DP World, a Dubai-based global port operator, announced that it has expanded its business in Peru into a fully-integrated maritime and logistics operation.\r\nIt has completed the development of the first phase of the deepwater port of Posorja in Ecuador for around $538 million. The whole project is estimated to cost around $1.2 billion.\r\nThe development of the port by DP World will make Ecuador a trade and logistics hub for South America\u2019s west coast. It will also see large container ships with capabilities exceeding 10, 000 twenty-foot equivalent (teu) arriving at the port of Posorja.\r\nSultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, visited Peru\u2019s chief port \u2013 the Port of Callao - to assess progress of the project.\r\n\u201cOur operations in Peru show in action DP World\u2019s strategy of enabling smarter global trade,\u201d said Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World. \u201cWe run ports, logistics hubs, trucking companies and maritime services providing our customers in Peru with seamless services at every stage of the supply chain.\u201d\r\n\u201cPeru is an optimum illustration of how we are applying around the world the know-how learned at Jebel Ali Port and JAFZA in Dubai. It is a benchmark of what we aim to achieve bringing greater prosperity to the countries in which we work, and to the UAE,\u201d the Group Chairman added.\r\nSince building the greenfield Port of Callao, DP World has increased its investment in Peru. The company acquired Cosmos Agencia Maritima S.A.C. (CAM), which offers maritime services.\r\nReach into Peru was extended when DP World bought Neptunia S.A and Triton Transport S.A, which run logistics hubs, warehouses, bonded storage and trucking. The integrated platform of supply chain services supports customers doing business in Peru and beyond.\r\nAs a result, DP World Callao acts as undisputed Gateway for Peru\u2019s import and export container traffic, as well as a chief point for regional trans shipments. The integration has equipped DP World to turn Peru into a trade hub for the Latin America region.\r\nIn the first half of 201, DP World handled 35.8 million TEU (Twenty-Foot Equivalent Units) across its global portfolio of container terminals, with gross container volumes growing by 0.5% year-on-year on a reported basis and 0.5% on a like-for-like basis.\r\n\u201cTrade is a driver of economic growth for Latin America and for countries all over the world, and this where we add value in our role at DP World as a global trade enabler,\u201d Bin Sulayem added.\r\nDP World has become a major player in the Americas with a network of terminals in Peru, Argentina, Ecuador, Chile, Brazil, Dominican Republic, Suriname and Canada. DP World\u2019s operations in the Americas remain committed to play a central role in enabling global trade, and targeting a broader strategy to expand operations across the supply chain, as exhibited in Peru.