UAE's DP World signs deal to develop $1 billion new Senegal port
DP World Dakar, a joint venture between the Dubai-based maritime firm and the port authority based in Senegals capital Dakar, will build and operate a vast new 600-hectare (1,500-acre) port on the Atlantic Ocean.
Associated Press
Source: AP
United Arab Emirates International port operator DP World signed a deal Wednesday to develop a new deep-water port in Senegal worth over $1 billion, the company announced, its biggest ever investment in Africa.
DP World Dakar, a joint venture between the Dubai-based maritime firm and the port authority based in Senegals capital Dakar, will build and operate a vast new 600-hectare (1,500-acre) port on the Atlantic Ocean. The deal also includes plans to build a new terminal to handle the worlds biggest container ships and a special economic zone to attract foreign capital.