DP World is interested in launching operation in Ethiopia to build dry port facility near Addis Ababa and managing logistics with the Ethio-Djibouti corridor according to a senior manager.
Back in October the senior official of DP world, Joost Kruijning, Vice president and managing director for Middle East & Africa, and Hans de Jong, regional commercial director for the same region, were in Addis Ababa to speak with the Ethiopian officials.
They presented their proposal to Ahmed Tusa, managing director of Ethiopian Shipping & Logistics Services Enterprise (ESLSE), and his deputy, Alemu Ambaye.
In the proposal they tried to show that Ethiopia has assets that could be utilized three or four times more than current rates.It is to be remembered that the accumulation of an estimated 20 thousand containers at Port Djibouti has been blamed on the poor capacity and lack of operational skill by both Prime Minister Hailemariam Desalegn and senior managers of the Shipping authority. The issue is one that costs the country a lot in terms of additional storage costs estimated at 4 million US dollars every month.
DP expects to improve the situation by managing the dry port or giving consultancy services if it enters the Ethiopian market according to senior managers with the company.
DP world is a large company that is currently operating across six continents offering port service.
Source: Fortune
