More Mozambique

Global marine terminal operator DP World has announced that its concession for the port of Maputo, Mozambique has been extended to 2033 with an option to extend for a further ten years.

DP World holds the concession to operate the container terminal at the port, with DPWorld Maputo operating the terminal. Portos e Caminhos de Ferro de Mocambique (CFM), the Mozambique Ports and Railway Authority, holds a 40 per cent share of the operating company. The concession was originally due to expire in 2018.

“Africa is a key focus of our business strategy for long term growth of DP World as we look to emerging markets to underpin the recovery of global trade,” says DP World Chairman Sultan Ahmed Bin Sulayem. “Efficient infrastructure both leads and drives economic sustainability. Mozambique has an exciting future and we are pleased to be part of it.”

DP World’s Mohammed Sharaf added: “We are delighted the Government of Mozambique has extended our concession out to 2033. We are committed to investing in growing DP World Maputo capacity over time in line with market demand. We have seen significant efficiency gains since we expanded our interest in the port in early 2008 and we look forward to being able to contribute even further to improving supply chain efficiency and supporting the expansion of Mozambique’s economy.”