DP World and Evyap Group merge to form major logistics hub in Türkiye

By Sibel Morrow

DP World and Evyap Group have finalized a strategic merger, combining the capabilities of two key ports on the Marmara Sea, companies announced in a joint statement on Friday.

Creating a significant new international logistics hub, the merger will also enhance Türkiye's critical role in global trade. It follows regulatory approval from the Turkish Competition Authority.

The newly created firm, DP World Evyap, involves DP World taking a 58% investment in Evyapport and Evyap Group acquiring a 42% stake in DP World Yarimca. The rebranding will change the names of significant maritime gates to “DP World Evyap Yarimca' and 'DP World Evyap Korfez”.

DP World Evyap aims to address the growing need for advanced logistics in the region, boosting Türkiye's export and import volumes, fostering new sector growth, and solidifying the country's position as a vital hub in international supply chains.

The combined entity will offer 2,088 meters of berthing space, accommodating more than one ultra-large container vessel at each terminal simultaneously. The total annual container handling capacity will exceed 2 million TEUs. The integrated operation will also handle project and heavy lift cargo services.

DP World Evyap will benefit from advanced road and rail connections and expedited turnaround times, supported by over 900 logistics experts dedicated to optimizing cargo movements.

The merger leverages DP World’s expertise in container handling, customs brokerage, and bonded warehousing, alongside Evyapport’s proficiency in container, liquid bulk, and general cargo operations.

Enhanced by state-of-the-art digital technologies, the partnership positions DP World Evyap as a leading player in the region's logistics sector, promising to boost Türkiye’s trade volumes and stimulate the growth of new industries.

-"Partnership will bring significant economic benefits to Türkiye and wider region"

Sultan Ahmed bin Sulayem, DP World Group chairman and CEO, outlined DP World’s vision as “leading global trade to a stronger, more efficient, and sustainable future.”

“Our strategic partnership with Evyapport advances this strategy in Türkiye – one of our most important markets. We’re delighted to bring enhanced end-to-end solutions to our customers and the many benefits in speed and efficiency of this union," Sulayem was quoted as saying in the statement.

Kris Adams, CEO of DP World Türkiye, said “the partnership will bring significant economic benefits to Türkiye and the wider region.”

He said DP World Evyap’s combination of respective infrastructures would provide customers with a powerful new service offering “at the heart of this increasingly important region for global trade."

Mehmed Evyap, founder and CEO of Evyap Holding, pointed to “the global expertise of DP World and the local knowledge of Evyapport”, which, he said, would strengthen the companies’ presence in the port sector.

“The new company will shorten operation times, increase service diversity, and add value to our customers and Türkiye's trade through efficiencies achieved across the two partnership terminals," he added.