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DUBAI: July 25, 2018. DP World and the Republic of Mali have entered into an agreement that will see the port operator build and run a 1,000-hectare logistics hub.

Under the agreement, DP World will be granted a 20-year concession with an addition 20-year extension in exchange for the multimodal hub located on the outskirts of Mali's capital Bamako. The Mali Logistics Hub (MLH) will have inland container depots (ICD) and Container Freight Stations (CFS) to facilitate the import and export of goods.

Located on the main road corridor from Dakar, Senegal to Bamako and close to the Dakar - Bamako rail line,  the MLH will be capable of handling 300,000 TEU and four million tons of bulk and general cargo. The first phase of the project, with an estimated initial investment of US$50 million, will support the growth of the Malian economy by streamlining the import and export of goods. Construction is expected to start in 2019 and is to take approximately 18 months to complete.

DP World MaliDP World will also provide the Republic of Mali with three locomotive trains to boost cargo and passenger traffic along the Bamako-Dakar rail system.

The hub is expected to significantly reduce processing times for products entering the Malian market as part of efforts to reduce obstacles to trade and economic development. DP World will also implement its online paperless facilitation platform to accelerate the movement of goods as part of the agreement.

The concession agreement was signed in Dubai by Suhail Al Banna, CEO and managing director, DP World Middle East and Africa (left of picture) and Moulaye Ahmed Boubacar, minister of Equipment and Transport, the Republic of Mali.

DP World chairman and CEO Sultan Ahmed Bin Sulayem commented: “The Malian market is expected to grow over the next two decades and is driven by a robust economic and population growth. Thus, the Mali Logistics Hub is much needed and will provide the country with a logistics platform that aims to facilitate the import and export of goods via the Port of Dakar, which is operated by DP World.

“DP World’s investment will significantly cut processing times for goods and thus facilitate trade. We are committed to enabling trade in the region and helping local businesses and people prosper, and look forward to working together,” he added.

Ahmed Boubacar said the new hub would dramatically improve the cost and time of trade for Mali and provide a first-class logistics facility comparable to global standards. “We are confident that with DP World as a partner we will be able to meet the expectations of our people, traders and exporters to have access to more markets and to bring more efficiency and cost effectiveness to international trade."

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