Saeed Al Zari, account manager, DP World speaking to Breaking Travel News at the Four Seasons Resort Dubai following the World Travel Awards Middle East 2015.
Mina Rashid Cruise Terminal has grown to become one of the most exciting destinations not only in Dubai, but in the entire Middle East. Here Breaking Travel News catches up with Mohammed Al Muallem from DP World to discuss what comes next for the location.
As the leading tourist destination in the region, Dubai continues to dazzle worldwide visitors. To confirm its glowing reputation, global ports and marine terminal operator DP World is building a new terminal for cruise ship passengers at Mina Rashid. Located at the heart of the city and its vibrant creek, the port is a stone’s throw away from one of the world’s fastest-growing airports, Dubai International.
DP World, the Dubai-based owner of P&O, is to seek a floatation on the London Stock Exchange on June 1. The listing is expected to raise £6bn and will give investors an opportunity to own a stake in P&O, which was de-listed from the London market after its take-over five years ago.
South America’s largest and most modern cruise terminal, Quinquela Martin, developed and operated by global port operator DP World, was has been inaugurated this week by the President of Argentina, HE Cristina Fernández de Kirchner , together with HE Sultan Ahmed Bin Sulayem, Chairman, DP World.
DP World has reported a steady increase in profits for the first half of financial 2010. The Dubai-based port operator added that seasonal trade flows and the contribution from new terminals was likely to contribute to a stronger performance in the second half.
DP World, which is 80 per cent owned by Dubai World, is seeking a listing on the London Stock Exchange “to address its continued disappointment with the [Dubai] market’s valuation of the company”.