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SENEGAL: Signing of the financing of the port of Ndayane

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Senegal’s Minister of Fisheries and Maritime Economy, Alioune Ndiaye, and Dubai Port World signed an agreement on Tuesday, December 22, 2020, for the completion of the first phase of the port of Ndayane. A partnership established in the presence of the President of the Republic of Senegal, Macky Sall. Funding for this port infrastructure will cost $840 million, approximately FCFA 452 billion.

Senegal and its main partner in this project, DP World, have just completed funding for the first phase, which is expected to start soon.This port will allow Senegal to accommodate the largest ships in the maritime space. It will become the largest port in West Africa.

According to President Macky Sall, the future port of Ndayane will be “paired with a special economic zone to make it a real magnet that will attract a large number of investors and thus contribute to the creation of thousands of jobs for the country’s youth.”

DP World is a major player in global trade and an integral part of the supply chain. It operates in the areas of marine terminals, marine services, logistics and ancillary services to technology-based business solutions. It has a portfolio of 78 operational marine and domestic terminals supported by more than 50 related companies in more than 40 countries around the world.

       

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