Advisors tell Macky Sall to go with DP World

Advisors tell Macky Sall to go with DP World

The Senegalese president has just signed a contract with the Dubai Ports World group’s subsidiary for its mega-project 50km south of Dakar.

Someone shares this article with you
            ▪ Advisors tell Macky Sall to go with DP World

▪ The Senegalese president has just signed a contract with the Dubai Ports World group’s subsidiary for its mega-project 50km south of Dakar.

https://www.africabusinessplus.com/en/806495/advised-by-alioune-fall-cleary-gottlieb-and-royal-haskoning-macky-sall-goes-with-dp-world/

Announced as the next major port in West Africa, with a capacity of 1.5 million containers a year, the Ndayane site requires a budget of CHF452 billion (approximately $840 million). This is a substantial amount for Macky Sall‘s government, which managed to find a financing agreement with the managing company DP World. The Emirati—which has experienced unrest on the other side of the continent since its forced departure from Djibouti—will advance the funds in the form of a loan granted in Dakar in exchange for port fees.

This article is for subscribers only. To read more, subscribe with a special offer.

You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.

Recommended articles

Air transport

15/06/2022 at 17h38, by Africa Business+

Consultant Alexei Kharlamov appointed Director of Transformation at Royal Air Maroc

A few months after reshuffling the staff of Royal Air Maroc, Abdelhamid Addou has again made significant...

Maritime transport

10/02/2021 at 18h36, by Africa Business+, updated 11/02/2021

DP World confirms free zone project in Somaliland

While the health crisis has called into question several investments made by the Dubai group, it will...

Construction & Infrastructure

16/10/2020 at 15h48, by Africa Business+

How PAD’s Aboubacar Sédikh Beye is supported by AFD, Grant Thornton and Eurogroup

Following its successful bond issue, the Autonomous Port of Dakar’s Managing Director is bringing together...

Maritime transport

14/05/2020 at 18h33, by Africa Business+

DP World struggles to secure deal to take the place of ICTSI at Port Sudan

After being driven out of Djibouti, DP World continues to strengthen its presence in the Horn of Africa...

Oil & Gas

16/04/2020 at 16h25, by Africa Business+

Franklin, Gide, White and Case, Trinity, Mayer Brown and Hogan Lovells vie for Mauritanian gas project contract

Nouakchott is seeking guidance on the management of its substantial hydrocarbon projects.

Logistics

06/03/2020 at 16h52, by Africa Business+, updated 09/03/2020

DP World’s ambitions in Ethiopia are failing to materialize

The framework agreement signed in May 2016 between DP World and the Ethiopian government had given rise...

Any questions ? contact us

Please get in touch with the Africa Business+ team if you require any further information.

Email us : [email protected]

Add AB+ to your home screen

1. Click on + at the bottom of your screen.

2. Click on + to add AB+ on the home screen.

3. Enter the name of the shortcut and confirm.