DP World Ltd. announced an agreement to support the potential development of Canada's Port of Churchill, a port expansion project aimed at exporting goods to Europe and other markets, with an estimated total investment requirement of $57 billion and an initial need of $3.9 billion.

The agreement focuses on port operations and the construction of transportation corridors to connect the Port of Churchill with DP World's global logistics network and inland port facilities managed by CentrePort Canada Inc. Canadian Prime Minister Mark Carney aims to develop the Port of Churchill into a major export hub.