DP World expands beyond terminals in Antwerp and Australia
DP World is extending its reach on two continents at once. DP World signed a multi-year logistics agreement in Australia and committed to a cold-chain facility in Belgium — different cargoes, different partners, same underlying move: capturing the legs of the supply chain before and after the port.
In Antwerp, this means temperature-controlled storage next to the terminal. DP World will invest an initial EUR 48 mn, potentially rising to around EUR 100 mn in later phases, in a cold-chain hub beside its Antwerp Gateway terminal — developed with Montea and Maatschappij Linkerscheldeoever, according to a press release. The site will provide more than 55k sqm of temperature-controlled warehousing across an 83k sqm facility for perishables, pharma, chemicals, and technology cargo. It will also integrate ocean transport, terminal handling, warehousing, and road, rail, and barge distribution from a single site, strengthening DP World’s connectivity across Belgium and Europe.
In Australia, it means owning the inland leg before the cargo even reaches a port. The company signed a multi-year agreement with Balco, one of the country’s leading forage exporters, to move 10k TEUs of forage exports annually, according to a separate press release. DP World will handle road transport, equipment, and supply-chain coordination between Balco’s regional production sites and the export gateway, while investing in specialized transport assets.
Another global fintech is moving closer to a UAE payments license
Payments service provider Edenred UAE has received in-principle approval from the UAE Central Bank for a stored Value Facility (SVF) license, according to a press release. This move clears a key regulatory step toward operating as a licensed payment institution in the country, according to the release. The firm is the largest salary processing provider in the UAE and currently works with upwards of 20k companies and 2.5 mn employees.
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