DP World to Set up Logistics Facility in Ethiopia, ENA Says

  • Facility to help move goods to landlocked African countries
  • Abu Dhabi Fund for Development gave Ethiopia $3b aid package

By Nizar Manek, 30 June 2018
(Bloomberg) --
DP World Ltd. plans to set up a logistics facility in Ethiopia to facilitate the transport of goods to landlocked African countries, the Emirates News Agency reported, citing Sultan Ahmed bin Sulayem, the Dubai state-owned port operator’s chief executive officer.
Business groups in Dubai can benefit from DP World’s presence in different countries, including Rwanda and Egypt, where re-exporting opportunities are abundant, the news agency cited him as saying.
(154 words -- Bloomberg Terminal only)
https://www.bloomberg.com/news/terminal/OHTESG6S972O