DP World and the Angolan government sign a memorandum of understanding to explore the development of the country’s logistics sector
DP World, a provider of smart logistics solutions, and the Angolan government today signed a Memorandum of Understanding (MoU) with the aim of cooperating to further develop the country’s trade and logistics sector.
The MoU was signed in Luanda by Eugenio de Lima Fernandes, National Director of Concession Economics, and Suhail Al Banna, CEO and Managing Director, Middle East and Africa Region, DP World, in the presence of His Excellency , Dr. Ricardo Viegas de Abreu, Minister of Transport, and Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World.
The MoU paves the way for the two parties to begin formal discussions to explore cooperation in the areas of ports and terminals, special economic zones and logistics parks, cross-border trade facilitation, financing of maritime trade and services, as well as logistics support in other commodity-based sectors.
DP World began operations at the Multipurpose Terminal (MPT) in the Port of Luanda on March 1, 2021 after securing a 20-year concession to manage, operate and upgrade the facility.
Since then, DP World Luanda has invested in new equipment and facilities, in technology and in the development and training of staff, as part of an initial investment of US$190 million to transform the terminal into a maritime hub. major along the west coast of southern Africa.
Ricardo Viegas d’Abreu, Angolan Minister of Transport, said: “DP World is a strategic partner for the transport and logistics sector in Angola, as it brings together the professionalism and skills necessary to drive the vision of a integrated and sustainable, with an effective and efficient supply chain. Through this partnership, it will be possible to promote and boost Angola’s industrial development, as well as its cross-border and international trade.”
Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “Alongside the multi-purpose terminal, there is still a tremendous opportunity to further develop and integrate the country’s logistics and trade infrastructure and unlock more economic benefits. The Angolan government has an ambitious plan for this sector, and through this MoU, our main objective is to find ways to help the country significantly maximize its strategic location and increase trade flows nationally. and in the surrounding area.
Following the implementation of the MPT development and modernization plan, the teams of DP World Luanda tripled their operational efficiency during the first six months of starting operations. The team also achieved the feat of being the first terminal in the country to simultaneously accommodate two large ships.
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