DP World has announced the establishment of its first-ever logistics asset in Singapore, located in the city-state, which is the financial conduit between China and South-East Asia.
The 13,000m² multi-user bonded, purpose-built warehouse at Mapletree Benoi Logistics Hub is the latest addition to DP World’s warehousing footprint in Asia Pacific, following the unveiling of similar facilities in Incheon, South Korea and Hong Kong respectively.
Complemented by its global ports and terminals network and freight forwarding business, DP World now manages more than 800,000m² of warehousing space across the region.
Glen Hilton, CEO & Managing Director for DP World in Asia Pacific, commented: “This new addition will better fortify our offerings across the entire spectrum of logistics services, backed by our network of ports and terminals in the region. With these new facilities in Singapore, Hong Kong and South Korea complementing the existing network of assets we manage, we are now better positioned than ever to deliver agile, efficient, and reliable logistics solutions.”
Since the relocation of its APAC regional office to Singapore in 2021, DP World has more than tripled its employee base in the country. Today, the company employs more than 10,000 people in APAC, which makes up almost 10% of its global workforce.
Through key acquisitions in the last twelve months – including that of Singapore-based Legend Global Logistics – DP World has expanded its specialist logistics service offering for customers, adding new capabilities and expertise to its global networks of supply chain infrastructure.
In addition to Legend, DP World has completed the acquisition of Savan Logistics and Cargo Services Far East in the last twelve months. It also announced a US$50 million investment to develop a new logistics centre in Busan New Port.
“We will continue to make strategic investments in key markets to give the best possible service to our customers,” pointed out Hilton.
