UAE-based port operator DP World and Turkey’s Evyap Group 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 in the key Marmara gateway market.
DP World will own 58 percent of Evyap Port and Evyap Group will own 42 percent of DP World Yarimca following the completion of the transaction. The new business will be named DP World Evyap Port. The transaction remains subject to regulatory approvals.
According to the statement, “By combining the UAE port operator’s global expertise and Evyap Group’s local stature as a business entity, the partnership will aim to enhance supply chain solutions in Turkey.” The collaboration seeks to improve productivity, reduce turnaround times, ensure security, and broaden service offerings, benefiting Turkish trade.
The partnership between DP World Yarimca Port and Evyap Port will combine DP World’s global expertise with Evyap Group’s local knowledge to enhance supply chain solutions in Turkey. “This collaboration will result in a more efficient and competitive port in Turkey’s Marmara region, featuring enhanced container port facilities,” the statement added.
Recently, DP World announced it reached a concession agreement with the Deendayal Port Authority in Gujarat, India, to build, operate, and maintain a new $510 million container terminal at Tuna-Tekra near the port, with the capacity to handle 2.19 million twenty-foot equivalent units (TEUs) per year.
The terminal will be built by a joint venture (JV) between the UAE port operator and India’s state-owned National Investment and Infrastructure Fund (NIIF) on a Build-Operate-Transfer (BOT) basis.
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