{"id":42401,"date":"2021-12-01T05:02:13","date_gmt":"2021-12-01T05:02:13","guid":{"rendered":"http:\/\/abdas.org\/?p=42401"},"modified":"2021-12-01T05:04:28","modified_gmt":"2021-12-01T05:04:28","slug":"dp-world-has-tied-up-with-uks-cdc-group-to-invest-1-72-bn-in-africa","status":"publish","type":"post","link":"https:\/\/abdas.org\/dp-world-has-tied-up-with-uks-cdc-group-to-invest-1-72-bn-in-africa\/","title":{"rendered":"DP World has tied up with UK’s CDC Group to invest $1.72 bn in Africa"},"content":{"rendered":"

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“In CDC, we have found a long-term partner with whom we share a same goal of investing in Africa’s long-term infrastructure, which is vital to unlocking the continent’s commerce potential,” In a statement, DP World Chairman Sultan Ahmed bin Saeed remarked.<\/p>\n

DP World and CDC have announced that investments in ports, container depots, business parks, and other logistics infrastructure will be undertaken through a newly formed platform.<\/p>\n

DP World said it aimed to invest $1 billion in the platform over the next five years, and it had already given minority holdings in three African ports to the platform.<\/p>\n

The ports are in Egypt’s Sokhna, Senegal’s Dakar, and Somaliland’s breakaway region of Berbera.<\/p>\n

The CDC of the United Kingdom has pledged to invest 320 million dollars on the platform initially, with an extra 400 million over the next few years.<\/p>\n","protected":false},"excerpt":{"rendered":"

“In CDC, we have found a long-term partner with whom we share a same goal of investing in Africa’s long-term infrastructure, which is vital to unlocking the continent’s commerce potential,” … <\/p>\n","protected":false},"author":54276,"featured_media":42402,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[509],"tags":[],"class_list":["post-42401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-africa-investment"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t