DP World acquires 58% equity stake in Turkey’s Evyap Port

Image: WAM/ DP World

DP World and Turkey’s (Türkiye) Evyap Group will form a strategic equity partnership between DP World Yarimca Port and Evyap Port.

The partnership aims at bolstering and expanding trade infrastructure by focusing on improving container port facilities and efficiencies in the Marmara gateway market.

Following the completion of the transaction, DP World will own 58 per cent of Evyap Port and Evyap Group will own 42 per cent of DP World Yarimca. The new business will be named DP World Evyap Port, the state news agency, WAM, reported.

The transaction remains subject to regulatory approvals.

DP World Evyap Port will enhance trade flow

The partnership will aim to enhance supply chain solutions in Türkiye. The partnership will aim to reduce turnaround times, enhance security and widen service offerings, supporting overall trade.

In other news, DP World signed a concession agreement with the Deendayal Port Authority to develop, operate and maintain a new 2.19 million TEU per annum mega-container terminal at Kandla in Gujarat on India’s western coast.

The concession agreement was signed on August 25.