Thursday, Feb 9, 2023
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DP World begin operations at the Port of Luanda

DP World Port of Luanda_IFM_Image
In January, DP World signed a 20-year concession agreement to develop the port

Dubai-based port operator DP World has started operating at the Port of Luanda in Angola, media reports said. In January, DP World signed a 20-year concession agreement to develop and sustain the port. The agreement was signed by António Bengue, chairman of Porto de Luanda and Sultan Ahmed bin Sulayem, group chairman and chief executive officer of DP World.

DP World will invest around $190 million over the next 20 years in upgrading and sustaining the port. The investment will also be used to increase efficiency in the port. According to DP World, the broader aim to increase annual throughput to 700,000 teu a year and will include the training and development of existing staff.

It was reported that DP World has signed an agreement with the government of Senegal to develop a deep water port in the country. The first phase of the port will require an investment of around $837 million.

In Phase 1, DP World will develop a new container terminal with 840m of quay and a new 5km marine channel designed to handle 366m vessels and capable of handling the largest container vessels in the world. While Phase 2 will create 410m of additional container quay and a further dredging of the marine channel to handle 400m vessels.

DP World handled 71.2 million container units last year, media reports said. It handled 19.1 TEU across its global portfolio during the fourth quarter of 2020.

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