The investment of more than $1bn in two phases to develop Port Ndayane, is DP World’s largest port investment in Africa to date, and the largest single private investment in the history of Senegal.
The ceremony was attended by H.E. Macky Sall, President of the Republic of Senegal, and Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World.
"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. It will unlock significant economic opportunities for local businesses, create jobs, and increase Senegal’s attractiveness to foreign investors,” said the President of Senegal Macky Sall.
“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."
Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World said: “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. We thank President Sall, his government, and the Port Authority for the trust and confidence placed in us,"
Phase 1 of the development of the port will include a container terminal with 840m of quay and a new 5km marine channel designed to handle two 336m-vessels simultaneously, and capable of handling the largest container vessels in the world. In phase two, an additional container quay of 410m will be developed.
DP World’s plans also include the development of an economic/industrial zone next to the port and near the Blaise Diagne International Airport, creating an integrated multimodal transportation, logistics and industrial hub.
Copyright © 2022. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.