DP World signs 30-year concession to operate Dar es Salaam Port

DP World will initially invest more than $250 million to upgrade the port, and the investment could increase to $1 billion during the concession period. The Port will connect to the hinterland of sub-Saharan Africa through a network of roads, highways, railways and dedicated freight corridors and ports.

DP World will work with Tanzania Port Authority and existing stakeholders to allow faster cargo clearing and improved cargo planning – strengthening Dar es Salaam’s critical role as the maritime gateway for green energy metals from the copper belt in Southern-Central Africa. Improved efficiency will attract more shipping lines and bigger ships into Dar es Salaam, which will ultimately lead to lower ocean freight costs for Tanzanian importers and exporters.

The development will deliver trade opportunities for the region, connecting East Africa and broader sub-Saharan Africa with global markets, driving economic growth, job creation, enhanced access to products and service, and creating value for all our stakeholders: Sultan Ahmed Bin Sulayem, DP World

Click here to read more

Click Here For More Stories