Wednesday, October 10, 2007

DP World, Senegal sign $700m Dakar port deal

Senegal Prime Minister Cheikh Hadjibou Soumaré, formally handed responsibility for operating and developing Senegal's busiest container terminal to DP World.


A signing ceremony was attended by the chairman of DP World and holding company Dubai World, Sultan Ahmed bin Sulayem. The final agreement follows the announcement of DP World as the successful bidder of the international tender in June. DP World plans to contribute more than 500 million euros through direct investment and participating shareholding by the Port Authority of Dakar.


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