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///   DP World is eying up to the Sete port based in south of France for trading the Mediterranean

par Juli Choquet le
Sete is a small city along the Mediterranean Sea where we met Ahmed Bin Sulayem CEO of DP World who has just invested into the Sete port with his affiliate company P&O. The head of the Regional Institution « occitanie » Miss Carole Delga was also here to present the public private partnership.

 

In 10 years this more than 720 millions euros invested by the local institution to the Sete port development. The sultan Ahmed Bin Sulayem signed up an agreement engaging his affiliate company P&O for 3 years.

By 2020, DP world specialised into the sea freight and trade transport will invest 400 millions euros for 4 millions tonnage versus 3,8 millions today.

According to the sultan, « the priority is for inter Mediterranean » exchanges. Indeed the growing market of the Mediterranean is a key piece of the worldwide connections. Carole Delga from the region is happy that « sete is going to be transformed as a trade platform for the Mediterranean ».

From the left to the right : JC Gayssot Sete port director, Sultan Ahmed Bin Sulayem, Carole Delga head of the regional office.

Discover out our latest videos about the economic news in the Mediterranean : 

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