Latest news with #SultanBinSulayem
Zawya
02-07-2025
- Business
- Zawya
PCFC named ‘Global Leader in Social Responsibility' by The International CSR Excellence Awards
PCFC selected from over 300 international government entries following a rigorous evaluation Sultan bin Sulayem: Winning this prestigious international award is a global endorsement of our deep commitment to social responsibility Nasser Al Neyadi: Our innovative social responsibility programmes are designed to support various segments of both the local and global community Government of Dubai Media Office – The Ports, Customs and Free Zone Corporation (PCFC) has been awarded the prestigious title of 'Global Leader in Social Responsibility' by The International CSR Excellence Awards. The UK-based award programe ranked PCFC with the gold award globally in the category of 'Community Engagement for Government Entities' after a rigorous evaluation of over 300 entries from countries around the world. This international recognition reflects the Corporation's continuous efforts and innovative initiatives under its annual social responsibility plan, aligned with its strategic vision to promote sustainable development and enhance quality of life across the community. On this occasion, His Excellency Sultan Ahmed bin Sulayem, Chairman of the Ports, Customs and Free Zone Corporation, stated: 'At the start of 2025, His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, declared the year as the 'Year of Community'. This inspired us at the Corporation to intensify our efforts and launch meaningful high-impact community initiatives. Over the course of the year, we implemented sustainable programmes aimed at diverse segments of society, fostering a culture of giving and social solidarity both within the UAE and internationally.' He added: 'Winning this prestigious international award is a global endorsement of our deep commitment to social responsibility. It reflects the vision of our wise leadership, which places great importance on building a cohesive and prosperous society. We view this achievement not just as a win, but as a new responsibility that motivates us to continue innovating in serving our community'. He emphasised that this milestone, which serves as a culmination of PCFC's efforts during the Year of Community, adds to the UAE's extensive legacy of humanitarian and social initiatives. Bin Sulayem noted that receiving this award is a significant achievement not only for the Corporation but for Dubai and the UAE as a whole, especially given the intense competition between over 300 entries submitted by government entities worldwide. His Excellency Nasser Al Neyadi, CEO of the Ports, Customs and Free Zone Corporation, said the award from a leading global organisations's recognises PCFC's innovative social initiatives and impactful charitable projects that uphold human dignity. He highlighted that in addition to its role in enhancing Dubai's position as a leading sustainable hub for global economic activity and contributing to the Dubai Economic Agenda D33, the Corporation is also committed to its humanitarian duties. Al Neyadi said: 'At PCFC, we continuously develop and diversify our social initiatives to meet the evolving needs of the community, whether charitable, environmental, social, or humanitarian. We collaborate with both local and international organisation's to ensure the sustainability of these initiatives and achieve the desired long-term positive impact.' The International CSR Excellence awards is one of the highest global awards in the field of responsibility community and sustainable development, and organized annually by a British non-profit organisation, cocerned with honoring the best institutional practices around the world. The ceremony of honoring the award-wining institutions took place in the historical St. Paul cathedral at the British capital London, and the award was received by Hend Ahmad Shaker, Director of Marketing and Corporate Communication in PCFC. Among the Corporation's most notable social initiatives in 2025 were programmes in education and vocational training, sustainable environmental campaigns, charitable projects supporting self-sufficiency, and community-based projects focusing on families, children, food security, as well as expansive health and awareness campaigns conducted in partnership with health and charitable organisations across the UAE.
Emirates 24/7
02-06-2025
- Business
- Emirates 24/7
PCFC and Government of Ghana Sign MoU to Establish an Economic Zone & Digital Incubator in Accra
Sultan bin Sulayem: PCFC is a key contributor to Dubai's knowledge and innovation-based economy, in line with the Dubai Economic Agenda D33 Samuel Nartey George: This partnership will position Ghana as a regional hub for technological advancement in Africa The Ports, Customs and Free Zone Corporation (PCFC) and Government of Ghana have signed a landmark Memorandum of Understanding (MoU) to establish Ghana's first economic zone and digital incubator in Accra. The initiative aims to accelerate the country's transformation into a regional technology powerhouse, attracting investment into West Africa. The MoU was signed by H.E. Sultan Ahmed bin Sulayem, Chairman of PCFC, and Hon. Samuel Nartey George, Ghana's Minister for Communication, Digital Technology and Innovation. Under the agreement, a 25 square kilometer area in Accra will be allocated to PCFC for the development of the economic zone. PCFC will lead the zone's operations and attract global technology firms, facilitating investment and business expansion. The MoU also includes joint efforts to establish digital infrastructure and property development within the zone. H.E. Sultan Ahmed bin Sulayem affirmed that PCFC's commitment to supporting the UAE's global outreach and sharing Dubai's pioneering experience in innovation and economic development. 'This initiative underscores our strategic relationships worldwide and reinforces PCFC's role as a key contributor to Dubai's knowledge and innovation-based economy. We are focused on launching cutting-edge projects that promote sustainable growth, invest in human capital and advanced technology, to cement Dubai's status as a global hub for smart technologies and digital transformation'. He also expressed his appreciation for the Government of Ghana's trust in PCFC's expertise and its warm reception of the initiative. 'This smart economic zone, combining innovation, technology, and logistics, will foster commercial growth and strengthen Ghana's industrial and technological infrastructure'. Hon. Samuel Nartey George stated that the partnership will significantly bolster Ghana's economic position, transforming it into a regional technology hub in Africa. 'This initiative aligns with Ghana's vision for digital transformation and sustainable economic growth. The zone will play a pivotal role in attracting global businesses and talent, positioning Accra as a destination of choice on the international stage.' PCFC will implement and manage the advanced digital infrastructure in the zone to support the growth of local and regional businesses across Africa. The project will provide a robust platform for innovation, investment opportunities that empower global and local expansion. Dedicated teams from both countries specializing in AI and investment will manage the zone, fostering innovation, business growth and regional connectivity. The collaboration aims to empower local communities, traders, and investors, driving inclusive and sustainable economic progress across the continent. The partnership marks a major milestone in fostering international partnerships that advance technology and economic development, positioning Ghana at the forefront of Africa's digital future. Follow Emirates 24|7 on Google News.
The National
20-05-2025
- Business
- The National
DP World to spend $2.5 billion to expand logistics network this year
DP World, the Dubai-based global ports operator, will invest $2.5 billion this year to expand its logistics network as it seeks to boost international trade. The company will launch major infrastructure projects across India, Africa, South America and Europe in response to 'rising demand for resilient, integrated supply chain solutions', it said in a statement on Tuesday. The four major developments across four continents will extend DP World's end-to-end capabilities and significantly expand capacity in its network of ports, the statement added. 'Global trade is evolving fast. Despite short-term uncertainty, this $2.5 billion commitment reflects our confidence in long-term trade growth and our determination to build the infrastructure needed to keep the world connected,' said Sultan bin Sulayem, chairman and group chief executive of DP World. 'Nobody can match us for the diversity and breadth of our supply chain solutions.' With port operations ranging from Canada to Australia, DP World has passed 100 million 20-foot equivalent units (TEUs) of container-handling capacity across its global operations, it said earlier this year. Its global gross container handling capacity increased by 5 per cent in 2024. The Dubai company holds a 9.2 per cent share of the global container market, supported by a 33 per cent growth in capacity since 2014, it said on January 7. Its revenue for 2024 grew 9.7 per cent to a record $20 billion on improved ports and terminals performance as well as contributions from new acquisitions and concessions. However, profit for the year was down 2 per cent at $1.5 billion due to higher finance costs. Some of DP World's recent initiatives have included the addition of a $450 million berth at London Gateway and a $400 million expansion in Peru's Port of Callao. Construction is under way on a $510 million terminal at Tuna Tekra in Gujarat on India's north-western coast, DP World said. Featuring a 1.1km berth and annual capacity of 2.19 million TEU, the terminal will connect India's vast hinterland to global markets through a road and rail network, enabling faster, more efficient trade access for Indian businesses, according to the statement. DP World is also moving ahead with the development of a deep-sea port at Banana in the Democratic Republic of Congo (DRC). The 450,000-TEU-a-year facility on the DRC's Atlantic coast will bring significant cost and time savings for the country's trade, as it will attract more direct calls from larger vessels from Asia and Europe, the logistics company said. Work is also under way on the 1.2 million-TEU-a-year Ndayane Port in Senegal. An initial investment of $830 million is being made in this project. At the port of Posorja in Ecuador, DP World has initiated a $140 million berth expansion that will increase the length of the dock to 700 metres, enabling it to accommodate two post-Panamax vessels at the same time, the statement said. DP World is also investing $1 billion in the London Gateway logistics hub to build two shipping berths and a second rail terminal. The expansion will create 400 jobs and move London Gateway closer to becoming Britain's biggest container port by the end of the decade, the company said. Mr bin Sulayem said DP World's 'integrated model' offers visibility and control across the entire supply chain, helping partners reduce risks and costs.
The National
16-05-2025
- Business
- The National
Syria and UAE's DP World sign $800 million agreement for Tartus port development
The Syrian government and DP World, the Dubai-based global ports operator, have signed an initial agreement worth $800 million to develop Syria's port of Tartus. The agreement is aimed at strengthening port infrastructure and logistics services in the country transitioning after more than a decade of civil war, Syrian state news agency Sana reported on Friday. It is among the first deals Damascus has announced after US President Donald Trump this week said America will lift sanctions against Syria. The initial agreement includes a 'comprehensive investment in the development, management, and operation of a multipurpose terminal at Tartus Port', according to the Sana report. When finished, the project will contribute to raising the port's efficiency, increasing its operational capacity, and will enhance its role as a hub for regional and international trade. The two sides have also agreed to co-operate in establishing industrial zones and free zones, in addition to dry ports and freight transit stations in strategic areas in Syria. The agreement 'reflects both parties' commitment to supporting economic development and facilitating trade and transport', the report added. DP World has yet to announce the deal. In March, Sultan bin Sulayem, DP World's group chairman and chief executive, said that the company plans to expand into new locations as part of its long-term strategy and maintains a 'positive medium-term outlook.' Its revenue for 2024 grew 9.7 per cent to a record $20 billion on improved ports and terminals performance as well as contributions from new acquisitions and concessions. However, profit for the year was down 2 per cent at $1.5 billion due to higher finance costs. In January, DP World said it was considering additional investments in its port operations in Peru, after expanding the Port of Callao in the Andean country last year. With port operations spanning from Canada to Australia, DP World has passed 100 million twenty-foot equivalent units (TEUs) of container-handling capacity across its global operations, it said earlier this year. Its global gross container handling capacity increased by 5 per cent in 2024. 'Despite global uncertainties, DP World is well-positioned for long-term growth, leveraging its integrated supply chain solutions and strategic investments,' it said in March. Earlier this week, before his milestone meeting with Syrian leader Ahmad Al Shara in the Saudi capital, Mr Trump announced he would move to lift sanctions against Syria. The removal of sanctions will pave the way for foreign investment to flow into the war-devastated country. The civil war in Syria began after the suppression of a peaceful protest movement calling for the removal of Bashar Al Assad, president at the time in 2011. That conflict, and subsequent fighting against opportunistic extremist groups such as ISIS, resulted in the devastation of infrastructure, displacement of skilled labour and the draining of domestic industry. The Assad government was overthrown in December 2024 by militant groups led by Mr Al Shara. Years of conflict took a toll on Syria's economy, with the UN Development Programme estimating cumulative losses – including physical damage and economic deprivation – at more than $923 billion by the end of last year. Estimates of the cost of reconstruction, meanwhile, have ranged between $250 billion and $500 billion.
