The key to African economic emergence lies in removal of barriers, increased connectivity between nations and infrastructure development, DP World’s Group Chairman and Chief Executive Officer, Sultan Ahmed Bin Sulayem, told African leaders and top executives in Dakar Senegal.
“We be believe in the viability of Africa, we believe in investing in the continent during our investment in Senegal we improved efficiency and volumes 135 percent in 10 years,” Mr Bin Sulayem told the audience at the Africa Emergence Conference 2019 in Dakar Senegal.
Addressing a panel on how private institutions can help support emergence in Africa with President Macky Sall of Senegal and Prime Minister Mahatir Mohammed of Malaysia Mr Bin Sulayem explained how economic emergence is dependant on increasing inter African trade and infrastructure development.
“The Removal of trade barriers is very important. In Africa tariffs are 50% higher in than in Latin America and Asia,” he said. “Intra regional trade in Africa is only 12% while in Europe, Asia and Latin America is over 50%, we need to improve this to prosper,” he added.
Mr Bin Sulayem reiterated the company’s commitment to supporting the economic growth of Senegal and developing Dakar into a major logistics hub and gateway for West Africa during the panel with President Macky Sall.
He stressed that as a smart trade enabler, DP World has the extensive expertise and know-how that can help African countries realise their trade and infrastructure goals, while assisting countries to address national ports and logistics infrastructure challenges.
He highlighted the importance of developing a logistics infrastructure reflecting DP World’s activities in Rwanda and Mali.
“We believe in connecting landlocked nations to the world and international markets. Our logistics park in Rwanda will reduce costs across the country and region,” he said. “The Price of container moving from Shanghai to an East African port is anywhere between USD $500 to USD$1000, the price of same container from the port to Kigali is USD$5000,” he added
President Macky Sall of Senegal said to the Audience that DP World helped in the development of Senegal.
“What the CEO said is the truth, in Senegal we have experienced a change because DP World was present before I became President with a concession of 25 years at the Port of Dakar,” he said.
President Sall added that the government, has a consolidation of DP World’s presence and are working together finalise new port investments by DP World in Senegal.
“Country stability is essential but also the stability of the contracts between the a state and the private sector to develop foreign investment. It is evident that the public investment cannot satisfy the basic needs of the population so we need to work with private sector,” he added.
DP World has operations in Senegal, Egypt, Mozambique, Somaliland, Rwanda and Algeria and has recently signed an agreement with the Republic Mali to develop a logistics platform and the Democratic Republic of Congo for the countries first deep-sea port.
Founded in Dubai/UAE, SCLG is a membership driven industry business group with 200+ corporate members. SCLG is expanding internationally to continuously enhance its global foot-print.
Managing supply chain and logistics more effectively shall contribute to positive growth of economy in range of 3% to 5% (GDP terms).
Impact of climate change on managing supply chain should be on agenda of all supply chain professionals.
Oil and Gas industry should enlarge its theme to manage supply chains of larger energy domain.
Reduction in current level of wastage in food supply chain shall help mitigate poverty.
Managing Fresh water supply chain needs attention of all.
Sophisticated demand forecast and planning for sure helps improve efficiency of supply chain.
IATA World Cargo Symposium , Istanbul, Turkey 12th -14th October 2021
World Breakbulk Expo , Shanghai, China 12th -13th October 2021
China (Shenzhen) International Logistics and Supply Chain Fair (CILF) , Shenzhen, China 23rd -25th September 2021
Seamless Middle East , Dubai World Trade Centre 29th -30th September 2021
43rd Annual SAPICS Virtual Conference , Online 24th -26th August 2021
3rd Virtual Retail Supply Chain ExCon , Online 22nd -23rd July 2021
ProcureCon Asia , Online 13th -15th July 2021
Global SC&Pro Influence Summit , Shanghai, China 20th -21st May 2021
Home Delivery Mena 2021 , Online 23rd March 2021
Pro Con Online Forum , Online 16th -17th March 2021