DP World to Build African Free Zone

Twitter
Facebook
LinkedIn
Email

A logistics free zone is to be built in Senegal’s Port of Dakar after a deal was signed by port operator DP World in order to benefit container terminal operations that it currently manages at the port and to benefit shippers using the nearby Blaise Diagne International Airport, according to the Journal of Commerce.

Sultan Ahmed bin Sulayem, Chairman of DP World, said: “The new logistics free zone complements our investments in DP World Dakar Terminal, which stands as West Africa’s largest and most modern after a new terminal was built in November 2011, doubling capacity to over 600,000 TEU.”

The DP World Chairman signed a Memorandum of Understanding to commence the project in the presence of United Arab Emirates Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan, and Senegal’s Foreign Affairs Minister Mankeur Ndiaye.

The specifics of the new logistics zone have not yet been clarified.

DP World recently released its Q3, 2015 performance results, where it had increased its container volumes by 3.2% on a like-for-like basis.

Port growth along the West African coastline is currently surging, with almost US$100 million so far spent on ports.

A total of more than 3.5 million TEU is to be added to West Africa’s ports, with each receiving around 600,000 of additional capacity.

DP World is also involved with a global environmental initiative aimed at improving environmental preservation, where thousands of employees have dedicated their time and effort to improve environmental conservation in the port environment.

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.
FREE

Supplier Directory

Be listed with industry leaders operating within Ports and Terminals

Webinar Series

Join 500+ attendees on average with a Port Technology International webinar

Latest Stories

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.