DP World looks to Africa to support Jebel Ali as staging ground
DP World chairman and CEO Sultan Ahmed Bin Sulayem continued his focus on investment in Africa at the Global Business Forum on Africa, where he met with the leaders of Rwanda and Ghana.
President of Rwanda Paul Kagame and vice president of Ghana Mahamudu Bawumia discussed Africa’s growing trade potential with Sulayem, who is investing in the continent to shore up Jebel Ali Port’s position as a gateway into the continent.
DP World has partnered with local governments in Algeria, Egypt, Djibouti, Senegal, Mozambique, Rwanda and Somaliland during the last two years, developing trade infrastructure including ports, inland container depots (ICDs), customs processes and multimodal, seamless supply chains for ease of doing business.
In Senegal, the company recently announced that it will build an integrated port, logistics and economic zone in Dakar for the creation of cargo and free movement of goods to support the country’s economic diversification, boosting non-resource exports.
“Africa’s trade potential is enormous, evident in the 400% increase in trade between Africa and rest of the world in last two decades . Infrastructure development is more important than ever to maintain and increase this growth momentum,” said Sulayem in a statement.
“I’ve done several tours of Africa in recent years and always look forward to having meaningful discussions with leaders of governments eager to develop their trade potential. We’ve always maintained that Public Private Partnerships (PPPs) are the route to progress – they are an effective model to fund projects, especially those on infrastructure, while robust government policy and transparency are essential to its success,” he added.
Through DP World’s investments in the Port of Maputo 2,000 direct jobs have been created and 10,000 indirectly, while port volumes have grown 286% since 2003, he said.
“There’s also great potential for trade between African countries, while the continent’s free trade area is also becoming the world’s largest single free trade area by number of countries. But one out of four African countries rely on one or two commodities for 75% of their export revenues and so a focus on economic diversification will be beneficial to future growth.”