The defeats are a jolt to a full-strength Pakistan side in their preparations for the Twenty20 World Cup
The Mali Logistics Hub will be located on the main road corridor from Dakar, Senegal to Bamako and close to the Dakar - Bamako rail line and will be capable of handling 300,000 TEU (twenty-foot equivalent unit), four million tons of bulk and general cargo.
DP World will also provide the Republic of Mali with three locomotive trains to boost cargo & passenger traffic along the Bamako-Dakar rail system.
The concession agreement was signed in Dubai on Monday by Suhail Al Banna, Chief Executive Officer and Managing Director of DP World Middle East and Africa, and Moulaye Ahmed Boubacar, Mali's Minister of Equipment and Transport, in the attendance of Malian and DP World officials.
Commenting on the announcement, DP World Chairman and CEO Sultan Ahmed bin Sulayem, said, "The Malian market is expected to grow over the next two decades and is driven by a robust economic and population growth. Thus, the Mali Logistics Hub is much needed and will provide the country with a logistics platform that aims to facilitate the import and export of goods via the Port of Dakar, which is operated by DP World.
"DP World's investment will significantly cut processing times for goods and thus facilitate trade. We are committed to enabling trade in the region and helping local businesses and people prosper, and look forward to working together."
Minister Boubacar said, "We are excited to partner with DP World on this project. The Mali Logistics Hub will dramatically improve the cost and time of trade for Mali. The project will provide us with a first-class logistics facility comparable to global standards and will be the largest in terms of capacity."
"We are confident that with DP World as a partner we will be able to meet the expectations of our people, traders and exporters to have access to more markets and to bring more efficiency and cost effectiveness to international trade. The project also gives the Republic of Mali the opportunity to be connected to global trade lanes, and to speed up access and transport in and out of the country," he concluded.
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