The venture marks DP World’s largest investment in Africa and the largest single private investment in the history of Senegal.
The Dubai-headquartered provider of smart logistics, DP World laid on Tuesday 4 January the foundation stone of Port Ndayane in collaboration with the government of Senegal, marking the start of the new port construction.
Under the partnership agreement signed in December 2020, the two parties will collaborate to construct and operate the new port, strategically located nearly 50 kilometres away from the capital, Dakar.
A historical milestone
The $1 billion investment marks DP World’s largest venture in Africa and the largest single private investment in the history of Senegal. The project aims to strengthen bilateral relations between the two countries as well as develop the continent’s seaports infrastructure.
Unlocking opportunities
“The development of modern, quality port infrastructure is vital for economic development. With the Port of Ndayane, Senegal will have state-of-the-art port infrastructure that will reinforce our country’s position as a major trade hub and gateway in West Africa,” President of the Republic of Senegal, Macky Sall said, noting that the new port “will unlock significant economic opportunities for local businesses, create jobs, and increase Senegal’s attractiveness to foreign investors. We are pleased to extend our collaboration with DP World to this project, which has already delivered great results with the operation of the container terminal at the Port of Dakar.”
Supporting development
On his part, the Group Chairman and CEO of DP World, Sultan Ahmed bin Sulayem said that “laying the first stone does not only mark the start of construction but is also turning the vision of President Sall, into reality. As the leading enabler of global trade, we will bring all our expertise, technology and capability to this port project, the completion of which will support Senegal’s development over the next century,” extending his thanks to the president, the Senegalese government and the port authority for their trust and confidence in DP World.
Boosting capabilities
The project’s first phase will include the development of a container terminal comprising a 480 metres long dockside, a new marine channel able to handle two 336 metre long vessels simultaneously to increase the port’s handling capacity to 1.2 million Twenty-Foot Equivalent Units (TEUs).
Meanwhile, the second phase will include the development of an additional container quay, stretching over 410 metres.
Moreover, DP World announced it plans to develop an adjacent industrial zone, as part of a planned integrated transport, logistics and industrial hub.
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