DP World and CDC Group have formed a partnership to develop ports in Africa and committed to spending $1.72-billion on infrastructure over the next few years. DP World, which is based in Dubai and is one of the world’s biggest port operators, will invest $1-billion in facilities including in Dakar in Senegal, Ain Sokhna in Egypt, and Berbera in Somaliland. CDC, a UK-based development finance group, will initially contribute $320-million and has committed an additional $400-million over the next few years.
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