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DP World CEO visits Medina and Ikea facilities at Caucedo Logistics Center

The CEO of DP World, the fourth largest operator of port terminals around the world, Sultan Ahmed bin Sulayem visited President Danilo Medina at the Presidential Palace on 10 October 2017. DP World operates the Punta Caucedo Multimodal Port, the most important in the country.

The Presidency reported that the visiting executive expressed his intention to continue investing in the Dominican Republic. He expressed that more and more, a presence for companies in the Dominican Republic will not be a choice but a necessity for those who want to grow their business.

As reported, the Sultan said the plan for DP World in Caucedo is to develop a port that is more than a transshipment point. He said that in July of this year, Ikea became the first multinational to set up a logistic hub at the Caucedo Logistics Center at the Caucedo Multimodal Port. Ikea opened the hub based on the strategic geographic location and the expedited customs procedures in the country.

Ikea is planning to enter South America in its quest to dominate the world’s home furnishings market, Bloomberg recently reported. Chile, Colombia, Mexico and Peru are among the first countries Ikea may enter in Latin America, Inter Ikea Chief Executive Officer Torbjorn Loof told Bloomberg. So far the only full Ikea store in the Latin American and Caribbean region is in Santo Domingo, Dominican Republic.

During the visit to President Medina, the Sultan was accompanied by Samuel Conde, president of Multimodal Caucedo and Morten Johansen, DP World local general manager. Also, participating in the meeting were Luisa Fernández, executive director of the National Free Zone Council and Enrique Ramírez, director of the Customs Agency (DGA).

The sultan had been in the Dominican Republic in October 2015 for the opening of the Caucedo Logistics Center at the Caucedo Multimodal Port.

Source: DR1, Listindiario

Oct 11, 2017

Category: DR News |

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Last updated December 17, 2017 at 1:23 AM
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