DP World Plans Logistics Parks across Africa to Cut Transport Costs

Dubai-based giant DP World is exploring the development of logistics parks across Africa as part of a strategy to reduce transport costs and unlock growth, Mohammed Mahomedy, head of infrastructure and rail for sub-Saharan Africa, tells The Africa Report in an exclusive interview…DP World, one of the world’s largest port operators, has signalled plans to establish an industrial park in Nigeria. The announcement followed a visit by DP World’s chairman, Sultan Ahmed bin Sulayem, to Minister of Marine and Blue Economy Adegboyega Oyetola in March. The company has footprints in 48 sub-Saharan African countries, including Nigeria, South Africa, Tanzania, the Horn of Africa, Kenya, Senegal, Angola, the DRC, and the Copperbelt…Africa’s logistics ecosystem has witnessed rapid expansion in recent years on the back of a rapidly rising population, fast-growing consumer markets and expanding manufacturing industries, but it is faced with significant challenges, particularly inadequate infrastructure…[DP World] said in May that it would invest $2.5bn this year on major infrastructure projects, including three in Africa, to expand its global logistics network. (The Africa Report)