On the opening day of the World Government Summit, discussions between DP World group chairman and CEO Sultan Ahmed Bin Sulayem and Senegalese president Macky Sall focused on long-term partnerships between governments and the private sector that could assist Senegal, and other African nations develop their economies.
DP World published a trade impact report with Ernst and Young (EY) on the role of its Dakar Container Terminal at the event. The report noted that 31,000 Senegalese nationals have been supported by the company’s activities, with a 63% increase in Dakar’s imports and exports between 2010 and 2015 as a result of infrastructure investments. Other data shows:
A 10% growth in annual GDP contributions since 2010
An 89% increase in taxes paid by DP World, equivalent to the salaries of 11,500 teachers in the country
DP World supported 4,900 direct, indirect and induced jobs.
Every direct job at DP World supports 7 indirect and induced jobs elsewhere in Dakar
The port has doubled the average number of vessel moves per hour, reduced truck turnaround times to less than 30 minutes from an average of 2.5 hours and doubled volumes from 270,000 TEU in 2008 to 540,000 TEU in 2016
Improved efficiency at the port has led to increased share of transit trade from 20% to 90% in 2015
DP World’s report explores the benefits of DP World Dakar for the national economy while backing the government’s Emerging Senegal programme. During the discussion with President Sall, Bin Sulayem shed light on his experience of how smart trade solutions can support economic diversification, sustainable growth and prosperity using examples from DP World’s portfolio of 77 global ports and terminals.
Bin Sulayem stated that: “I am a strong advocate of the power of partnerships for the benefit of all. We have partnered with governments around the world to make trade faster, safer and more efficient. This has a direct impact on the development of local communities and economies while connecting them with global markets.
“Long-term partnerships between governments and the private sector can help Senegal, and African nations become economic powerhouses over the long term. Our port in Dakar is proof of this. DP World Dakar has effectively doubled berth productivity, reduced truck turnaround times and created many new jobs.
“These results enable trade allowing the efficient movement of resources and supports the diversification of economies away from agriculture and hydrocarbons, to more manufacturing, industry and services.
“These are some of the lessons we have learnt from operating in more than 40 countries, including Dubai. Our flagship Jebel Ali Port and Free Zone is a classic case study on how to get the right connectivity, multi-modal transport and smart digital technology, combining to improve the environment for business. Our terminals in London Gateway in the UK and Caucedo in the Dominican Republic are other examples of this model.
“We will continue to work closely with the government to enhance Senegal’s reputation as a Gateway to Africa and to support the president’s plans to develop its economy. We look forward to working together in the years ahead.”
DP World has proposed a master plan for Dakar to build a multi-purpose port with an economic zone and logistics zone adjacent to the new Blaise Diagne International Airport. It allows for the creation of cargo, free movement of goods to support the country’s economic diversification and will boost non-resource exports. The facility will employ state-of-the-art equipment and technology and is expected to be one of the most advanced and well organised free zones in Africa and the world.
With a long-term view on sustainable development, DP World is investing in future generations with a focus on education and training. The company is collaborating with local schools to help students learn about the trade and logistics sector through the Global Education Programme.
The Global Education Programme covers six continents and aims to reach 34,000 students by 2020. The company has delivered 2,500 training programmes in Dakar and also supported the building of a nursery school in M’Bam village, outside Dakar for the benefit of the local community.
Namibia’s state-owned railway operator, TransNamib, has recently received six new locomotives from General Electric’s Brazilian manufacturing site, at a cost of $US28.2 million. The new locomotives,...
The World Bank has recently extended loans amounting to $US780 million to be used for several new public amenities and infrastructure projects in Tanzania. The three agreements were signed in Dar es...