Dubai’s DP World maritime services company reports large profit losses for 2020
The Dubai-based company, which is owned by the UAE government, was heavily affected by the COVID-19 pandemic, as were other sectors of the Emirati and Gulf economies.
The Emirati state-owned port operator DP World reported major profit losses for 2020.
The Dubai-based maritime and logistics giant’s profits dropped 29% to around $846 million last year. At the end of 2019, the profits were more than $1.18 billion, according to DP World’s annual report.
