DP World and Evyap Group have successfully completed a strategic merger, integrating the strengths of two significant ports on the Marmara Sea to create a new international logistics hub, DP World Evyap. This merger is set to enhance Türkiye's pivotal role in global trade by establishing a more robust and efficient logistics network.
The merger received the green light from the Turkish Competition Authority, marking a significant milestone in the formation of DP World Evyap. Under this new entity, DP World assumes a 58% stake in Evyapport, while Evyap Group holds a 42% share of DP World Yarımca. As part of the rebranding, the ports will be renamed DP World Evyap Yarımca and DP World Evyap Körfez, respectively.
DP World Evyap is designed to meet the growing demand for sophisticated logistics in the region, boost Türkiye’s export and import volumes, and foster the growth of new sectors. The merger will provide a combined 2088 meters of berthing space, allowing multiple ultra-large container vessels to dock simultaneously at both terminals. The total annual container handling capacity will exceed 2 million TEUs, with expanded operations including project and heavy lift cargo services.
The new entity will benefit from advanced road and rail links, ensuring expedited turnaround times. A team of over 900 logistics experts will optimize cargo journeys, leveraging DP World’s extensive experience in container handling, customs brokerage, and bonded warehouse services, alongside Evyapport’s expertise in container, liquid bulk, and general cargo operations.
DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, highlighted the strategic significance of the merger, stating,
DP World’s vision is to lead global trade to a stronger, more efficient, and sustainable future. Our strategic partnership with Evyapport advances this strategy in Türkiye, one of our most important markets. We’re delighted to bring enhanced end-to-end solutions to our customers and the many benefits in speed and efficiency of this union. We look forward to further developing the services of DP World Evyap.
Kris Adams, CEO of DP World Türkiye, echoed this sentiment, saying,
This is an exciting partnership that will bring significant economic benefits to Türkiye and the wider region. DP World Evyap’s combination of the respective strengths of our existing infrastructures will provide our customers with a powerful new service offering at the heart of this increasingly important region for global trade.
Mehmed Evyap, founder and CEO of Evyap Holding, added,
This partnership combines the global expertise of DP World and the local knowledge of Evyapport, strengthening our presence in the port sector as we expand our investments. The new company will shorten operation times, increase service diversity, and add value to our customers and Türkiye's trade with efficiencies achieved across the two partnership terminals.
This merger positions DP World Evyap as a key player in the region’s logistics landscape, promising to significantly enhance Türkiye’s role in international trade.
News Source: Dubai Media Office
