Wednesday , 18 September 2019
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DP World to develop and operate Malian trade hub
Suhail Al Banna of DP World, and Moulaye Ahemd Boubacar of the Malian government

DP World to develop and operate Malian trade hub

DP World has signed a concession agreement with the Republic of Mali to build and operate a 1,000 ha logistics hub outside the country’s capital, Bamako.

The Mali Logistics Hub (MLH) will offer inland container depots and container freight stations to facilitate the import and export of goods via the Port of Dakar in Senegal, which is operated by DP World.

Sultan Ahmed bin Sulayem, DP World chairman and CEO, said: “The Malian market is expected to grow over the next two decades and is driven by a robust economic and population growth.

“MLH is much needed and will provide the country with a logistics platform that aims to faciliate the import and export of good.”

MLH will be situated near the Dakar-Bamako railway line and will be capable of handling 300,000 teu and 4m tonnes of bulk and general cargo annually. DP World are also providing the Republic of Mali with three trains as part of the concession.

Moulaye Ahmed Boubacar, minister of equipment and transport for Mali, said: “This project gives the Republic of Mali the opportunity to be connected to global trade lanes, and to speed up access and transport in and out of the country.”

The first phase of the project, estimated to cost US$50m, is expected to begin in 2019 and take around 19 months to complete. The concession agreement lasts 20 years with an automatic 20 year extension.

Aside from infrastructure, DP World will also develop an online logistics platform for stakeholders within the supply chain.

Talking to local radio Suhail Al Banna, CEO and managing director of DP World Middle East and Africa, said: “Customs clearing, the freight forwarders, the banking system, all the government agencies, the importers, the exporters [will all be] registered on the web platform, so the trade will be more efficient and transparent.

“The cargo owner will know exactly where his container or cargo is, what kind of action is needed and with which agency.”