Media ININ Economy We Trust
Media In 19-01-2019 19 / WAM
Sultan Ahmed bin Sulayem, Chairman and CEO of DP World, called on the importance of removing barriers, increasing connectivity between African countries and developing infrastructure to achieve economic growth in the continent, stressing that DP World and its investments in Africa support the growth opportunities of African countries.
This came during a panel discussion in Dakar on “The role of the private sector in supporting the development of Africa” with Senegalese President Macki Sal and Malaysian Prime Minister Mahathir Mohamad at the International Conference on the Rise of Africa organized by the Republic of Senegal and UNDP in partnership with the Bank. International Development Bank.
Sultan Ahmed Bin Sulayem told a number of African heads of state and government that he believes in the potential of Africa and its ability to emerge as an economic power, but said that taking advantage of this potential depends on removing obstacles to internal trade and infrastructure development. Which allows these countries to make the most of their growth opportunities to enhance their competitiveness and access to regional and global markets, especially landlocked countries. “However, removing trade barriers is very important … to look at the figures to realize the need for both This is where the challenge facial trade ratio of internal Alovrgih 12 percent while this figure reaches more than 50 percent in Europe, Asia and Latin America and the customs duties in Africa more than 50 percent than in Latin America and Asia.
He pointed to the Group’s investments in Senegal, where it succeeded in enhancing the efficiency of the operations of the port of Dakar and increasing its handling volumes by 135 percent over the past 10 years. He affirmed DP World’s commitment to supporting the country’s economic growth and developing Dakar into a major logistics center and gateway to West Africa.
