2010 review

The Group has continued to invest in its portfolio during the last two years of global crisis and is seeing the benefit of this investment in these results. Almost all of our container terminals around the world are back at or ahead of volumes last seen in 2008 which was a peak year for the global container terminal industry.

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    September 2010

    Callao, Peru South America’s largest and most modern container terminal on the west coast, DP World Callao, was officially inaugurated by Peruvian President Alan García Perez and DP World Chairman Sultan Ahmed Bin Sulayem. The port is situated close to Peru’s capital city, Lima.

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    October 2010

    Sokhna, Egypt DP World entered into an agreement with the Red Sea Ports Authority to expand capacity at the new terminal at Sokhna Port, Egypt. The new basin, which is located at the southern end of the Suez Canal, will have a quay length of 1300metres and a capacity of 1.75 million TEU, more than doubling DP World Sokhna’s existing capacity.

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    December 2010

    Fremantle, Australia DP World and Citi Infrastructure Investors (CII), together with one of CII’s major investors, announced their intention to form a strategic partnership in relation to DP World’s five marine terminals in Australia. The strategic partnership saw DP World monetise 75% of its shares whilst retaining a 25% shareholding in the new joint venture. In addition, DP World has a long term agreement to provide management services to the Australian operation.

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    June 2010

    Maputo, Mozambique DP World holds the concession to operate the container terminal at the port of Maputo. The concession for the port was extended to 2033 with an option to extend for a further ten years.