March 20, 2017 / 6:39 AM / a year ago

DP World bullish on emerging markets, undeterred by Trump

DUBAI, March 20 (Reuters) - DP World, an operator of ports from Algeria to Peru, remains bullish on fast-growing markets in Africa, Asia and Latin America, undeterred by U.S. President Donald Trump’s pursuit of protectionist policies.

The state-controlled firm will spend $1.2 billion this year, adding capacity at its flagship Jebel Ali port in Dubai and in ports in China, Senegal, Somaliland, Canada and the United Kingdom.

“We see some good times,” Chairman Sultan Ahmed Bin Sulayem told reporters on a media call on Monday.

The firm earlier reported a 27.6 percent increase in full-year profit to $1.13 billion for 2016. (Editing by Amrutha Gayathri)

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