DP World and Anglo American seek to expand operations in Peru, says government

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Finance

Posted By Global Banking and Finance Review

Posted on January 22, 2025

DP World and Anglo American seek to expand operations in Peru, says government

LIMA (Reuters) - Dubai's DP World and global miner Anglo American are looking to expand their operations in Peru, the government said on Wednesday, adding that DP World had indicated it could invest $1 billion.

Port and logistics firm DP World would use the funds to expand its port infrastructure in the Andean country, the presidential office said in a message on X, adding that would boost "agro-exports and employment, as well as strengthen Peru's position as the region's logistics hub."

The investment announcement was made by the CEO of DP World, Sultan Ahmed bin Sulayem, after a meeting with Peruvian President Dina Boluarte on the sidelines of the World Economic Forum in Davos, Switzerland, the post said.

DP World's offices in Lima and Dubai did not immediately respond to requests for comment.

The company operates the Callao port terminal, the largest in the country, located on the central coast.

Miner Anglo American also expressed interest in broadening its investment in the Quellaveco copper project during a meeting with Boluarte in Davos, the presidential office said in a separate post on X.

An Anglo American spokesperson in Peru did not immediately respond to a request for comment.

(Reporting by Marco Aquino; Aditional Reporting by Aida Pelaez-Fernandez; Editing by Kirsten Donovan)

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