DP World has signed a significant $760 million Memorandum of Understanding with the Dominican Republic to enhance the Port of Caucedo and its Free Trade Zone, aiming to position the country as a key manufacturing and logistics center in the Americas. This agreement will increase the port’s capacity from 2.5 million to approximately 3.1 million TEUs and develop 225 hectares for the Free Trade Zone. The investment will generate substantial foreign direct investment, create thousands of jobs, and strengthen the Dominican Republic’s trade capabilities, leveraging its proximity to U.S. markets and attractive tax incentives.

Source: https://www.freightweek.org/index.php/en/latest-news/9142-dp-world-signs-mou-with-the-government-of-the-dominican-republic