United Arab Emirates’ DP World has signed a 30-year deal with Tanzania Ports Authority to revamp Dar es Salaam Port, enhancing regional global connectivity.
The agreement connects Tanzania to global markets, as DP World modernizes and operates the versatile Dar es Salaam Port.
Mr. Plasduce Mkeli Mbossa, TPA Director General, and Sultan Ahmed Bin Sulayem, DP World’s CEO, signed the concession agreement.
The President of the United Republic of Tanzania Samia Suluhu Hassan, witnessed the signing of the deal.
DP World won the tender to modernize Dar es Salaam Port. They aim to improve how things move in Tanzania and nearby areas.
To achieve this, DP World will invest $250 million initially, with potential total investments of $1 billion over the concession period.
These funds will also support logistics projects in the surrounding areas.
Furthermore, the investment will create jobs and improve access to products and services, benefiting Tanzania’s socioeconomic development.
The Port will link sub-Saharan Africa through a transport network to connect businesses to global markets, addressing logistic demands.
DP World to Strengthen Infrastructure, Trade, and Connectivity
The Port has greatly benefitted from recent investments made by the Government of Tanzania to improve its infrastructure.
DP World will collaborate with TPA and existing stakeholders to build on this progress.
This will enhance cargo processes, bolstering Dar es Salaam’s role in the copper belt’s green energy metal transportation.
Enhanced efficiency will attract larger ships, more shipping lines, and lower freight costs for Tanzanian importers and exporters.
During the event, Sultan Ahmed Bin Sulayem, DP World’s Group Chairman and CEO, stated,
“We are honoured to partner with the Government of Tanzania to revitalise the port of Dar es Salaam.
“This is in line with Tanzania’s strategic development plans and is testament of the visionary leadership of H.E. Samia Suluhu Hassan.
He added that this development will create trade opportunities, linking East Africa and sub-Saharan Africa with the global markets.
Professor Makame Mbarawa, Tanzania’s Transport Minister, described the agreement as a significant milestone in infrastructure development.
“The signing of the concession agreement between the Government of Tanzania and DP World is a momentous event indeed.
“It marks yet another significant breakthrough in building best-in-class infrastructure in Tanzania under the Public-Private Partnership model.”
Mr Plasduce Mkeli Mbossa, Director General of Tanzania Ports Authority added,
“We are excited to collaborate with DP World to modernise the strategic port in Dar es Salaam.
“This project will create significant value for end-users and help the government achieve its goal of reducing logistics costs.”
DP World’s ongoing investments in Africa align with its growth strategy, fostering economic development and global trade connectivity.