18/06/2026 02:25 AST

Dubai-based logistics giant DP World has entered exclusive negotiations for a long-term lease to develop and operate a container terminal at the Port of Corpus Christi in Texas, a move that would mark its first container terminal on the US Gulf Coast.

According to a press release, the agreement, announced on June 16, would see DP World design, build, and operate a new container terminal at one of the nation's busiest ports by tonnage.

The port authority said the terminal would expand containerized cargo capabilities, strengthen supply chain connectivity, and support long-term job creation across South Texas.

The move aligns with the broader ambitions of Dubai and the UAE to strengthen their position as global trade and logistics hubs. DP World, which is owned by Dubai World, the investment holding company of the Dubai government, is at the center of the emirate's strategy to expand its infrastructure footprint across key international trade corridors.

Brian Enright, CEO of DP World in the Americas, said: "The US Gulf Coast is one of the nation's most important trade and economic corridors, and demand for efficient, resilient port infrastructure continues to grow."

He added: "The Port of Corpus Christi presents a significant opportunity to expand container capacity, strengthen supply chain connectivity, and create new pathways for American businesses to access global markets."

DP World handles about 10 percent of global container trade annually through a network of more than 60 ports and terminals worldwide. The company said it would work closely with local labor and workforce partners to support terminal operations and long-term job creation in the region.

The Port of Corpus Christi is a major gateway for US energy, agricultural, and industrial exports. The introduction of container capabilities would diversify its cargo operations and open new opportunities for regional businesses across South Texas.

Port CEO Kent Britton pointed to last year's completion of the Corpus Christi Ship Channel Improvement Project as a catalyst for the deal.

"Completion of the landmark Corpus Christi Ship Channel Improvement Project in June 2025 - thanks largely to investments by the federal government - has unlocked the potential for existing port customers to meet evolving demands of the global marketplace while spurring additional cargo diversification," he said, adding that DP World's global expertise in terminal operations and integrated logistics makes it "a strong partner" as the port explores the development of container services.

The exclusive negotiation period will focus on terminal design, capacity planning, and investment structure.


Arab News

Ticker Price Volume
Bahrain's CBB keeps overnight interest rate unchanged at 4.25%

18/06/2026

The Central Bank of Bahrain (CBB) has announced its decision to maintain the overnight deposit interest rate unchanged at 4.25%.

This decision comes as part of the review conducted by the CB

Trade Arabia

UAE debuts IPO-style sovereign retail sukuk scheme

18/06/2026

The UAE's Ministry of Finance has launched its first sovereign retail sukuk programme, offering individual investors access to government-backed Islamic investment instruments through a public subscr

Trade Arabia

Bahrain powers into Mena's Top 5 startup ecosystems

18/06/2026

The Kingdom of Bahrain has achieved strong rankings across several key indicators in the Global Startup Ecosystem Report (GSER) 2026 with the country's startup ecosystem generating $1.6 billion in Ec

Trade Arabia

Top class international tennis hub to come up in Qiddiya City

18/06/2026

Qiddiya Investment Company is setting up a world-class centre for international tennis in Saudi Arabia that will be future hub for elite international competition. The new National Tennis Centre adds

Trade Arabia

CBO announces zero-fee policy for local digital transactions starting July 2026

18/06/2026

Central Bank of Oman (CBO) has officially introduced significant reforms to the national payment systems, aimed at enhancing efficiency and stimulating economic growth. In alignment with Royal Direct

Muscat Daily