By Jane osamor
Sultan Ahmed bin Sulayem, Group Chairman & CEO of DP World, revealed the company’s intentions during a courtesy visit to Vice President Kashim Shettima on the sidelines of the ongoing United Nations General Assembly in New York.
“Nigeria is a massive market with hugely underutilised potentials. The Nigerian market has the capacity to dominate this sector in Africa. It is a major African country with a huge asset and resource base. With our supply chain of over 2,500 points of sale to Nigeria, we will bring in the requisite capital, human and material resources needed to achieve this feat”.- Sultan Ahmed bin Sulayem, Group Chairman & CEO of DP World(A multinational company logistics in UAE)
Before now, DP world was seeking to expand to subsaharan Africa and looking to invest as much as $3 billion into port terminals.
DP considers Nigeria’ market tempting but seeks a space only within the ports in Lagos. DP world has always emphasized on investment only in Lagos ports. They are seeking to own a terminal and become an operator in one of the ports in Lagos.
