This growth is largely due to strong performance in ports and terminals and contributions from newly acquired assets and concessions.

However, according to an official release, profit declined slightly by two percent, from US$1.51 billion in 2023 to US$1.48 billion in 2024.

The company’s revenue per twenty-foot equivalent unit (TEU) increased by 13.9 percent on a like-for-like basis, supported by high activity in the Middle East and the Americas. Capacity exceeded 100 million TEUs, a milestone achieved through targeted infrastructure investments in key markets.

“We are proud to report record revenue of $20 billion and record EBITDA of $5.5 billion for 2024, a remarkable achievement given the complex geopolitical landscape,” said Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World.

“These results demonstrate the benefits of our strategic focus on high-margin cargo, end-to-end integrated supply chain solutions and disciplined cost optimization.”

Capital expenditures reached US$2.2 billion, slightly up from US$2.1 billion in 2023. DP World plans to allocate approximately US$2.5 billion in 2025, with major investments in Jebel Ali (UAE), Drydocks World and Jebel Ali Freezone (UAE), Tuna Tekra (India), London Gateway (UK), Ndayane (Senegal), and Jeddah (Saudi Arabia).

“Our asset-appropriate strategy, combined with critical infrastructure in key markets, ensures that we scale efficiently while delivering specialised capabilities where they are needed most,” added Sulayem.

“By enhancing connectivity and streamlining supply chains, we reinforce DP World’s role as a leading trade enabler—helping cargo owners navigate complexity, go to market quicker and build greater supply chain resilience.”

Cash generated from operating activities saw a notable rise of 19 percent, reaching $5.5 billion in 2024 compared to US$4.6 billion in 2023.

Alongside its financial achievements, DP World continues to expand its infrastructure to support global trade growth. One of its most significant projects is the development of the Jeddah Islamic Port, aimed at increasing efficiency and capacity in a key trade corridor.

DP World and the Saudi Ports Authority (Mawani) have inaugurated the South Container Terminal at Jeddah Islamic Port.

The completion of this three-year project, valued at SAR 3 billion (US$800 million), is expected to strengthen Saudi Arabia’s position in global trade.

The modernised terminal has more than doubled its handling capacity from 1.8 million TEUs to 4 million TEUs, with future potential to reach 5 million TEUs.

As demand increases, ship-to-shore equipment will be added. DP World, which has operated in Jeddah since 1999, is undertaking this expansion as part of a 30-year Build-Operate-Transfer (BOT) agreement.

Saudi Minister of Transport and Logistics Services, His Excellency Eng. Saleh bin Nasser Al-Jasser joined DP World executives and trade partners at the opening event.

Speaking at the event, DP World’s Group Chairman and CEO, Sultan Ahmed bin Sulayem, highlighted the significance of the expansion.

“Today marks a significant milestone in our long-term strategic investment in Jeddah Islamic Port. This expansion builds on our 25-year legacy in Jeddah and reinforces our commitment to driving trade growth in the region. With this modernised terminal, we are enhancing efficiency, improving supply chain resilience and creating new trade opportunities for the Kingdom and beyond for decades to come,” said Sulayem.

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