DP World announced that it will invest $50 million to develop a new logistics center in Busan New Port. This investment aims to strengthen the port's position as a logistics hub for Northeast Asia.
Terminal operator DP World announced a $50 million investment to develop a new logistics center at Busan New Port, strengthening the port's position as a logistics hub for Northeast Asia.
The construction of the facility on 75.000 m2 land is planned to start at the end of 2024 and operations are expected to begin in the second quarter of 2026. DP World Busan Logistics Center (BLC) will have a processing capacity of approximately 80.000 teu of raw materials.
Glen Hilton, CEO of DP World Asia Pacific, said: “DP World Busan Logistics Center will strengthen Busan New Port's position as a key supply chain hub for Asia Pacific, enabling local and international businesses to seize the expanding opportunity in Asia Pacific. ”