DP World has announced the inauguration of three significant new sites in Romania, with investments totaling over 130 million euros. These investments include developments in both the port of Constanța and Aiud.
International logistics company DP World has completed a €65 million investment in a five-hectare cargo terminal for heavy, bulky and complex cargo, as well as a new roll-on, roll-off terminal (RO- RO) which will handle up to 80,000 vehicles per year during peak periods.
Another 50 million euros will be invested in a new multi-transport platform in Constanta, which will open in 2025.
DP World’s third newly launched unit is located in Aiud, in the industrial heart of Romania, which now hosts a new 8-hectare intermodal logistics hub linking road and rail transport, following an investment of 21 million euros.
Attending the inauguration of the terminals, Sultan Ahmed bin Sulayem, CEO of DP World, said that investments in the Port of Constanța can attract companies interested in relocating production.
“Romania’s economic foundations are strong, we saw then (no- 2004) and we see now. Today, Constanta is the most important port on the Black Sea, the best connected and has possibilities like no other port. I am satisfied with the last discussion with the prime minister. We can do a lot in the port, but what you build outside of it is also important. We are looking at how to grow the business here and how to adapt to changes in the world. When the COVID-19 pandemic came, the world realized that you can’t produce in one place and then ship it over long distances. With its connections, by sea and land, there is no better place to bring clients; in the port or other locations where the government thinks it would be important,” said Sultan Ahmed bin Sulayem.
The new facilities will improve connectivity between DP World’s existing sea, rail, barge and road services throughout Romania and improve the movement of goods between continental Europe and the Black Sea, North Sea and Adriatic Sea. DP World has invested over 250 million euros in Romania, starting in 2004, the amount also including grants from the European Union.
The company anticipates that the latest investments will enable and encourage large companies to relocate or expand their production facilities in the region. The concepts of nearshoring and reshoring have become increasingly prevalent in Europe in recent years as geopolitical tensions have intensified.
The post DP World Announces Three New Major Investments in Romania, worth EUR 130 M appeared first on The Romania Journal.
