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ISTANBUL (Reuters) – Port management plans to increase its docking capacity by 30% in Yarmika port, Turkey, by investing 50 million dollars by the second quarter of 2020 announced its managing director, Chris Adams.
Addressing reporters in Istanbul, Adams said DP World was also looking to acquire other Turkish badets, but was expecting the right price.
"We will be willing to consider acquisitions in the Turkish market if opportunities arise.
"There are local actors ready to leave the area, but their complications are still very important, it does not work in the current environment."
According to the company's website, DP World Yarmica, which represents an investment of about $ 550 million, is one of the largest container ports in the Gulf of Izmit, in the region of Qogah Eli, in the north-west of the country.
(Reuters)
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