firms to a global network of opportunity across the Middle East, Asia, Africa and beyond.
Hi Dubai
18-06-2025
- Business
- Hi Dubai
DMCC Reports 7% Surge in US Companies as UAE-US Trade Ties Strengthen
DMCC has reported a 7% increase in American companies joining its international business district over the past year, underscoring Dubai's growing appeal as a launchpad for US firms expanding into global markets. Now hosting nearly half of the estimated 1,500 American businesses operating in the UAE, DMCC has cemented its role as the preferred hub for US enterprises seeking to tap into the region's economic growth. The rise in US business interest follows President Donald Trump's visit to the UAE in May—his first official overseas trip in his second term—where strategic agreements worth $200 billion were signed across AI, energy, defence, and aviation sectors. These deals have marked a renewed phase in UAE-US economic collaboration, spurring investment opportunities and trade activity. In response, DMCC concluded its 'Made For Trade Live' roadshow across New York City, Brooklyn, and Miami, engaging 150 business leaders from key sectors including finance, tech, commodities, and manufacturing. Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, highlighted the momentum: 'With bilateral trade hitting $34.4 billion in 2024, there is growing appetite among American businesses to establish a presence in Dubai and access global markets.' With nearly 26,000 companies operating in its ecosystem—over 700 of them American—DMCC continues to attract international investment and reinforce Dubai's position as a strategic gateway for global trade. News Source: Emirates News Agency
Zawya
18-06-2025
- Business
- Zawya
DMCC announces 7% growth in US companies in 12 months
DUBAI - DMCC, the leading international business district that drives the flow of global trade through Dubai, has announced a 7% rise in US companies joining its international business district in the past 12 months. Now home to over 45% of the estimated 1,500 American companies in the UAE, DMCC has reaffirmed its position as the go-to trade hub in Dubai for US firms seeking to scale into the world's fastest-growing markets. The strong growth in American businesses reflects the wider trade momentum following US President Donald Trump's landmark visit to the UAE in May, during which a series of strategic deals worth US$200 billion were signed across key sectors including AI, energy, defence and aviation. These agreements – signalling a new chapter in UAE-US economic cooperation – have further elevated the commercial opportunity on offer for American enterprises in the region. Capitalising on this momentum, DMCC concluded its latest Made For Trade Live series across New York City, Brooklyn, and Miami. The trio of high-impact events convened 150 business leaders from across critical sectors – including technology, financial services, commodities and advanced manufacturing – as DMCC accelerates its drive to attract the next wave of American companies and investment to Dubai. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said, 'President Trump's recent visit to the UAE – part of the first official foreign visit of his second term – marks a new chapter in economic collaboration between the UAE and United States. With bilateral trade reaching US$34.4 billion in 2024, there is significant trade and investment momentum as well as appetite among American businesses to set up in Dubai and tap into global markets." DMCC's record as an international business district continues to drive its appeal. With almost 26,000 companies now operating across its district – including over 700 from the US.
