DP World invests over USD 300M in Senegal to enhance terminal capacity

SENEGAL – DP World has made a significant investment of over USD 300 million to modernize its operations in Senegal, increasing the terminal’s handling capacity from 265,000 TEUs in 2008 to 800,000 TEUs in 2023.

This expansion is part of the company’s ongoing commitment to sustainable development and aligns with the United Nations’ Sustainable Development Goals (SDGs).

The shipping company has also extended its Sustainable Development Impact Disclosure (SDID) program to Brazil and South Africa.

In Brazil, DP World has partnered with Rumo to develop a terminal that will handle up to 12.5 million tonnes of grains and fertilizers, strengthening Santos as a central hub for agricultural logistics.

Through its Sustainable Development Impact Disclosure (SDID) program, DP World aims to demonstrate the positive impacts of its infrastructure projects in various developing economies.

An official company release states that the new disclosures underscore “DP World’s commitment to advancing sustainable development through strategic investments and tangible contributions.”

These initiatives highlight efforts to create lasting change in areas like transportation infrastructure, community engagement, and gender equality.

The modernization efforts in Senegal will significantly improve the terminal’s efficiency and capacity, contributing to better connectivity for regional trade. The enhancements are expected to facilitate smoother logistics, enabling businesses to expand their reach and foster economic growth in the area.

Group Chairman and CEO of DP World, Sultan Ahmed bin Sulayem, commented, “We are committed to investing at scale globally to strengthen trade resilience and foster positive social impacts in the communities where we operate. We are immensely proud to extend this disclosure and highlight our contributions to advance the UN’s Sustainable Development Goals.”

The SDID report, which also includes developments in Brazil and South Africa, was created in collaboration with the Impact Disclosure Taskforce, a global organization dedicated to establishing reliable impact reporting standards.

This partnership underscores DP World’s commitment to transparent and accountable practices by voluntarily adopting the guidance set out by the task force.

“DP World has been a pioneer in using the Impact Disclosure Guidance to address specific development challenges in key countries of operations,” stated Arsalan Mahtafar, Co-Chair of the Impact Disclosure Taskforce.

The task force aims to guide companies in measuring and managing their social and environmental impact, offering SDG-focused investors clear insights into how businesses contribute to sustainable development.

Strengthening container capacity with new acquisition

In addition to its investments in Senegal, DP World recently announced the acquisition of 47,000 twenty-foot equivalent units (TEUs), a substantial expansion of its cargo-handling capabilities.

This purchase is the company’s first large-scale acquisition of containers registered under its brand, further enhancing DP World’s capacity to meet growing global demands.

The addition of these containers will help maintain seamless operations, particularly during periods of peak demand, thereby boosting resilience across its supply chains.

Ganesh Raj, Global Chief Operating Officer for Marine Services at DP World, remarked, “Supply chains today face increasing pressures from all sides. With the addition of 47,000 TEUs to our existing network, we aim to provide our customers with the capacity they need to move goods efficiently and without unnecessary delays.”

This acquisition is part of DP World’s broader strategy to ensure adaptable and resilient logistics services, complementing the company’s expansive network of ports, vessels, and warehouse facilities across 78 countries.