Dubai’s DP World signs 20-year concession agreement with Angola

Dubai’s DP World signs 20-year concession agreement with Angola

The Dubai-headquartered port operator DP World has signed a 20-year concession agreement with the government of Angola to operate the Multipurpose Terminal (MPT) at the Port of Luanda.

DP World will invest $190m over the 20-year period, with plans to rehabilitate the existing infrastructure and acquire new equipment to bring operations at the port in line with global standards and improve its efficiency.

The upgrades are expected to increase the terminal's annual throughput to approximately 700,000 TEUs per year.

A modern port management system will also be established, and further training and development of Angolan staff employed at the terminal will be undertaken.

.@DP_World signs a 20-year concession agreement with the Government of Angola to operate the Multipurpose Terminal (MPT) at the Port of Luanda https://t.co/mDGkEfN8Nv pic.twitter.com/qdKEeMFXu9

“” Dubai Media Office (@DXBMediaOffice) January 25, 2021

"Maintaining the jobs of workers assigned to the terminal, the implementation of a training and capacity building plan in different areas by the concessionaire, and the inclusion of middle and senior Angolan staff in its decision-making structure, are some of the other gains from this relationship that we greatly appreciate,“ said Ricardo de Abreu, Angola's Minister of Transport.

The Port of Luanda is Angola's largest port and is located in a