Dubai-based ports operator plans to step up investments across the continent
Dubai ports operator DP World has said that it is looking at stepping up its investments in Africa to help offset the downturn in other parts of the world.
The continent has largely been immune to the continuing economic crisis and DP World already has investments in Senegal and Nigeria on the west coast, Rwanda in central Africa, Mozambique on the east and South Africa.
Dubai World chairman Sultan Ahmed bin Sulayem said: “Africa is an emerging economy with high consumption and population levels.”
He added that the company was looking at developing some of the major ports that act as gateways to the market.