Feature, Freight News, Logistics, Rail, Sea

DP World to invest €130m in Romania

[ May 15, 2024   //   ]

DP World is making a €130m investment in its Romania’ logistics infrastructure. It includes a new eight-acre, €21m intermodal logistics hub at Aiud, in the industrial heartland and new project cargo and ro ro terminals in Constanta, the largest container port on the Black Sea, where a new €50 million multimodal platform will be added next year. The new ro ro facility will eventually have a capacity of 80,000 vehicles per year

On completion, DP World will have invested over €250 million in Romania since 2004, including grants from the European Union.

The new facilities will enhance the movement of goods between mainland Europe through to the Black, North and Adriatic Seas and will encourage and enable nearshoring and reshoring in Europe as well as aid the expansion of the automotive sector in the region, says DP World.

DP World is marking the 20th anniversary of its investment in Romania; which has grown to be Eastern Europe’s second-largest economy after Poland. It anticipates that its latest investments will encourage other major businesses to relocate or expand manufacturing facilities in the region.

An example of nearshoring is  in automotive manufacturing, which already makes up 13% of Romanian GDP, with Mercedes-Benz, Renault-owned Dacia and Ford all manufacturing in the country. Automotive firms are also increasingly investing in neighbouring Hungary and Poland and nearby Turkey.

DP World Europe managing director, Rashid Abdulla, said: “Romania is a dynamic economy and well positioned to benefit from the rise in nearshoring and manufacturing. DP World looks forward to building on our long-standing relationship with Romania, and to deploying our latest investments to support Romania as it plays an increasingly important role in trade and economic growth in the region.”  

Chief executive of DP World Romania, Cosmin Carstea, added: “DP World’s latest investments in Romania will increase the cargo flows by around two million tonnes per annum through the country. We believe that with this investment, DP World in Constanta will significantly strengthen its position as one of the most important container and ro ro hubs in Central and Eastern Europe. To aid this, we also plan to open a centre of excellence for services in the Balkans, to facilitate trade for the countries around Romania.”