DP World highlighted the Dominican Republic’s advantages, including cost-competitive operations, attractive tax incentives, proximity to U.S. markets, and duty-free access. These factors make the country an appealing hub for manufacturers and logistics providers seeking nearshoring opportunities.
Morten Johansen, chief operating officer of DP World Americas, stated: “This is a transformative investment, not just in infrastructure, but in the future of the Dominican economy. The expansion is expected to generate billions in foreign direct investment, create thousands of new jobs, and solidify the Dominican Republic’s position as a premier destination for nearshoring and global trade.”
The expansion will increase the Port of Caucedo’s container handling capacity from 2.5 million TEU to approximately 3.1 million TEU. Additionally, DP World will develop 555 acres of land into a free trade zone, fostering economic growth and trade efficiency. The project is expected to attract significant foreign investment and create numerous employment opportunities, strengthening the Dominican Republic’s position in global supply chains.
The initiative aligns with the country’s efforts to enhance its logistics and manufacturing sectors, leveraging its strategic location in Latin America. By upgrading the port’s capacity and expanding the free trade zone, DP World aims to facilitate smoother trade flows and support businesses looking to capitalize on the Dominican Republic’s market access advantages.
This investment underscores DP World’s commitment to modernizing port infrastructure and promoting sustainable economic development in the region. The expanded Port of Caucedo is poised to play a pivotal role in connecting Latin America to global markets, driving economic benefits for the Dominican Republic and its trading partners.
