DP World to build $35m logistics centre in Rwandaby Yamurai Zendera on Jan 20, 2016
Dubai's DP World has been granted a 25 year concession to develop and operate a new $35m logistics centre in Kigali, Rwanda.
The DP World Kigali Logistics project is a greenfield concession agreement and the first phase will be built on 90,000 sqm with a 12,000m² container yard and a 19,600m² warehousing facility.
Estimated annual capacity is 50,000 TEUs and 640,000 tonnes of warehousing space.
The total project cost is estimated at $35m, and further development will be phased in line with demand growth.
Rwanda aims to enhance the country’s logistics industry to support the export of products for regional and international markets and the DP World Kigali Logistics Centre is expected to significantly contribute to this.
DP World chairman HE Sultan Ahmed Bin Sulayem said: “DP World is delighted to have been granted this concession in Kigali, Rwanda. We are excited by this opportunity to use our expertise to build best-in-class infrastructure to ensure the continued development and growth for Kigali and the wider economy.”
DP World Group chief executive officer Mohammed Sharaf said: “We continue to be optimistic about the outlook for Africa and are proud to expand our footprint in the region. We aim to further develop the logistics sector through DP World Kigali Logistics to help meet the country’s 2020 vision of creating a strong domestic logistics services operator in the region.”