DP World expands in Africa

24 April 2006

Dubai-based DP World plans to expand its presence in Africa by investing $300 million in the new Doraleh container terminal close to the Port of Djibouti. Djibouti lies on the main east-west trade route across Africa and serves as the gateway for trade into Ethiopia and the hinterland.

Located 11 kilometres from DP World's existing Djibouti terminal, the facility will increase capacity by 1.5 million 20-foot equivalent units (TEUs). The terminal, which will have eight super post-Panamax gantry cranes and a quay length of 900 metres, is expected to commence operations in late 2008. DP World currently has capacity to handle 10 million tonnes of cargo and 500,000 TEUs a year at Djibouti.

DP World recently opened the $30 million Doraleh oil terminal, for which it has a 20-year management concession. The 240,000-tonne facility will be used by commercial and non-commercial customers including the US and French navies.

www.meed.com/transport

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