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DP World signs deal to create free zone in Senegal

The new logistics free zone is near DP World-Dakar Terminal. (Image source: DP World)

Dubai-based DP World will develop a logistics free zone near Dakar?s new Blaise Diagne International Airport aimed to boost economic growth and trade in Senegal

Sultan Ahmed bin Sulayem, chairman of DP World and Ports, Customs and Free Zone Corporation (PCFC)-Dubai, signed the agreement with Senegalese government to develop the free zone.

The project, which is expected to be one of the most advanced and well-organised free zones in Africa, will also add new jobs for Senegalese workforce and further bolster social welfare in the West African country.

UAE foreign minister Shaikh Abdullah bin Zayed Al Nahyan and Senegal?s minister of foreign affairs Mankeur Ndiaye attended the signing ceremony.

bin Sulayem said, ?Investing in the construction and development of the logistics free zone in Blaise Diagne International Airport of Senegal is a new opportunity for us at DP World and PCFC to move forward with the enactment of the wise leadership?s vision aiming to support growth and development in friendly countries.?

The new logistics free zone will be situated near DP World-Dakar Terminal in the outskirts of Senegal?s capital city.

According to a statement issued, the deal complements DP World?s leading investments in DP World-Dakar Terminal, which stands as West Africa?s largest and most modern container terminal after a new terminal was built in the facility in November 2011, doubling capacity to over 600,000 TEU (twenty-foot equivalent container units).