Dubai Ports World Group (DP World) announced that it and Turkey’s “Eviap” group have completed a strategic merger, following regulatory approval from the Turkish Competition Authority. According to a press release issued yesterday, the strategic merger combined the strengths of the two main ports of the Sea of Marmara to create a new global logistics center to advance Turkey’s key role in global trade.
According to the “DB World Eviap” agreement, DP World Group will acquire a 58% stake in “Eviaport”, the “Eviap” Group will acquire a 42% stake in “DB World Yarimja”, both of which have new names. two main sea gates will become “DB World Eviap Yaremja” and “DBworld Eviap Korfez”.
DB World EVIAP helps to meet the growing demand for advanced logistics services in the region, increase the volume of Turkish exports and imports, pave the way for the growth of new sectors and strengthen the country’s growing position as a leading center in international supply. chains
As a result of the merger, a berthing area of 2,088 meters will be obtained, which will allow more than one large container ship to be in both terminals at the same time.
Annual container handling capacity exceeds two million TEU, and integrated operations are now including project services and heavy cargo.
DB World EVIAP will have access to advanced road and rail lines, offering customers fast delivery times, supported by a team of more than 900 logistics experts to improve the efficiency of freight travel.
DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, said: “DP World Group’s vision is to drive global trade towards a stronger, more efficient and sustainable future, and our strategic partnership with (Eviaport) works to develop this. The focus is on Turkey, which is one of our most important markets, and we look forward to continuing to develop DB World EVIAP services.”
