DP World is considering expansion projects in Africa

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Dubai Ports World plans to expand into Africa by launching several projects it is currently studying.

"We are considering setting up projects in Egypt, Mali, Namibia and Somalia," said Suhail al-Banna, executive director and general manager for the Middle East and Africa.
Banna explained that DP World is considering establishing a deep port in the DRC early next year, a $ 50 million logistics zone in Mali, an expansion in Somalia, an economic zone in Namibia, and the current expansion in Egypt.

The company is currently operating in Algeria, Senegal, Mozambique, Somalia, Rwanda and Djibouti.

The company confirmed the extent of its expansion in the African continent, through statements made by Suhail Al-Banna at a press conference held on the sidelines of a ceremony in Cairo to mark the 10th anniversary of the company's presence in Egypt, attended by Eng. Yehia Zaki, President of the Suez Canal Economic Zone.

DP World plans to expand in Egypt through the Port of Sokhna expansion project, with investments of up to $ 520 million, by the second quarter of 2020, while looking for other projects, such as logistics areas and river ports.

Banna said the company's total investments in Egypt would amount to $ 1.6 billion.



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