Dubai DP World and Evyap Group merge port operations to boost Turkish trade

This merger, approved by the Turkish Competition Authority, forms DP World Evyap, the company announced Friday. With the merger, DP World will hold a 58 percent stake in Evyapport, while Evyap Group has a 42 percent share in DP World Yarımca. The merger aims to position Turkey as a critical logistics hub, enhancing its role in global trade by streamlining operations and improving connectivity to international markets.

By combining DP World’s global network and technological expertise with Evyap Group’s established local infrastructure, the new entity aims to create a seamless and efficient logistics operation.

Key Details of the Merger:

Partners Involved:

DP World: A global leader in logistics and port terminal operations, DP World manages a vast portfolio of ports, terminals, and maritime services worldwide.

Evyap Group: A prominent Turkish industrial conglomerate with diverse interests, including logistics, energy, and consumer goods, Evyap Group operates one of Turkey's most crucial private ports.

The merger focuses on integrating DP World's extensive global network and cutting-edge technology with Evyap Group's established port infrastructure and local market knowledge. This combination is expected to enhance operational efficiency, expand capacity, and improve service offerings.

Objectives and Benefits:

Boosting Turkish Trade:

The merger aims to significantly enhance Turkey's trade volume by streamlining port operations and improving connectivity to international markets. Enhanced port efficiency and expanded capacity will facilitate smoother and faster handling of cargo, boosting export and import activities.

Economic Growth:

By improving logistics and trade infrastructure, the merger is expected to contribute to Turkey's economic growth. Enhanced port operations will attract more shipping lines, increase cargo throughput, and create new business opportunities, ultimately supporting the national economy.

Technological Advancements:

DP World's expertise in deploying advanced technologies, such as automation, smart logistics solutions, and digital platforms, will be integrated into Evyap Port. This technological upgrade will optimize port operations, reduce turnaround times, and enhance overall productivity.

Employment Opportunities:

The merger is poised to create new job opportunities in the logistics and maritime sectors. The expansion of port activities and the introduction of advanced technologies will require skilled labor, contributing to job creation and workforce development.

Strategic Importance:

Geopolitical Significance:

Turkey's strategic location as a bridge between Europe and Asia makes it a critical hub for international trade. The merger strengthens Turkey's position as a key player in global logistics, enhancing its role in regional and international trade networks.

Enhanced Connectivity:

The integration of DP World's global network with Evyap Port will improve connectivity to major trade routes, including the Mediterranean, Black Sea, and the Middle East. This enhanced connectivity will provide Turkish businesses with greater access to international markets and supply chains.

Future Outlook:

The merger between DP World and Evyap Group marks a significant milestone in the development of Turkey's port and logistics sector. With a shared vision of enhancing trade and economic growth, both companies are poised to drive substantial improvements in port operations and services.

As the merged entity begins to implement its strategic plans, stakeholders can expect increased efficiency, expanded capacity, and improved connectivity. This collaboration sets the stage for Turkey to become an even more vital player in global trade, benefiting businesses, consumers, and the economy at large.