President of the Republic receives DP World leader

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President of the Republic receives DP World leader

Angola signed with DPWorld, a deal with a global agreement of one billion dollars (about 822.6 million euros) over the 20 years of concession, which starts with the payment to the Angolan State of 150 million dollars for this concession.

Dubai Ports World (DPWorld), winner of the international tender to manage the Multi-Purpose Terminal (TMU) of the Port of Luanda, signed Monday, January 25, in Luanda, the respective concession contract until 2040 with the Government of Angola, with the President of the Port of Luanda, Alberto António Bengue and with the Governor of Luanda, Joana Lina, committing DPWorld to invest US $ 190 million in the development of this infrastructure in the Port of Luanda. This is a deal that includes a global agreement of one billion dollars (about 822.6 million euros) over the 20 years of the concession, and starts with the payment to the Angolan State of 150 million dollars for this concession. .

The contract was signed in the presence of the Minister of State for Economic Coordination, Manuel Nunes Júnior, and the Minister of Transport, Ricardo Viegas de Abreu, of the Government of Angola, providing that the Port of Luanda will ensure the annual movement of 700 thousand containers.

The President of DP World, Ahmed Bin Sulayem, was received by the President of the Republic of Angola, João Lourenço, who had already authorized in December 2019 the international public tender for the concession of the TMU of the Port of Luanda, whose operation employs close to a thousand workers.

This contest had nine contestants. Five were selected in July 2020 and three submitted proposals that were analyzed by the Evaluation Committee. In signing the concession contract, the Minister of Transport recalled that this process should have been completed last year. Due to the Covid-19 pandemic, the process lasted until the end of 2020 with only the final report and the granting to DP World of the Luanda Multi-Purpose Terminal.

Ricardo Viegas de Abreu considered that DPWorld’s entry into Angola will improve logistics in Luanda, boosting the attraction of new international private investors to Angola. The contract with DPWorld includes staff training. The Angolan authorities admit that the new investment will have 70% of local incorporation.

 

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