DP World to develop $35 million logistics centre in Kigali, Rwanda
Jan 20, 2016: Global marine terminal operator DP World has been granted a 25 year concession to develop and operate a new logistics centre in Kigali, Rwanda. The DP World Kigali Logistics project is a Greenfield concession agreement and the first phase will be built on 90,000m² (969,000 sq ft) with a 12,000m² (129,000 sq ft) container yard and a 19,600m² (211,000 sq ft) warehousing facility. Estimated annual capacity is 50,000 TEUs (twenty foot equivalent unit) and 640,000 tonnes of warehousing space.
Total project cost is estimated at $35 million, 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.
Mohammed Sharaf, chief executive officer, DP World Group, 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.”
The partnership is further strengthened by Rwanda’s economic transformation in recent years, consistently delivering over 7 percent GDP growth and today it is also ranked as the most competitive country in East Africa by the World Economic Forum’s global competitiveness report.