UAE's DP World, Angola sign MoU to explore latter's logistics sector

The agreement will lead to formal discussions to explore cooperation in ports and terminals, special economic zones and logistics parks, cross-border trade facilitation, trade finance, marine services and logistics support in other commodity-based sectors.

DP World started operations at the multipurpose terminal at the Port of Luanda on March 1, 2021, after it was awarded a 20-year concession to manage, operate and modernise the facility.

Since then, DP World Luanda has invested in new equipment and facilities, technology and the development and training of staff, as part of a $190 million initial investment to transform the terminal into a major maritime hub along the western coast of Southern Africa, a press release from the company said.

ALCHEMPro News Desk (DS)