DP World has revealed a new $405m investment hot on the heels of ditching its operating contract in Indonesia.

The Dubai-based company has splashed out $225m to acquire Drydocks World and another $180m to take full control of Dubai Maritime City (DMC).

With the latest two additions, DP World’s portfolio will expand and include a shiprepair yard in the Middle East and a world-class maritime service facility and industrial business zone.