Progress on London Gateway development

Port operator DP World welcomed the communication. According to its chairman, Sultan Ahmed Bin Sulayem, London Gateway is unique because of its scale and location. “It involves the construction of a world-class port and the UK’s largest logistics and business park – all on a brownfield site within close proximity to London and the major markets in the South East,” he remarked.

London Gateway Port and Park will be developed at Shell Haven, a 1,500 acre site in Thurrock. DP World has estimated the cost of development on the site at approximately £1.5bn (nearly US$3bn) over a 10- to 15-year timeframe.

According to Mohammed Sharaf, DP World’s CEO, London Gateway was a compelling factor in the company’s acquisition of P&O. “DP World has significant global experience of precisely this type of development, and of this size and scale,” he explained. ” We are ideally placed to ensure the success of the projects, and to deliver the benefits to our customers, businesses in the UK and to the local community.”