DP World to progress with new port and economic zone construction in Senegal
DP World said on Sunday that it will soon be finalising agreements on the construction of a new port and economic zone in Dakar.
The project will support the economic growth of Senegal by developing Dakar into a major logistics hub and gateway to west and north-west Africa. The announcement was made following a meeting between Macky Sall, president of Senegal, and Sultan Ahmed bin Sulayem, group chairman and CEO of DP World, in Abu Dhabi on Friday.
"The economic zone in Dakar will serve as a great aggregator of cargo, creating a hub for African exporters and importers and generating value for Senegal and businesses in the region," said Sultan Ahmed bin Sulayem. "We discussed the great progress of the Senegalese economy and the role DP World can play in the development of a port and economic zone serving west and north-west Africa."
DP World has designed a master plan for the development of the Port de Futur which will see it develop into a multi-purpose port including economic and logistics zones adjacent to the new Blaise Diagne International Airport. DP World will be responsible for the development of the initial phase of the port, constructing a modern north-west container terminal capable of handling the largest container vessels in operation today.
The development of the Port de Futur allows for the creation of cargo and free movement of goods to support the country's 'Plan Senegal Emergent,' unleashing new trading opportunities that can bring about economic diversification and boost non-resource exports. The port will reinforce Senegal's position as an Investment and Trade hub in West Africa and help attract new foreign direct investment to the country.
DP World has operations in Senegal, Egypt, Mozambique, Somaliland, Rwanda, Algeria, and the Democratic Republic of Congo.
DP World said on Sunday that it will soon be finalising agreements on ... READ MORE
Air Arabia on Sunday announced its financial results for the full... READ MORE
The UAE-Ethiopia Business Advisory Council recently held a meeting in ... READ MORE
Emaar Malls recorded a five per cent increase in revenue to Dh4.673... READ MORE
The Chinese national expressed her thanks and appreciation to the UAE ... READ MORE
The grand ceremony celebrated the brave soldiers who took part in the ... READ MORE
In the 41st over of innings, Shah first trapped Shanto in front to... READ MORE
An employee whose residence visa has been revoked or has expired must ... READ MORE