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Dubai companies are looking for new investment and expansion opportunities across Africa


DP World, based in Dubai, UAE, is looking for new investment and expansion opportunities across Africa as it pursues its long-term strategy focused on the continent, said Mohammed Al Muallem, the company's Senior Vice President and Managing Director for the UAE.


We wish to be a part of Africa's growth. We see tremendous potential in Africa, and we intend to capitalize on our success and the knowledge we've gained there to go even further, according to Al Muallem.


He stated that DP World is already present on the ground and has expanded to seven sites and ports across the continent, including the Mediterranean Sea, the Red Sea, the Atlantic Ocean, and the Indian Ocean.


He discussed the company's goal of partnering with landlocked countries and disclosed that it has already expanded into East Africa as part of its attempts to transition from marine to dry ports.


'We want to be a part of the entire supply chain, and we are looking for every chance to invest in and improve the supply chain.  Countries may have the potential to generate but lack the time to distribute their product: here is where we come in, sharing our knowledge and experience,' Al Muallem explained.


By minimizing red tape and introducing advanced technologies, we can simplify processes and move things forward faster, Al Muallem advised African partners and stakeholders. Based on their experiences in Dubai, where the government is massively investing in digital infrastructure, we can add significant value in that respect. When we look at the UAE, it is the government that is driving things ahead and constructing the required infrastructure.



Source : news.africa-business.com
Posted on :7/27/2021