DP World to Invest Over USD 1bn in India

first_imgzoom Dubai’s port operator DP World is seeking  investment opportunities in India worth over USD 1bn over the next few years, the group said. DP World has already invested capital of USD 1.2bn and is currently the only foreign operator with six port concessions in the country with approximately 30% market share.The DP World investments could cover expansion in brownfield container terminals, long term greenfield container concessions, inland container depots (ICDs) as well as expansion of existing inter-modal rail services for rolling stock.The announcement was made during a visit to New Delhi and Mumbai by Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, who jointly inaugurated the new 330-metre berth at Nhava Shev Gateway Terminal at Jawaharlal Nehru Port.“Being one of the strongest emerging economies in the world, India offers immense potential for growth in the maritime sector. With Nhava Sheva (India) Gateway Terminal, the new 330-metre berth, DP World will contribute even more to India’s growth offering our customers the ability to grow and expand their business,” said Sultan Bin Sulayem.Dubai’s non-oil foreign trade with India has seen a striking 144 per cent growth from 2004 to 2014. By the end of 2014, trade between the two countries amounted to AED 109.34 billion, compared to AED 44.87 billion in 2004. India was Dubai’s second largest trading partner in 2015, with bilateral trade of AED 73.86 billion during the first nine months of 2015.last_img read more

Portraits Reunited At Uniacke Estate Museum Park

first_imgTwo portraits, strongly linked with the history of Nova Scotia, were reunited on Sunday, May 29, during a celebration at Uniacke Estate Museum Park in Mount Uniacke. The event welcomed home the portrait of Susanna Francklin, the wife of one of Nova Scotia’s early political figures, Michael Francklin — lieutenant-governor of the province in the late 1700s. The 240-year-old painting was installed at Uniacke House, next to a portrait of her husband. The portrait is a recent addition to the Nova Scotia Museum collection. Painted about 1762 by John Singleton Copley — a well-known American colonial portrait painter — Susanna’s portrait first arrived in Nova Scotia just after its creation. For many years it was displayed at Uniacke House. It remained in the province until 1927, when the portrait was relocated to Europe. The purchase was co-funded by the Nova Scotia Museum board of governors, through its endowment fund, and Canadian Heritage, through a Movable Cultural Property grant. The grant was provided by the Minister of Canadian Heritage, under the terms of the Cultural Property Export and Import Act. “I am pleased that the government of Canada supports heritage activities in Nova Scotia,” said Scott Brison, Minister of Public Works and Government Services, on behalf of the Minister of Canadian Heritage, Liza Frulla. “This portrait is a wonderful addition to the Uniacke Estate here in Hants County.” “We are delighted to have been a part of facilitating this reunion,” said Lloyd Newman, vice-chair of the Nova Scotia Museum board of governors. “To be able to help repatriate the portrait of Susanna and see it returned to its place in Uniacke House has been an honour for the board of governors.” Michael and Susanna Francklin married in Boston in 1762, and moved to Nova Scotia where they spent the rest of their lives. Michael Francklin’s portrait was purchased by the Nova Scotia Museum in 1982, also with the assistance of Canadian Heritage. Portraits of Susanna Francklin’s parents, the Boutineaus, are also on display at Uniacke House. Together, the artworks form a significant Canadian collection of American colonial portrait paintings. Uniacke Estate Museum Park opens to the public on June 1. The museum will be open daily until Oct. 15.last_img read more