Dubai Ports World Group Chairman and CEO Sultan Ahmed Bin Sulayem said that Dubai Ports, like many companies, was not optimistic about 2019 due to trade disputes in Europe and America.
He added in his interview with Al Arabiya that the company entered the year 2020 while it was financially civilized, and therefore when the Corona crisis came, the company did not affect it much, and it did not stop work in any port during the Corona crisis.
He indicated that his company is optimistic about the year 2021, in light of the presence of vaccinations for the Corona virus, and the new American president, whose commercial conditions during his presidency are expected to be calm.
On the reason for the company increasing its investments in Senegal, he said that it is an important country with political stability and an economic vision.
He added that DP World has been present in Senegal for 11 years, and during that period it managed to double the number of goods handled at the port and the number of workers.
He continued, “There is a development plan in Senegal … the country is achieving growth of 5% annually, and next year it will achieve 6.2%, and the target is 10% growth in 2026 … These are abnormal and large growth rates.”
I'm pleased to work with H.E. President @Macky_Sall and H.E President @musebiihi on plans to respectively transform Senegal and Somaliland into major logistics hubs, and a gateway to West and East Africa. https://t.co/irKjk19D3r
— Sultan Ahmed Bin Sulayem (@ssulayem) December 26, 2020
Dubai Ports World has signed an agreement with the Senegalese government to establish a sea port in the deep waters of Ndayan.
DP World Dakar will invest $ 837 million in the first phase of the project, and in the second phase 290 million dollars (totaling $ 1.127 billion, equivalent to 4.14 billion dirhams).
The new port will reinforce Dakar’s role as a major logistical hub and gateway to West and Northwest Africa, and will support the realization of Senegal’s ambitious economic development plans launched by Senegalese President Macky Sall, namely the “Senegal Upward Plan”.