DP World wins concession for logistics center in Rwanda

The Dubai-based port terminal operator has been granted a 25-year concession to develop and operate a new logistics center in Kigali, Rwanda.   Dubai-based port terminal operator DP World has been granted a 25-year concession to develop and operate a new logistics center in Kigali, Rwanda, the company said in a statement.
   The first phase the DP World Kigali Logistics project will be built on a 969,000-square-foot greenfield site feet and feature a 129,000-square-foot container yard and a 211,000 square feet of warehousing space. The facility will have an estimated annual capacity of 50,000 TEUs and 640,000 tons of warehousing space.
   Total project cost is estimated at $35 million, and further development will be dependent upon demand growth, DP World said.
   The company noted Rwanda has undergone an economic transformation in recent years, consistently delivering over 7 percent GDP growth and ranking today as the most competitive country in East Africa, according to the World Economic Forum’s global competitiveness report.
   “Rwanda aims to enhance the country’s logistics industry to support the export of products for regional and international markets,” said DP World. “The DP World Kigali Logistics Centre is expected to significantly contribute to the development of this strategy.”
   “We continue to be optimistic about the outlook for Africa and are proud to expand our footprint in the region,” added DP World Group CEO Mohammed Sharaf. “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.”