Sharjah's gulftainer to expand portfolio in Africa, Americas.

Sharjah-based global port operator Gulftainer is looking at expanding its portfolio in Americas, Africa and Far East and will close another acquisition in Americas next year, its group CEO said on Wednesday.

"We will be making another announcement about acquisition in 2019. We are very close to finalising a port agreement in Americas. I would love to see Gulftainer taking 2 acquisitions every year for the next 10 years. But realistically, if we can get one acquisition a year, it would put us in a good position," said Peter Richards, group CEO of Gulftainer.

"In the next few years, we are not just increasing in North America but South America as well. We did Brazil venture but Brazil was then not going through good time. However, we will not forget Brazil and will look at it. We are talking to numerous entities in Europe also aim to go to Far East...