September 11, 2023
3 min

DP World inks deal to become majority stake holder in Turkey's ... - India Shipping News

Dubai's DP World has formed a strategic equity partnership with Turkey's Evyap Group between DP World Yarimca Port and Evyap Port. DP World will hold a 58% stake in Evyap Port, while Evyap Group will possess 42% of DP World Yarimca. The combined entity will be known as DP World Evyap Port, pending regulatory approvals. The partnership aims to improve container port facilities and enhance efficiencies in the Marmara gateway market. DP World has been a key driver of UAE-Turkey trade, with Jebel Ali port accounting for 93.25% of the total trade between the two countries in 2020.

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Adhikansh Gupta
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Writer and editor who covers the latest trends and innovations in the software-as-a-service (SaaS) industry