Dubai Ports World (DPW), the world's third largest port operator, announced on June 13 of local time that it will invest US $500 million in Tianjin Municipality to build container terminal to expand its investment in China.

DPW have six ports in China, with a total handling capacity reaching 11 million TEUs (20-foot equivalent container units)

On June 13 of local time, Huang Xingguo, vice mayor of Tianjin, signed a letter of intent in Dubai to establish the DPW Tianjin Holdings Limited, a joint venture by DPW and Tianjin Port Group (TPG), with each party holding 50 percent of shares.

For DPW, China is a key market due to it huge throughput.

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