Africa features in billion-dollar investment plans
DRC and Senegal to benefit from port development
Projects in the Democratic Republic of Congo and Senegal feature in DP World’s $2.5 billion investment plan for 2025 aimed at expanding its global logistics network through the development of major infrastructure projects across India, Africa, South America and Europe.
DP World is moving ahead with the development of the new deep-sea port at Banana in the Democratic Republic of Congo (DRC).
A project to create a 450,000 TEU a year facility on the DRC’s Atlantic coast will bring significant cost and time savings for the country's trade, as it will attract more direct calls from larger vessels from Asia and Europe, boosting economic growth across the region.
Further up the West African coast, work is already underway on the new 1.2 million TEU a year Ndayane Port in Senegal. An initial investment of $830 million is being made in this project.
Other projects include the expansion of the dock at the Port of Posorja in Ecuador; the construction of a new terminal at Tuna Tekra in Gujarat on India’s northwestern coast, and two new shipping berths as well as a rail terminal for the London Gateway logistics hub
Sultan Ahmed bin Sulayem, Chairman and Group CEO of DP World, said: “Global trade is evolving fast, and we are investing boldly to shape its future. Despite short-term uncertainty, this $2.5 billion commitment reflects our confidence in long-term trade growth and our determination to build the infrastructure needed to keep the world connected.
“Our integrated model gives us visibility and control across the entire supply chain, helping our partners reduce risks and costs. No one else can offer this breadth of capabilities, and we are proud to deliver long-term value to the customers and communities we serve,” Bin Sulayem added.
PHOTO: DP World is moving ahead with the development of the new deep-sea port at Banana in the Democratic Republic of Congo (DRC).
1336