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The two sides have entered into a partnership to explore cooperation in trade and logistics
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Areas for cooperation include ports and terminals, special economic zones and logistics parks, cross-border trade facilitation, trade finance and marine services, and logistics support in other commodity-based sectors
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DP World began operations at the Multipurpose Terminal in the Port of Luanda in March 2021 after it was awarded a 20-year concession
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It has allotted part of a US$190-million initial investment to transform the terminal into a major maritime hub along the western coast of Southern Africa
Global supply chain group DP World and the Angolan government have agreed to expand their cooperation in further developing the Southern African nation’s trade and logistics sector.
The two sides signed a memorandum of understanding (MOU) that will pave the way for formal discussions to explore cooperation in various areas, DP World said in a February 2 statement.
These areas include 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.
DP World began operations at the Multipurpose Terminal (MPT) in the Port of Luanda in March 2021 after it was awarded a 20-year concession to manage, operate and modernize the facility.
Since then, DP World Luanda has invested in new equipment and facilities, technology, and staff training and development, part of a US$190-million initial investment to transform the terminal into a major maritime hub along the western coast of Southern Africa.
After the implementation of the MPT’s development and modernization plan, DP World Luanda increased operational efficiency threefold within the first six months of starting operations. It also became the first terminal in the country to handle two large vessels simultaneously.
Ricardo Viegas d’ Abreu, Angola’s minister of transport, said the partnership with DP World will enable the country to “promote and boost Angola’s industrial development, as well as its cross-border and international trade.”
Sultan Ahmed Bin Sulayem, CEO of DP World, said that “there is still tremendous opportunity to further develop and integrate the country’s logistics and trade infrastructure and unlock more economic benefits.”
