DP World not to renew operating contract in Indonesia

Dubai, UAE, 17 September, 2017: DP World Limited announces that the company has reached a decision not to renew its operating contract for PT Terminal Petikemas Surabaya (TPS) in Indonesia at the end of the agreement in 2019. DP World is a 49% shareholder in TPS, which represents a gross capacity of 2.1 million TEUs (twenty-foot containers) out of 85 million TEUs for the Group. There will be no material financial impact on the Group as a consequence of this action.

Sultan Ahmed Bin Sulayem, DP World Group Chairman and CEO, said: “DP World, alongside other global terminal operators, has built world class port infrastructure in Indonesia that serves the needs of shipping lines, manufacturers, traders and consumers in the region. Over the last 20 years, Surabaya has benefitted from DP World’s state-of-the-art, productivity-enhancing systems, training and development programmes, as well as the company’s security, safety and environmental best practices, and we are proud of our success there. We have invested significantly in the terminal infrastructure, which has created jobs and contributed to the growth of both the port and the region.