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DP World to develop deep water port at Ndayane for $1.1 bn

The development of the port is in partnership with the government of Senegal

DP World has established a partnership with the government of Senegal for the development of a deep water port at Ndayane. The total investment of the deep port development is $1.1 billion.

It is reported that the deep water port will be developed by a joint venture between DP World and the Dakar port authority. The joint venture is known as DP World Dakar. During the first phase of development, they plan to invest $837 million, and another $290 million in the second phase.

The investment is reported to be DP World’s biggest investment to date in Africa. It will also help to strengthen the continent’s economic growth. Once the port’s development is completed, it will have a huge capacity to handle the largest container ships of the world. It is reported that the Port of Ndayane is a significant part of the port platform.

Amadou Hott, minister of economy, planning and cooperation of the government of Senegal, told the media, “By joining the World Logistic Passport, Senegal will strengthen and boost its position as a trade hub for Africa. We hope that this new membership of the World Logistics Passport will enable our country to access lesser tapped markets in the world and grow its economy as a re-export hub.”

The new port is approximately 50 kilometers from the existing port in the country. It is near the Blaise Diagne international airport and seeks to strengthen Dakar’s position as a major logistics hub and gateway to West and North West Africa.

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