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DP World and Anglo American seek to expand operations in Peru, states government

Dubai's DP World and worldwide miner Anglo American are wanting to expand their operations in Peru, the federal government stated on Wednesday, including that DP World had suggested it could invest $1 billion.

Port and logistics company DP World would use the funds to expand its port infrastructure in the Andean nation, the governmental workplace stated in a message on X, including that would increase agro-exports and employment, along with reinforce Peru's. position as the region's logistics hub.

The financial investment announcement was made by the CEO of DP World,. Sultan Ahmed bin Sulayem, after a conference with Peruvian. President Dina Boluarte on the sidelines of the World Economic. Online forum in Davos, Switzerland, the post said.

DP World's workplaces in Lima and Dubai did not instantly. react to ask for comment.

The business runs the Callao port terminal, the biggest. in the nation, situated on the central coast.

Miner Anglo American also expressed interest in broadening. its financial investment in the Quellaveco copper project during a meeting. with Boluarte in Davos, the presidential office stated in a. different post on X.

An Anglo American spokesperson in Peru did not immediately. react to an ask for comment.

(source: Reuters)