DP World becomes sponsor of F1 Renault team
DP World became a sponsor and a global logistics partner of the Renault F1 team since the 2020 season of the global motorsport series. The sponsorship of the Renault F1 team was announced before the opening race of the season in Melbourne / Australia. Renault cooperating with DP World, aims to reduce its carbon emission to zero by 2030 in the Formula 1 racing series. "We expect that working with DP World will open up opportunities for concrete solutions to some of the logistical challenges facing our F1 team's supply chain and, consequently, the automotive industry," said Jerome Stoll, president of Renault Sport Racing. He also added that they look forward to bringing and creating innovations by combining their engineering skills through collaboration.
INNOVATION FOR AUTOMOTIVE LOGISTICS
DP World sees this cooperation as an opportunity to innovate in the field of automotive logistics. Sultan Ahmed Bin Sulayem, DP World Group President and CEO, said: “One of our strategic goals was to develop innovative logistics solutions for the automotive industry. We aim to reduce costs, increase speed and transparency and reduce environmental impact in the supply chain. ” Renault F1 team ranked fifth in the F1 team ranking last year.