https://arab.news/wuuw5
- Merger capitalizes on the strengths of two major ports on the Marmara Sea
DUBAI: Emirati logistics firm DP World and Evyap Group, a Turkiye-based consumer conglomerate, have merged their Turkish operations to form a new international logistics hub, Emirates News Agency reported.
The newly formed entity, DP World Evyap, sees DP World assume a 58 percent stake in Evyapport and Evyap Group secure a 42 percent share of DP World Yarımca.
It capitalizes on the strengths of two major ports on the Marmara Sea, enhancing Turkiye’s pivotal role in global trade. The key maritime gateways will be rebranded as DP World Evyap Yarımca and DP World Evyap Korfez.
DP World Evyap will help meet the region’s growing demand for sophisticated logistics, increase Turkiye’s export and import volumes, open up new sectors, and strengthen the country’s growing status as a major hub in global supply chains.
The merger will result in a total of 2,088 meters of berthing space and the ability to accommodate more than one ultra-large container vessel at the same time at both terminals. The total annual container handling capacity will also exceed 2 million TEUs, as the integrated operation expands to include project and heavy-lift cargo services.
Furthermore, DP World Evyap will benefit from advanced road and rail connections, as well as faster turnaround times, with a team of over 900 logistics experts geared to optimizing cargo journeys.
“DP World’s vision is to lead global trade to a stronger, more efficient and sustainable future. Our strategic partnership with Evyapport advances this strategy in Turkiye, one of our most important markets. We’re delighted to bring enhanced end-to-end solutions to our customers and the many benefits in speed and efficiency of this union,” DP World Group Chairman and CEO Sultan Ahmed bin Sulayem said.
Evyap Holding CEO Mehmed Evyap added: “This partnership combines the global expertise of DP World and the local knowledge of Evyapport and strengthens our presence in the port sector as we expand our investments in this field.
“The new company will shorten operation times, increase service diversity and add value to our customers and Turkiye’s trade with efficiencies achieved across the two partnership terminals.”