Investment of over $1 billion is DP World’s largest port investment in Africa and largest private investment in Senegal’s history
Dubai – Infrastructure project reflects growing partnerships between Dubai and African markets to support development on the continent
DP World and the Government of Senegal have laid the foundation stone to mark the start of the construction of the new port of Ndayane.
The stone-laying ceremony follows the concession agreement signed in December 2020 between DP World and the Government of Senegal to build and operate a new port in Ndayane, approximately 50 km from the existing port of Dakar.
The ceremony took place in the presence of Macky Sall, President of the Republic of Senegal, and Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, as well as several presidents of institutions, members of the Government of Senegal and local communities.
The investment of over $1 billion in two phases to develop Port Ndayane is DP World’s largest port investment in Africa to date and the largest private investment in Senegal’s history. The infrastructure project reflects Dubai‘s growing partnerships with African markets aimed at supporting the continent’s development.
Macky Sall said: “The development of modern and quality port infrastructure is vital for economic development. With the port of Ndayane, Senegal will have state-of-the-art port infrastructure that will strengthen our country’s position as a major commercial hub and gateway to West Africa. It will open up significant economic opportunities for local businesses, create jobs and increase Senegal’s attractiveness to foreign investors. We are pleased to extend our collaboration with DP World to this project, which has already yielded excellent results with the operation of the container terminal at the port of Dakar.
Sultan Ahmed bin Sulayem said, “Today’s laying of the foundation stone not only marks the start of construction, but also turns President Sall’s vision into reality. As the main facilitator of global trade, we will bring all our expertise, technology and capabilities to this port project, the realization of which will support Senegal’s development over the next century. We thank President Sall, his government and the Port Authority for the trust and confidence placed in us.
Phase 1 of the port development will include a container terminal with 840m of quay and a new 5km sea channel designed to simultaneously accommodate two 336m vessels and capable of accommodating the largest container ships in the world. It will increase container handling capacity by 1.2 million twenty-foot equivalent units (TEUs) per year. In phase 2, an additional container quay of 410m will be built.
DP World’s plans also include the development of an economic/industrial zone next to the port and close to Blaise Diagne International Airport, creating an integrated multimodal transport, logistics and industrial hub.