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Thursday, 05 October 2017

DP World to up its investment in Senegal

DP World is to build an integrated port, logistics and economic zone in Dakar to provide seamless movement of cargo to 16 landlocked African nations.

The construction of Port Du Futur will start before the end of 2018 when the agreement on land allocation for the associated freezone will also be confirmed.

"The region has major trade potential, especially for landlocked nations seeking gateways to the sea and connectivity between them will be key," said Sultan Ahmed Bin Sulayem, DP World Group Chairman and CEO.

"The size of the region and their populations reinforces the need for multi-modal transport, logistics and customs capabilities across borders and as our business moves the world across 40 countries we have the know-how to help in that mission."

Port de Futur will be a multi-purpose port with an economic zone and logistics zone adjacent to new Blaise Diagne International Airport.

The plans for the new port were discussed when the operator's chairman and CEO, Sultan Ahmed Bin Sulayem met with Senegalese President Macky Sall as part of a tour of West and North Africa.

DP World has said it is committed to supporting the economic growth of Senegal and developing Dakar into a major logistics hub and gateway.

Earlier this year, it published an economic impact study by EY on the role of its Dakar Container Terminal, noting that 31,000 Senegalese nationals have been supported by the company's activities. In addition, there was a 63% increase in Dakar's imports and exports between 2010 and 2015 as a result of infrastructure investments.

DP World is also investing in future generations with a focus on education and training in the country.

October 4, 2017 by Portstrategy

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