The Emirati company DP World proposes to invest $1.47 billion in the port of Callao in Peru.

The Emirati company DP World has proposed a $1.47 billion investment to the Peruvian government to expand the south pier at the Port of Callao. The proposal aims to increase capacity at the container terminal, which the firm currently operates under an existing concession agreement.

The initiative was formally disclosed on Wednesday. The project represents a significant infrastructure development for the port, building upon DP World's established operational presence in the region.