Home lists 100 Most Powerful Arabs 2023 Sultan Ahmed bin Sulayem Group chairman and CEO, DP World Origin: UAE Residence: UAE Sector: Logistics In November last year, Sulayem announced that DP World would invest up to $500m to cut carbon emissions from its operations over the next five years. The state-owned ports operator ranked fifth in the world in 2022 by total value of direct investments allocated to the overseas logistics services sector. DP World has invested more than $10bn (Dhs37.3bn) in the global logistics sector since 2012, making it one of the top five overseas investors in this period. The company also teamed up with shipping services provider Maersk to improve operational efficiencies and collaborate on decarbonising. Meanwhile, DP World was named as an official partner of McLaren Formula 1 Team in February this year. Sulayem, who is leading the company’s growth and expansion, is also the chairman of Dubai’s Ports, Customs and Free Zone Corporation.