DP World, a logistics company based in Dubai, has inked a thirty-year concession agreement with the Tanzania Ports Authority (TPA) to modernize and operate the versatile Dar es Salaam Port. This move will enhance connectivity between Tanzania and the wider region with global markets. The initial investment commitment from DP World exceeds $250 million, with the potential for further investment totaling $1 billion throughout the concession period, including hinterland logistics projects. The development aims to strengthen the port's position as a maritime gateway for green energy metals from the copper belt in Southern-Central Africa, ultimately reducing ocean freight costs for Tanzanian importers and exporters while attracting more shipping lines and larger vessels.
Recent infrastructure improvements made by the Government of Tanzania have already boosted the port, and DP World will collaborate with TPA and existing stakeholders to further enhance cargo clearing and planning processes, reinforcing Dar es Salaam's pivotal role in regional and global logistics. This partnership aligns with Tanzania's strategic development plans and is expected to drive economic growth, job creation, and improved access to products and services for the entire region.