DP World and Evyap Group have completed a strategic merger, combining the strengths of two major ports on the Marmara Sea to create a new international logistics hub that will enhance Türkiye's pivotal role in global trade.
In a statement, DP World said the completion follows regulatory approval from the Turkish Competition Authority.
"The newly formed entity, DP World Evyap, sees DP World assuming a 58% stake in Evyapport, while Evyap Group secures a 42% share of DP World Yarımca. The rebranding will introduce 'DP World Evyap Yarımca' and 'DP World Evyap Körfez' as the new names for these key maritime gateways," the announcement said.
DP World Evyap will help meet the increasing demand for sophisticated logistics in the region, boost Türkiye's export and import volumes, open up the growth of new sectors and strengthen the country’s growing status as a major hub in international supply chains.
The announcement noted that the merger will produce a combined 2088 metres of berthing space and allow more than one ultra-large container vessel to be berthed simultaneously at both terminals.
Total annual container handling capacity will also exceed 2 million TEUs, and the integrated operation will expand to include project and heavy-lift cargo services.
Moreover, DP World Evyap will have access to advanced road and rail links and expedited turnaround times.
The announcement said, "The synergy of DP World's extensive experience in container handling, customs brokerage, and bonded warehouse services with Evyapport's expertise in container, liquid bulk, and general cargo operations is poised to offer unparalleled service."
It added that this suite of solutions positions DP World Evyap as a "key player" in the region's sophisticated logistics landscape, promising to boost Türkiye’s export and import volumes and catalyze the growth of new industries.
"DP World's vision is to lead global trade to a stronger, more efficient and sustainable future. Our strategic partnership with Evyapport advances this strategy in Türkiye, one of our most important markets," said Sultan Ahmed bin Sulayem, chairman and CEO of DP World.
"We're delighted to bring enhanced end-to-end solutions to our customers and the many benefits in speed and efficiency of this union. We look forward to further developing the services of DP World Evyap," he added.
Kris Adams, CEO of DP World Türkiye, noted that the partnership will bring significant economic benefits to Türkiye and the wider region.
"DP World Evyap's combination of the respective strengths of our existing infrastructures will provide our customers with a powerful new service offering at the heart of this increasingly important region for global trade," Adams said.
Mehmed Evyap, founder and CEO of Evyap Holding, for his part, noted that this partnership combines DP World's global expertise with Evyapport's local knowledge and strengthens our presence in the port sector as we expand our investments in this field.
"The new company will shorten operation times, increase service diversity and add value to our customers and Türkiye's trade with efficiencies achieved across the two partnership terminals," Evyap added.