UAE port operator signs deal for logistics hub in Mali

Dubai’s global ports operator DP World said yesterday it has signed a deal to build a logistics hub outside Bamako, the capital of Mali reports AFP from Dubai.

The logistics hub will be located on the main road between Senegal’s capital Dakar and Bamako, in southern Mali, and close to the rail link between the two West African cities.

It will have a capacity to handle some four million tonnes of general cargo annually, DP World said in a statement.

The concession agreement was signed in Dubai on Monday by Mali’s transport minister Moullaye Ahmed Boubacar.

The United Arab Emirates firm will invest $50 million (43 million euros) in the first phase of the project, with construction due to start next year and take 18 months to complete.

The deal is automatically renewable for another 20 years.

The hub will provide the logistics platform to promote the import and export of goods through Dakar’s port, also run by DP World.

The Dubai-based company operates around 78 terminals in 40 countries worldwide and last year it handled some 70 million containers.

 

UAE port operator signs deal for logistics hub in Mali

Dubais global ports operator DP World said yesterday it has signed a deal to build a logistics hub outside Bamako, the capital of Mali reports AFP from Dubai. The logistics hub will be located on the main road between Senegals capital Dakar and Bamako, in southern Mali, and close to the rail link between the two West African cities. It will have a capacity to handle some four million tonnes of general cargo annually, DP World said in a statement. The concession agreement was signed in Dubai on Monday by Malis transport minister Moullaye Ahmed Boubacar. The United Arab Emirates firm will invest $50 million (43 million euros) in the first phase of the project, with construction due to start next year and take 18 months to complete. The deal is automatically renewable for another 20 years. The hub will provide the logistics platform to promote the import and export of goods through Dakars port, also run by DP World. The Dubai-based company operates around 78 terminals in 40 countries worldwide and last year it handled some 70 million containers.