Group chairman and CEO of DP World, Sultan Ahmed bin Sulayem
DP World has completed the first industrial building at the South Carolina Logistics Park, a 1,300+ acre development in Orangeburg County, South Carolina.
The logistics park is centrally located at the intersection of Highway 301 & Interstate 95 between Charleston and Columbia.
It offers users a strategic, inland and rail-served platform with close port proximity for industrial development.
DP World Americas’ CEO Matt Leech said: “DP World is using its expertise in smart logistics solutions to enable the flow of trade across the globe.
“Combined with our 2021 acquisition of Syncreon, the South Carolina Gateway Logistics Park, is part of DP World’s broader vision to become a driving force in helping more US businesses face the evolving supply chain and logistics challenges that are causing turmoil in the post pandemic economy.”
Opportunities for build-to-suit ranges in size from 50,000 sq ft to 1m+ sq ft, providing flexible solutions for both large and mid-size users.
DP World has been working closely with Orangeburg County throughout the course of the project to ensure the logistics park meets the needs of the end users, is fully integrated and benefits the surrounding communities.
In particular, the property will be placed in a multi-county industrial park shares by Orangeburg and Dorchester counties, providing the opportunity for enhanced tax credits for tenants locating in the park.
DP World group chairman and CEO Sultan Ahmed Bin Sulayem expressed his pride at the opening of the logistics park, noting that it is estimated to bring more than US$500m into the economy.
He added: “The collaboration with Orangeburg County and the state of South Carolina has been a model of the kind of development that public and private partnerships can create when the greater good is at the centre.
“This expansive site is full of potential economic opportunity for South Carolina including 2,000 jobs and local tax revenues upward of US$10m.”
In 2021, Premium Peanut, from Douglas, Georgia, signed an agreement with DP World to purchase a 42+ acre tract in the Gateway Logistics park.
The company is investing US$64m to build the most technologically advanced peanut shelling operation in the world.
In addition to an estimated 130 local jobs, the new operation will provide additional local capacity allowing South Carolina peanut growers the opportunity to be a part of a cooperative model of continued economic growth.
“We’re excited to see the opportunities that this speculative building will provide in the Orangeburg market, as well as the attraction of prospecting businesses that it draws from around the globe.”
