DP WORLD AND ANGOLAN GOVERNMENT SIGN MOU TO EXPLORE DEVELOPING THE COUNTRY’S LOGISTICS SECTOR

DP World, the leading provider of smart logistics solutions, and the Government of Angola, today signed a Memorandum of Understanding (MoU) with the aim of cooperating to further develop the country’s trade and logistics sector.

The MoU was signed in Luanda by Eugenio de Lima Fernandes, National Director for Concession Economics, and Suhail Al Banna, CEO and MD, Middle East and Africa Region, DP World, in the presence of His Excellency, Dr Ricardo Viegas de Abreu, Angola’s Minister of Transport, and Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World.

The MoU paves the way for the two parties to enter into formal discussions to explore cooperation in the areas of ports and terminals, special economic zones and logistics parks, cross border trade facilitation, trade finance and marine services, as well as logistics support in other commodity-based sectors.

DP World began operations at the Multipurpose Terminal (MPT) at the Port of Luanda on 1 March 2021 after it was awarded a 20-year concession to manage, operate and modernise the facility.

Since then, DP World Luanda has invested in new equipment and facilities, technology and the development and training of staff, as part of a US$190 million initial investment to transform the terminal into a major maritime hub along the western coast of Southern Africa. 

Ricardo Viegas d’ Abreu, Angola’s Minister of Transports, said: “DP World is a strategic partner for the transport and logistics sector in Angola, because it brings together the professionalism and skills necessary to drive the vision of an integrated and sustainable economy, with an effective and efficient logistics chain. With this partnership, it will be possible to promote and boost Angola’s industrial development, as well as its cross-border and international trade”.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “Alongside the Multipurpose Terminal, there is still tremendous opportunity to further develop and integrate the country’s logistics and trade infrastructure and unlock more economic benefits. The Angolan government has an ambitious plan for this sector, and through this MoU our primary objective is to find ways in which we can support the country to significantly maximize its strategic location and increase trade flows domestically and in the surrounding region.”

Following the implementation of the MPT’s development and modernisation plan, the teams at DP World Luanda increased operational efficiency threefold within the first six months of starting operations.  The team also achieved the feat of being the first terminal in the country to handle two large vessels simultaneously.

Source & photo : DP World

RELATED ARTICLES

Launch of the report “Pirates and Oil Theft in the Niger Delta: an analysis of the connection between piracy and oil bunkering”

The CRIMSON project is pleased to announce the “Pirates and Oil Theft in the Niger Delta: an analysis of the connection between piracy and oil bunkering” report, launched on 1st December 2022 at the G7++ Friends of the Gulf of Guinea (FoGG) in Abidjan, Cote d’Ivoire. The study was coordinated by Thomas Kieler, EU Delegation […]

Read More

Senegal: African Development Bank to invest over €166 million in construction of highway to open up the country’s north

The construction of a highway between Dakar and Saint Louis will open up Senegal’s northern regions, considered the country’s rice granary and an area with high mining potential. The Board of Directors of the African Development Bank, has approved a loan of  €166.36 million to Senegal for construction of the Dakar-Tivaouane-Saint Louis highway, which will […]

Read More

Uganda : Rehabilitation of Bulindo-Nsasa-Namugongo Roads

Residents of Bulindo, Nsasa and Namugongo in Kira Municipality relieved as rehabilitation works for the 4.56 Km road that links them commences. The 4.56 Km stretch has been characterized by dust during the dry season and excess mad and gullies during the rainy season. The residents are therefore greatly relieved at the prospect of upgrading […]

Read More