DP World will initially invest more than $250m to upgrade the port and the investment could increase to $1bn during the concession period
The partnership will aim to enhance supply chain solutions in Turkey
DP World currently operates five container terminals in India – two in Mumbai, one each in Mundra, Cochin and Chennai
The port has automated finance, human resources and supply chain functions to enhance business agility and speed up daily work
The project has achieved Level 4 autonomous driving, enabling 76 intelligent guided vehicles in a fleet to collaborate efficiently
The ship sank near the port city of Assalouyeh
DP World reiterated that it remains the legal operator and concession holder of the Doraleh Container Terminal
The payment was made using funds from asset sales, dividend payments and the delisting of port operator DP World