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

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DP World : opens UAE’s first green storage, warehouse facilities

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06/06/2018 | 02:45pm CET

DP World’s Jebel Ali Free Zone, Jafza, has launched the UAE’s first green storage and warehouse facilities in Dubai.

The project, according to the firm, is aimed at helping business to reduce their carbon footprint. It supports the UAE Vision 2021 for a sustainable environment and includes construction of the largest distributed solar rooftop project in the Middle East, with the installation of 88,000 rooftop solar panels on DP World’s Dubai facilities. It is estimated that the panels will produce enough clean power for 3,000 homes a year.

While some cool storage facilities are now running entirely on solar energy, an increasing number of other Jafza warehouses will become more energy efficient as DP World’s Solar Programme is rolled out over the coming years.

Sultan Ahmed Bin Sulayem, DP World Group Chairman and CEO, said, “Corporate citizenship is part of the fabric of society today and it will play a major part in our future. 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.

“Our experience and studies have shown that a mindset to conserve and the development of sustainable business practices enables efficient operation. This streamlines effort and saves resources, which enhances employee productivity and reduces cost. It a win-win for all.”

DP World’s Solar Programme also contributes to energy diversification in the region as part of Dubai’s Integrated Energy Strategy 2030, which seeks to reduce energy demand by 30 percent by 2030.

DP World has been reporting results across its portfolio in 40 countries, monitoring energy use, making terminal operations more efficient, embracing renewable energy projects and investing in low-carbon technologies.

The post DP World opens UAE’s first green storage, warehouse facilities appeared first on Tahawul Tech.

(c) 2018 Corporate Publishing International. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2018 5 324 M
EBIT 2018 1 802 M
Net income 2018 1 174 M
Debt 2018 7 225 M
Yield 2018 2,61%
P/E ratio 2018 11,79
P/E ratio 2019 11,01
EV / Sales 2018 3,91x
EV / Sales 2019 3,38x
Capitalization 13 587 M
Duration : Period :
DP World Ltd Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 24,0 $
Spread / Average Target 47%
EPS Revisions
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
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