Dubai’s DP World Talks Alliance With Northern Canada Port

Dubai’s DP World unveiled a deal backing potential development of Canada’s port of Churchill, a northern outpost that Prime Minister Mark Carney aims to expand for exports to Europe and other markets.

The global port operator has negotiated a memorandum of understanding with two Canadian entities, including Arctic Gateway Group, the owner and operator of the Churchill port and an associated railway, it said in a statement, confirming an earlier report by Bloomberg News.

The agreement focuses on port operations and a possible transportation corridor to link Churchill with DP World’s global logistics network and inland port facilities managed by CentrePort Canada Inc.

Churchill is a remote town in the north of the Canadian province of Manitoba. It sits on Hudson Bay, which connects to the Atlantic Ocean via Arctic waterways. Its location means it could someday become a gateway to ship Canadian resources like liquefied natural gas, grain, potash and other critical minerals to customers in the Middle East and Europe.

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