DP World signs MoU with Namibia’s Nara Namib to develop Walvis Bay free economic zone
DP World has signed a Memorandum of Understanding (MoU) with Namibia’s Nara Namib Free Economic Industrial Zone today to develop a free economic zone for industry and logistics in Walvis Bay.
The facility at Walvis Bay will provide businesses with development-ready land for industrial and logistics operations, pre-built warehouses and office accommodation.
A gross developed area of 50 ha will make up the first phase, with expansion opportunities up to 1,500 ha, and the parties has set the second quarter of 2020 as the target date for reaching a definitive agreement on the project.
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