(3 Minutes Read)
Trade enabler DP World, a global provider of end-to-end logistics solutions, and the Government of Senegal have signed agreements for the development of a deep-water port at Ndayane, approximately 50kms from the existing port and near the Blaise Diagne International Airport.
The new port will further reinforce Dakar’s role as a major logistics hub and gateway to West and North West Africa, and support the realization of His Excellency, President Macky Sall’s ambitious economic development plans for Senegal, the Plan Senegal Emergent (PSE).
DP World’s concession for the Port of Dakar, already includes a plan to develop a new container terminal alongside the existing Container Terminal in the Port of Dakar. However, after discussions between H.E. Macky Sall, President of Senegal, and Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, it was agreed that it would be more appropriate for Senegal’s development to carry out a more ambitious project and build an entirely new port outside of the city.
After constructive and detailed discussions, the agreements were signed in Dakar, between the Minister of Fisheries and Maritime Economy of Senegal, Alioune Ndoye, the Director General of the Autonomous Port of Dakar (PAD), Aboubacar Sedikh Beye, and DP World’s Chairman, paving the way for the development of the new port.
DP World Dakar SA, the local joint venture company between DP World and PAD, will not only develop and operate the 300-hectare (ha) container terminal but also finance, design, and develop the land and maritime infrastructure of the new 600-ha port. The first phase of this project will see an investment by DP World Dakar of US$837m, which will make it the single largest private sector investment in the history of Senegal and is expected to be followed by a second phase of investment of USD 290m.
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https://trendsnafrica.com/dp-world-to-invest-usd-1-bn-in-dar-port/
Senegal recently became the second country to join the World Logistics Passport, a major initiative by Dubai established to increase trading opportunities between developing markets, further boosting its position as a trade hub for Africa. The World Logistics Passport has been created to overcome trade impediments, such as logistics inefficiency, that currently limit the growth of trade between developing markets.
