DP WORLD CHAIRMAN HIGHLIGHTS VALUE OF TRADE AT WORLD GOVERNMENT SUMMIT
How long-term partnerships between governments and the private sector can help Senegal and other African nations develop their economies was the focus of a discussion between the global trade enabler’s Group Chairman and CEO Sultan Ahmed Bin Sulayem and Senegalese President Macky Sall on the opening day of the World Government Summit.
DP World published a trade impact report with EY on the role of its Dakar Container Terminal at the event, noting that 31,000 Senegalese nationals have been supported by the company’s activities with a 63 % increase in Dakar’s imports and exports between 2010 and 2015 as a result of infrastructure investments. Other data shows:
- A 10% growth in annual GDP contributions since 2010.
- An 89% increase in taxes paid by DP World equivalent to the salaries of 11,500 teachers in the country
- DP World supported 4,900 direct, indirect and induced jobs. Every direct job at DP World supports 7 indirect and induced jobs elsewhere in Dakar.
- How the port has doubled the average number of vessel moves per hour, reduced truck turnaround times to less than 30 minutes from an average of 2.5 hours and doubled volumes from 270,000 TEU in 2008 to 540,000 in 2016
- Improved efficiency at the port has led to increased share of transit trade – for instance to Mali – from 20% to 90% in 2015
DP World’s report explores the benefits of DP World Dakar for the national economy, while backing the Emerging Senegal programme of the government. During the discussion with President Sall, Mr. Bin Sulayem shed light on his experience of how smart trade solutions can support economic diversification, sustainable growth and prosperity using examples from DP World’s portfolio of 77 global ports and terminals.