DP World Wins Major Concession Extension in Mozambique
Dubai, UAE, Maputo, Mozambique 17 June 2010: - Global marine terminal operator DP World today announced that its concession for the port of Maputo, Mozambique has been extended to 2033 with an option to extend for a further ten years.
DP World holds the concession to operate the container terminal at the port, with DP World Maputo operating the terminal. Portos e Caminhos de Ferro de Mocambique (CFM), the Mozambique Ports and Railway Authority, holds a 40% share of the operating company. The concession was originally due to expire in 2018.
“Africa is a key focus of our business strategy for long term growth of DP World as we look to emerging markets to underpin the recovery of global trade. Efficient infrastructure both leads and drives economic sustainability. Mozambique has an exciting future and we are pleased to be part of it.”
DP World Chief Executive Officer Mohammed Sharaf said:
“We are delighted the Government of Mozambique has extended our concession out to 2033. We are committed to investing in growing DP World Maputo capacity over time in line with market demand. We have seen significant efficiency gains since we expanded our interest in the port in early 2008 and we look forward to being able to contribute even further to improving supply chain efficiency and supporting the expansion of Mozambique’s economy.”
DP World Senior Vice President and Managing Director for Africa, Joost Kruijning said:
“DP World Maputo is an efficient entry port for goods destined for Mozambique and its extensive hinterland as well as for exporters in the region. We look forward to working with our partners to maximise every opportunity to serve customers even better in the years ahead.”
About DP World
DP World is one of the largest marine terminal operators in the world, with 49 terminals and 12 new developments across 31 countries(1). Its dedicated, experienced and professional team of nearly 30,000 people serves customers in some of the most dynamic economies in the world.
DP World aims to enhance customers’ supply chain efficiency by effectively managing container, bulk and other terminal cargo.
The company constantly invests in terminal infrastructure, facilities and people, working closely with customers and business partners to provide quality services today and tomorrow, when and where customers need them.
In taking this customer-centric approach, DP World is building on the established relationships and superior level of service demonstrated at its flagship Jebel Ali facility in Dubai, which has been voted “Best Seaport in the Middle East” for 15 consecutive years.
In 2009, DP World handled more than 43.4 million TEU (twenty-foot equivalent container units) across its portfolio from the Americas to Asia – a decline of 6% over 2008. With a pipeline of expansion and development projects in key growth markets, including India, China and the Middle East, capacity is expected to rise to around 95 million TEU over the next ten years. www.dpworld.com
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(1) As of January 2010
DP World Limited, press release