Mereja Forum

[AbyssiniaLady]

Dubai's DP World set to invest over $1bn in new Senegal port project

Wed 23 Dec 2020 02:07 PM

CEO says this will be DP World's biggest port investment in Africa to date



Dubai-based port operator DP World and the Government of Senegal have signed agreements for the development of a deep water port at Ndayane.

The new port, approximately 50km from an existing port in the country and near the Blaise Diagne international airport, aims to further reinforce Dakar's role as a major logistics hub and gateway to West and North West Africa.

It will also support the realisation of President Macky Sall's ambitious economic development plans for Senegal, the Plan Senegal Emergent (PSE).

DP World's concession for the Port of Dakar already includes a plan to develop a new container terminal alongside the existing container terminal in the Port of Dakar.

However, after discussions between Sall and Sultan Ahmed bin Sulayem, group chairman and CEO of DP World, it was agreed that to carry out a more ambitious project and build a new port outside of the city.


Sultan Ahmed bin Sulayem, group chairman and CEO of DP World

DP World Dakar, the local joint venture company between DP World and PAD, will develop and operate the 300-hectare container terminal and also finance, design and develop the land and maritime infrastructure of the new 600-hectare port.

The first phase of this project will see an investment by DP World Dakar of $837 million, which will make it the single largest private sector investment in the history of Senegal and is expected to be followed by a second phase of investment of $290 million.

Phase 1 will include a new container terminal with 840m of quay and a new 5km marine channel designed to handle 366m vessels and capable of handling the largest container vessels in the world. Phase 2 will create 410m of additional container quay and a further dredging of the marine channel to handle 400m vessels.

DP World is also planning to develop a special economic zone next to the Port of Ndayane to further strengthen the attractiveness of Senegal to foreign investors.

Sulayem said: "This will be DP World's biggest port investment in Africa to date, and is a testament to our commitment to Senegal and belief in its potential for further economic growth. The new port will create jobs, attract new foreign direct investment to the country, and enable new trading opportunities that bring about economic diversification."



Alioune Ndoye, Minister of Fisheries and Maritime Economy, said: "The Port of Ndayane, a major component of the port platform, gives our country back its leadership position thanks to its comparative advantages unlike any other in the sub-region. This port will be a powerful lever for growth."

Senegal recently became the second country to join the World Logistics Passport, a major initiative by Dubai established to increase trading opportunities between developing markets, further boosting its position as a trade hub for Africa.

https://www.arabianbusiness.com/transpo ... rt-project

[Zmeselo]

Are you worthy as a plaything, ¢25 hoe?

Naah...keep your smelly body & your Hiv, to yourself. Dp is in a squabble with ur favorite fatso Omer gelemele, have we forgotten that- you cheap skank? People from your miserable killil will be lined up to beg for some menial job in Eritrea, soon!

[AbyssiniaLady]

The Emirates has had a small detention facility for Yemeni houthi rebel and fishermen in Assab Eritrea since 2015 but don’t want to invest in the country, They simply turned Eritrea coastline into a war zone, It’s time to kick them out of Eritrea.

According to data recently released by UAE’s Ministry of Foreign Trade, UAE has some 30 investment projects spread across Africa which includes marine terminals in Berbera, Algeria, Dakar Senegal and Maputo Mozambique, wildlife reserves in Rwanda and South Africa as well as a hotel project on the Comoros Islands, So what is the reason why they don’t want to invest in Eritrea?


Silverback fggt stay out of my thread.

[Roha]

Why are Woyanies still obsessed about Eritrean ports? Ask the current dead monk Tsadkan, the terrorist Maykadra leader Abebe Jobie who can not fly a cessna, the defunct Woyanie Gebru Azziz-rat obsessed about the Red sea? Worry about Tigray that the Tigrayan militia are dismantling its roads, bridges, airports, schools, hospitals, factories ...
The Woyanie TPLF dream of "Abai Tigray" with two ports on the Red Sea is over. I urge every Tigrayan to disassociate itself from the tribalist TPLF and be free. The only thing Woyanies brought to Tigrayans are war and destruction. Tigrayans have become the most hated in the region because of Woyanies. Sadly, Tigrayans are the poorest in the region once again, except the elite Woyanies who stole the money and stashed it in Dubai, USA and Malaysia. The best option for Tigrayans is to live within their means in Ethiopia, not as "masters" of Ethiopia.
Ethiopians will soon be able to use all Eritrean ports at the lowest cost available in the region, courtesy of Eritreans.

[AbyssiniaLady]

UAE injects $2 bn investment into Mauritania in latest Africa expansion

Date of publication: 3 February, 2020


The United Arab Emirates will pump $2 billion into investment and development projects in Mauritania, state media said on Sunday, during a visit by the country's new leader renowned for his anti-jihadist stand.

"The UAE announced on Sunday the allocation of $2 billion to fund investment and development projects, as well as a soft loan for Mauritania," the official news agency WAM reported.

The West African country's President Mohamed Ould Ghazouani met Abu Dhabi Crown Prince Mohammed bin Zayed Al-Nahyan and other Emirati officials during the visit.

Many see Ghazouani, a onetime chief of general staff, as the mastermind behind a security strategy that has kept jihadist movements out of Mauritania even as they ravaged parts of neighbouring Mali.

Mauritania's defence ministry on Thursday denied media reports that the UAE was constructing a military base in the

Mauritania - along with Burkina Faso, Chad, Mali and Niger - is part of the G5 Sahel force fighting jihadists in Africa's Sahel region.

It is also a member of a Saudi-led military coalition battling Houthi rebels in Yemen, although it has not sent troops to the front.

With a GDP of $5.2 billion in 2018 according to the World Bank, it ranks among the poorest countries in the world despite rich deposits of gold, iron and copper.

Ghazouani has consolidated his grip on power since taking office in August, the first transfer of power between two elected heads of state in a country shaken by multiple coups d'etat from 1978 to 2008.

The UAE, which has used its vast oil wealth to promote itself as a regional tourism, banking and services hub, has a zero-tolerance policy against extremism.

Sheikh Mohammed tweeted that a number of agreements and memorandums of understanding were signed with Ghazouani.

"Our countries have a long history of strong relations. Today, we have many opportunities to deepen these ties, enhance cooperation in various fields and consult on issues and developments in the region," he said.

The UAE has in recent years played an unprecedented role in events in Africa, in moves that suggest it aims to be more than just a regional power.

Abu DHbai has expanded its foothold in the Horn of Africa by establishing new military bases and has provided billions of dollars to regimes in the region, including Somaliland and Eritrea, along which lies the strategically-important Bab el-Mandeb Strait.

"You turn over any rock in the Horn of Africa, and you find the UAE there," a former Trump official told Reuters.

https://english.alaraby.co.uk/english/n ... mauritania

[Zmeselo]

Smelly cùnt, stop mentioning my country & I'll stay out of your asinine threads. How 'bout that, you meggal witch?

The Emirates has had a small detention facility for Yemeni houthi rebel and fishermen in Assab Eritrea since 2015 but don’t want to invest in the country, They simply turned Eritrea coastline into a war zone, It’s time to kick them out of Eritrea.

According to data recently released by UAE’s Ministry of Foreign Trade, UAE has some 30 investment projects spread across Africa which includes marine terminals in Berbera, Algeria, Dakar Senegal and Maputo Mozambique, wildlife reserves in Rwanda and South Africa as well as a hotel project on the Comoros Islands, So what is the reason why they don’t want to invest in Eritrea?


Silverback fggt stay out of my thread.

[Temt]

Game Over ሓሳዳት ዓጋመ!

[Roha]

You are talking about "investment and Eritrea" while your Woyanie-azzz is being flogged. Talk about the future of Tigraian bridges and aiports or about this picture who looted money to invest with his wife in Australia.

[AbyssiniaLady]

Silverback fggt.

I will keep mentioning Eritrea till the cow come home, how about that? azzhole, you think I don't know how to insult 68 years old lonely aids infested fggt? Again, stay out of my thread.

Roha

Tigray is part and parcel of Ethiopia, everything will be alright very soon and please learn the difference between Tigrayans and TPLF which is a terrorist organization group.

[Zmeselo]

Then count on me reminding you of who you're, which is not an insult. Who you're, is who're! Meggal, sahsah disease infested tplf-ite lizard cùnt. I used to skullfuck, qodarat like you!

Silverback fggt.

I will keep mentioning Eritrea till the cow come home, how about that? azzhole, you think I don't know how to insult 68 years old lonely aids infested fggt? Again, stay out of my thread.

Roha

Tigray is part and parcel of Ethiopia, everything will be alright very soon and please learn the difference between Tigrayans and TPLF which is a terrorist organization group.

[AbyssiniaLady]

UAE investments into Africa to flourish says Standard Chartered exec

Government-backed and private sector entities scale up activities ahead of pan-Africa free trade deal




Sarmad Khan December 3, 2019

A farmer carries a hose to water his field in Tica, near Beira in Mozambique. Africa offers investment opportunities across sectors, including agriculture, as countries look to modernise their infrastructures. AFP

The UAE government, state-controlled entities and major private sector enterprises will scale up investments into Africa next year as the continent prepares to roll out a pan-African trade treaty, the co-head of Africa and Middle East global banking business at Standard Chartered said.

The UAE’s public and private firms, which have traditionally looked to invest more in Europe and Asia, are now focusing attention on Africa and the level of investment is expected to rise sharply in the next few years, Saif Malik told The National in Dubai.

Standard Chartered, he said, has seen increased capital flow into Africa and the lender expects further momentum in 2020, based on the discussion it is engaged in with clients in both Africa and the UAE.

“It wasn’t an important market [for the UAE] for a while, but now, especially for me in my role in the last 12 months, the amount of interest that I’m seeing from our UAE clients [for African investment] is unbelievable,” Mr Malik said.

Africa, regarded as the world's last frontier of growth, has a population of about 1.3 billion and is home to major economies such as South Africa and Opec members Nigeria, Gabon, Algeria and Congo. Africa’s economy is forecast to accelerate to 4 per cent this year, and 4.1 per cent in 2020, slower than India and China, but faster than other emerging and developing countries, according to the African Development Bank.

Africa offers investment opportunities across sectors as countries look to modernise their infrastructures. Energy, renewables, health care, education, agriculture, rail and roads, airports, trade and logistics zones are some areas open to investment. Several African countries are also trying to improve their oil and gas infrastructure and broaden their industrial bases.

https://www.thenationalnews.com/busines ... c-1.945562

[euroland]

Agamelady
Why you always eager to [deleted] the di..k Arabs and Djibouti?
Can’t talk about your dying mini Kilil Tigray?

Dubai's DP World set to invest over $1bn in new Senegal port project

Wed 23 Dec 2020 02:07 PM

CEO says this will be DP World's biggest port investment in Africa to date



Dubai-based port operator DP World and the Government of Senegal have signed agreements for the development of a deep water port at Ndayane.

The new port, approximately 50km from an existing port in the country and near the Blaise Diagne international airport, aims to further reinforce Dakar's role as a major logistics hub and gateway to West and North West Africa.

It will also support the realisation of President Macky Sall's ambitious economic development plans for Senegal, the Plan Senegal Emergent (PSE).

DP World's concession for the Port of Dakar already includes a plan to develop a new container terminal alongside the existing container terminal in the Port of Dakar.

However, after discussions between Sall and Sultan Ahmed bin Sulayem, group chairman and CEO of DP World, it was agreed that to carry out a more ambitious project and build a new port outside of the city.


Sultan Ahmed bin Sulayem, group chairman and CEO of DP World

DP World Dakar, the local joint venture company between DP World and PAD, will develop and operate the 300-hectare container terminal and also finance, design and develop the land and maritime infrastructure of the new 600-hectare port.

The first phase of this project will see an investment by DP World Dakar of $837 million, which will make it the single largest private sector investment in the history of Senegal and is expected to be followed by a second phase of investment of $290 million.

Phase 1 will include a new container terminal with 840m of quay and a new 5km marine channel designed to handle 366m vessels and capable of handling the largest container vessels in the world. Phase 2 will create 410m of additional container quay and a further dredging of the marine channel to handle 400m vessels.

DP World is also planning to develop a special economic zone next to the Port of Ndayane to further strengthen the attractiveness of Senegal to foreign investors.

Sulayem said: "This will be DP World's biggest port investment in Africa to date, and is a testament to our commitment to Senegal and belief in its potential for further economic growth. The new port will create jobs, attract new foreign direct investment to the country, and enable new trading opportunities that bring about economic diversification."



Alioune Ndoye, Minister of Fisheries and Maritime Economy, said: "The Port of Ndayane, a major component of the port platform, gives our country back its leadership position thanks to its comparative advantages unlike any other in the sub-region. This port will be a powerful lever for growth."

Senegal recently became the second country to join the World Logistics Passport, a major initiative by Dubai established to increase trading opportunities between developing markets, further boosting its position as a trade hub for Africa.

https://www.arabianbusiness.com/transpo ... rt-project

[AbyssiniaLady]

These low IQ nappy headed elderly fggt who were born to prostitutes & pîmp are unaware of their people dire situation, Tigray is about 5 times bigger than your tiny useless resourceless Tigrinya region, you have got a lot of nerve calling Tigray dying mini Kilil, when all you have is Hamasien, Seraye and small part of Akele guzay, the rest of Akele guzay belongs to Saho and Afars and is inhabited by Saho and Afars.



You animals hijacked my thread, now let's keep the insults!!

[Temt]

let's keep the insults!!

[AbyssiniaLady]

DP World will invest $190m over the 20-year period which will increase the terminal’s annual throughput to approximately 700,000 TEUs per year

by Gulf Business January 26, 2021

The Dubai-headquartered port operator DP World has signed a 20-year concession agreement with the government of Angola to operate the Multipurpose Terminal (MPT) at the Port of Luanda.

DP World will invest $190m over the 20-year period, with plans to rehabilitate the existing infrastructure and acquire new equipment to bring operations at the port in line with global standards and improve its efficiency.

https://gulfbusiness.com/dubais-dp-worl ... ith-angola

They are investing everywhere while turning Afar region & coastline into a war zone.