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An Isolated Country Runs on Mobile Money

Global ports operator DP World plans to set up a logistics complex in Ethiopia to cater to the landlocked African countries, said Sultan bin Sulayem, DP World Group’s chairman & CEO and chairman of Ports, Customs and Free Zone Corporation.
“We are planning to set up a logistics complex in Ethiopia where goods can be transported from the port to it, and from there it can be transported to different African landlocked countries. Business groups in Dubai can always benefit from DP World’s presence in different countries, including Rwanda and Egypt, where re-exporting opportunities are abundant,” said bin Sulayem.
He pointed out that landlocked African countries can use the Port of Berbera on the African East Coast.

“We noticed the cost of transportation is still very high in these countries and this urged us to provide solutions to reduce the cost and make land and sea transportation more efficient. This will help businesses in Dubai, for example, to ship their goods from India at a reduced cost. We are also reviewing handling charges to make sure they are always acceptable,” he explained.
Bin Sulayem said this during a meeting with heads of business groups, investors and businessmen in different economic sectors in Dubai. DP World operate 80 terminals and ports across six continents.

The group is now raising investments in ports, services and logistics in India, Kenya, Uganda and East African countries like Somaliland and Ethiopia to help support economic growth.

 

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