Developing Angola's logistics sector
Port and terminal operator DP World and the government of Angola have inked a memorandum of understanding (MoU) to develop the country’s trade and logistics sector.
The Dubai-headquartered DP World player started operations at the multipurpose terminal (MPT) at the Port of Luanda about a year ago, in March 2021, winning the bid for a 20-year concession to manage, operate and modernise the facility.
DP World is planning an initial investment of USD 190 million to transform the terminal into a maritime hub. In an official press release, DP World spoke of joint talks to "explore cooperation in the areas of ports and terminals, special economic zones and logistics parks, cross border trade facilitation, trade finance and marine services, as well as logistics support in other commodity-based sectors".
The MoU was signed in Luanda by Eugenio de Lima Fernandes, national director for concession economics, and Suhail Al Banna, CEO and MD, Middle East and Africa region, DP World. (sh)