DP World CEO Is Bullish About Africa and Sees Growth in India

DP world
A straddle carrier moves shipping containers around the dockside at the container terminal operated by DP World Ltd., at the Port of Southampton, in Southampton, U.K., on Wednesday, Nov. 2, 2016. Export optimism in the U.K. has risen to the highest in two-and-a-half years thanks to the pound's depreciation since the Brexit vote, according to the Confederation of British Industry. Photographer: Simon Dawson/Bloomberg

(Bloomberg) — DP World Ltd. sees growth opportunities in Africa and India, according to Chief Executive Officer Sultan Ahmed bin Sulayem.

“I’m very bullish about Africa,” bin Sulayem said in a Bloomberg TV interview at the World Economic Forum in Davos. “Look at Egypt, for example. With good policies, with sound policies. There is growth. That mirrors our expansion.”

The Dubai-based ports operator doubled its capacity at Egypt’s Sokhna port and opened a dry port that will allow Rwanda to become a hub for cargo, he said.

When asked about recent tensions in the Middle East, he said: “It’s not something permanent. It’s something that happens, and everybody gets excited, but people move on.”