Frozen out of the United States, Dubai Ports World executive Sultan Ahmed bin Sulayem said the company would redouble efforts to acquire and build assets in China and India to meet its ambitious goal to double the current volume of containers it handles by 2016.
The company aims to double its annual handling capacity to 84 million TEUs that year, bin Sulayem said in an interview with the Economic Times. Currently, the company operates 42 terminals in 22 countries, ranking behind PSA International and Hutchison Port Holdings.
The doubling is going to come from acquisitions and managing new ports, which is already happening, and we have others in the pipeline, he said.