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DP World unlocks $1bln to reshape global trade finance

DP World unlocks $1bln to reshape global trade finance

Zawya5 days ago
DP World has announced that it has achieved a major milestone with its key unit - DP World Trade Finance - mobilising over $1 billion in working capital for businesses across emerging markets, thus helping close the global trade finance gap and keeping goods moving through some of the world's most challenging economic environments.
This feat was achieved through a combination of DP World's own lending operations and partnerships with more than 32 financial institutions globally - including JP Morgan, Standard Bank, NedBank and more.
Their financing solutions, delivered alongside DP World's logistics capabilities, have helped reduce risk and improve access to capital for underserved businesses of all sizes, thus lowering barriers to international trade, said DP World in a statement.
The global trade finance gap, estimated at $2.5 trillion, continues to limit opportunities for businesses in developing economies, particularly those without access to traditional financing due to limited credit histories, lack of collateral, or weaker balance sheets that classify them as high risk.
By combining trade finance with logistics, DP World offers businesses both funding and real-time visibility into their supply chains, it stated.
This integrated model helps lenders make faster, more informed decisions - unlocking capital where it's needed most. The portfolio that DP World Trade Finance handles has also proven to create an very healthy loan book with high quality assets, way better than the industry benchmarks, further reinforcing the effectiveness of this data-driven, integrated approach, said the statement.
To date, DP World Trade Finance has enabled trade across Africa, the Americas, Asia, and Europe, supporting sectors including agriculture, metals, automotive, and engineering, it added.
On its key achievement, Group Chairman and CEO of DP World, Sultan Ahmed Bin Sulayem said: "The growth of our trade finance business underscores the UAE's role as a catalyst for global trade. By making capital more accessible, particularly in high-potential markets, we are shaping a trade system that is more inclusive and resilient."
Sinan Ozcan, the Senior Executive Officer, DP World Trade Finance, said: "Cross-border trade is the engine of global economic growth, but access to affordable finance remains a critical barrier for many businesses, especially SMEs in emerging markets."
"Reaching this $1 billion milestone reflects our commitment to changing that. Through DP World Trade Finance, we've created a network that connects businesses with capital, streamlines the financing process and enables trade to flow more consistently on a global scale," he added. -TradeArabia News Service
Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).
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