Skip to content Skip to Search
Skip navigation

DP World to invest $1bn to upgrade Tanzanian port

Water, Waterfront, Port Tanzania Ports Authority
Dar es Salaam container terminal. DP World has signed a 30-year deal to operate the port

Dubai’s DP World has signed a 30-year concession agreement with the Tanzania Ports Authority (TPA) to operate and modernise Dar es Salaam Port.

The deal aims to improve transport and logistics services throughout Tanzania and the wider East Africa region, according to the state-run Wam news agency.

DP World will invest more than $250 million in the first phase to upgrade the port. The total investment could increase to $1 billion during the concession period, alongside hinterland logistics projects.

The port will connect to the sub-Saharan Africa hinterland through a network of roads, highways, railways, freight corridors and ports, supporting the growing demand for logistics solutions across the continent.

DP World will work to allow faster cargo clearing and improved cargo planning, strengthening Dar es Salaam’s role as the maritime gateway for green energy metals from the copper belt in Southern-Central Africa. It will also make future investments in building temperature-controlled storage and a special economic zone.

Makame Mbarawa, Tanzania’s minister of transport, said: “With DP World’s expertise, the port will play an important role in supporting the creation of direct and indirect employment in various sectors such as transportation, distribution and supply chain.”

DP World earlier signed an agreement with Indian port operator Jawaharlal Nehru Port Authority to invest INR200 billion ($2.4 billion) to develop a port in the Indian state of Maharashtra.

The company reported a drop in profits for the first six months of the year by almost 10 percent, despite revenues increasing by 14 percent.

Profit attributable to the UAE multinational logistics group in H1 was $651 million, down 9.7 percent compared to a record surplus of $721 million for the same period in 2022.

Latest articles

Waste To Energy Biogas plant with solar, battery station and E-car charging station

African renewables are ripe for investment, says Irena

Africa accounted for less than 1 percent of the new renewable energy sources added globally last year, and a conference in Abu Dhabi this week called on wealthy investors to help the continent achieve its targets. Amani Abu Zeid, commissioner for infrastructure and energy of the African Union Commission, told the International Renewable Energy Agency […]

Saudi Arabia Ronnie O'Sullivan snooker

Ronnie O’Sullivan to be Saudi snooker ambassador

Saudi Arabia has signed a deal with the world’s top snooker player, Ronnie O’Sullivan, for him to act as an “ambassador” for the sport in Saudi Arabia.  It was announced alongside news that Saudi Arabia has become an official sponsor of the World Snooker Championship that begins this weekend in Sheffield, UK. Under the three-year […]

UAE Costa Rica Cepa

Costa Rica added to UAE economic partners

The UAE has signed a comprehensive economic partnership agreement with Costa Rica, the latest in a string of trade deals around the world over the past two years. It is the first time the South American country has signed an agreement with a Middle Eastern country. The agreement will improve trade flows between the two […]

A man wades through a flooded street in Dubai. Some areas of the UAE received more than a year's worth of rain in one day

UAE president orders review after flooding

The UAE’s president, Sheikh Mohamed bin Zayed Al Nahyan, has ordered an urgent review of the country’s infrastructure after historic levels of rainfall brought the Gulf state to a standstill, with some areas seeing more than a year’s worth of rain in one day. The president has contacted authorities “to quickly work on studying the […]