Major investment in Caribbean logistics
DP World has signed a USD 760 million mou with the Dominican Republic to expand the port of Caucedo and its free-trade zone, boosting capacity to 3.1 million teu and unlocking 225 ha for development. The investment aims to position the country as a top nearshoring and logistics hub for the Americas. The project is expected to attract USD 3.9 billion in foreign direct investment and generate USD 4 billion in manufacturing output.
"We will transform Caucedo into the most advanced logistics hub in the Caribbean," said DP World CEO Sultan Ahmed bin Sulayem. The investment will be split evenly between port upgrades and new Free Trade Zone infrastructure.
DP World has operated in the Dominican Republic for over 25 years, steadily expanding Caucedo’s role as a regional gateway. The expansion will support next-gen vessel handling, create thousands of jobs, and reinforce supply chain resilience in the Americas. (ah)