Dubai-based global provider of end-to-end logistics solutions DP World is set to start the development of the deep sea port at Banana in the Democratic Republic of the Congo. Things are ready to go now, following an agreement on amendments to the initial contract between the company and the government of the Democratic Republic of the Congo.
The objective of the amendments was to readjust the different obligations of the two parties under the project, to better support the vision of president Félix Tshisekedi, to develop the country's trade and logistic sector. The port will be the DRC's first deep sea port along its 37 km coastline on the Atlantic ocean.
The development of the Banana Port, which is expected to take two years, will bring significant cost and time savings for the country's trade, as it will attract more direct calls from larger vessels from Asia and Europe, and will boost not only the growth the country's economy, but also the region.
"The signing of the term sheet is a key milestone in the partnership between DP World and the Government of the DRC, in moving forward with the project and the firm desire of DP World to be part of the President's vision that will give the country strong, efficient and affordable access to international markets that will enhance its export capabilities," Suhail AlBanna, CEO and Managing Director of DP World, Middle East and Africa region, told gulfnews.com.
Photo source: DP World