The International supply chain solutions business DP World, has announced the opening of its first ever logistics asset in Singapore.
Located in the city-state, the 13,000sqm multi-user bonded, purpose built warehouse at Mapletree Benoi Logistics Hub, is DP World’s latest addition to its warehousing footprint in Asia Pacific.
DP World now manages more than 800,000sqm of warehousing space across the region, including its global ports, terminals network and freight forwarding business.
DP World CEO and managing director Glen Hilton says this is a significant milestone, following the setup of the regional APAC headquarters back in 2021.
“This new addition will better fortify our offerings across the entire spectrum of logistics services, backed by our network of ports and terminals in the region,” he says.
“With these new facilities in Singapore, Hong Kong and South Korea complementing the existing network of assets we manage, we are now better positioned than ever to deliver agile, efficient and reliable logistics solutions.
“We will continue to make strategic investments in key markets to give the best possible service to our customers.”
DP World has more than tripled its employee base in the country since the relocation of its APAC regional office to Singapore in 2021.
Today, DP World employs more than 10,000 people in APAC, making up almost 10 per cent of its global workforce.
The company has expanded its specialist logistics service offering for customers through key acquisitions in the last twelve months including the Singapore based Legend Global Logistics (Legend).
In the last twelve months, DP World has also completed the acquisition of Savan Logistics and Cargo Services Far East in addition to Legend.
It also announced a US$50 million investment to develop a new logistics centre in Busan New Port, all part of DP World’s vision to be the logistics partner of choice in Asia Pacific.