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MarketScreener Homepage  >  Equities  >  DUBAI INTERNATIONAL FINANCIAL EXCHANGE LTD.  >  DP World Ltd    DPW   AEDFXA0M6V00

DP WORLD LTD (DPW)
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DP World : Dubai is set to house Middle East's largest distributed solar rooftop

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06/06/2018 | 10:09am EST

The UAE's first green storage and warehouse facilities have been launched in Dubai, with plans also revealed for the construction of the Middle East's largest distributed solar rooftop project.

According to Construction Week, DP World, the operator of Jebel Ali Free Zone (Jafza), will develop the latter project as part of its Solar Programme.

The largest distributed solar rooftop project in the Middle East will be constructed by DP World as part of its programme.

Additionally, 88,000 rooftop solar panels will be installed on DP World’s Dubai facilities. It is estimated that the panels will produce enough clean power for 3,000 homes a year.

Some of Jafza's cool storage facilities are now running entirely on solar energy, while some other warehouses will be part of the Solar Programme that is to be rolled out in the years to come.

The port operator said its initiative is aligned with United Nation’s ninth Sustainable Development Goal (SDG) to "build resilient infrastructure, promote sustainable industrialisation, and foster innovation".

Commenting on these investments, Sultan Ahmed Bin Sulayem, group chairman and chief executive officer of DPWorld, said: "Building green infrastructure allows us to reduce carbon footprint in our facilities.

"By investing in these projects, we also encourage the development of new skills, driving economic growth, and job creation."

(c) 2018 ITP Business Publishing Ltd. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2018 5 337 M
EBIT 2018 1 825 M
Net income 2018 1 217 M
Debt 2018 7 051 M
Yield 2018 2,61%
P/E ratio 2018 11,34
P/E ratio 2019 10,28
EV / Sales 2018 3,87x
EV / Sales 2019 3,36x
Capitalization 13 604 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 23,9 $
Spread / Average Target 46%
EPS Revisions
Managers
NameTitle
Sultan Ahmed Sultan bin Sulayem Group Chairman & Chief Executive Officer
Yuvraj Narayan Group Chief Financial Officer & Executive Director
Chin Seng Teo Senior Vice President-Information Technology
Deepak Shantilal Parekh Senior Independent Non-Executive Director
Robert Barclay Woods Independent Non-Executive Director
Sector and Competitors