Africa-Press – Angola. The president and executive director of the United Arab Emirates logistics multinational DP World and Ports, Sultan Ahmed Bin Sulayem, expressed, Tuesday (1), in Luanda, his interest in supporting Angola in the creation of free zones in the country.
Sultan Ahmed Bin Sulayem, considered one of Dubai’s main businessmen in this field, spoke of his intention to the press at the end of the audience granted to him by the President of the Republic, João Lourenço, in Cidade Alta. “We talked about the issue of technology systems that we can offer, more specifically, the studies that are being carried out on the possibility of creating free zones at the country level”, he stressed.
Free Zone is an area of the country that is characterized by offering tax benefits to companies located there. The main objective is to encourage the economic development of a given region.
Asked about the amount he intends to invest in the country for the emergence of free zones, the businessman said that this will depend a lot on where they will be located, as well as the type of free zone that you want to build. “Regarding investments, the point is that, when talking about free zones, it will depend a lot on where we want to build. Only after that can we draw up the budget”, he clarified.
The businessman also showed interest in helping the country to become more competitive in the cargo and logistics sector. “The idea is to facilitate the products that enter and leave Angola, through the border areas”, he stressed. As for logistics and technology, he said that many Angolan staff are being trained.
In this regard, he mentioned that a technical school was rehabilitated in the country, for the training of technicians in this area of technologies. “We are very happy to report that our workers are people who work hard and adapt easily to new technologies,” he said.
The United Arab Emirates concessionaire DP World was the winner of the public tender to manage the Multipurpose Terminal at the Port of Luanda for the next 20 years. Sultan Ahmed Bin Sulayem said that the meeting also served to report on the progress achieved in the last 11 months of service in Luanda.
DP World History
DP World is a multinational logistics company based in Dubai, United Arab Emirates. It specializes in cargo logistics, port terminal operations, maritime services and free zones.
Formed in 2005 by the merger of the Dubai Ports Authority and Dubai Ports International, DP World handles 70 million containers, which are brought in by around 70,000 ships annually. This equates to around 10 percent of global container traffic represented by 82 maritime and land terminals in more than 40 countries.
Until 2016, DP World was primarily a global port operator and has since acquired other companies in the value chain. Dubai Ports International (DPI) was founded in 1999. The first project was in Jeddah, Saudi Arabia, collaborating with a local partner in the management and operation of the South Container Terminal (SCT).
DPI then went on to develop operations in the ports of Djibouti in 2000, Vizag, India in 2002 and Constanta, Romania in 2003. In January 2005, DPI acquired CSX World Terminals (CSX WT). It was later, in September 2005, that Dubai Ports International officially merged with the Dubai Ports Authority to form DP World.
Rapid expansion through the acquisition continued in March 2006, when DP World acquired the world’s fourth largest port operator, P&O
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