Global port operator DP World and Turkish conglomerate Evyap Group have announced a strategic equity partnership to bolster trade infrastructure.
The collaboration will focus on enhancing container port facilities and optimising efficiency in the crucial Marmara gateway market.
DP World will acquire a 58 per cent stake in Evyap Port, while Evyap Group will hold a 42 per cent stake in DP World Yarimca.
The merged entity will be named DP World Evyap Port. However, regulatory approvals are pending before the transaction can be finalsed.
Drawing on DP World's extensive international expertise and Evyap Group's strong local presence, the partnership aims to revolutionise supply chain solutions in Turkey.
By increasing efficiency, streamlining turnaround times, ensuring security, and diversifying service offerings, the collaboration intends to advance Turkish trade.
.@DP_World and Evyap Group (Turkey) have agreed to form a strategic equity partnership between DP World Yarimca Port and Evyap Port. The partnership aims at enhancing and growing trade infrastructure by focusing on improving container port facilities and enhancing efficiencies… pic.twitter.com/rVEx32dMf2
— Dubai Media Office (@DXBMediaOffice) August 29, 2023
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