[1/2] General view of a stock yard of DP World's fully automated Terminal 2 at Jebel Ali Port in Dubai, United Arab Emirates, December 27, 2018. REUTERS/ Hamad I Mohammed Acquire Licensing RightsNEW DELHI, Aug 25 (Reuters) - Dubai-owned ports giant DP World [RIC:RIC:DPWRD.UL] will invest around $510 million to build a new container terminal at the Kandla port in the Indian state of Gujarat, its group chairman said on Friday. DP world, which operates in 73 countries, last week reported a nearly 10% fall in first-half profit to $651 million despite a 13.9% year-on-year rise in revenue to more than $9 billion. The new terminal will take the combined capacity to 8.19 million TEUs, a company statement said. DP World’s Indian port and terminal investments are aligned with the country's Vision 2047, which aims to quadruple port handling capacity and develop logistics infrastructure to boost economic growth, the statement said.

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Persons: Hamad, Mohammed, Sultan Ahmed Bin Sulayem, Manoj Kumar, Kirsten Donovan Organizations: United Arab Emirates, REUTERS, DELHI, Deendayal Port Authority, DP, Hindustan Infralog Private, National Investment, Infrastructure Fund, Thomson Locations: Jebel Ali Port, Dubai, United Arab, Indian, Gujarat, India, Deendayal, Hindustan, Mumbai, Mundra, Cochin, Chennai