DP World starts operations of multipurpose terminal at Port of Luanda

Multipurpose Terminal enters new phase of development with DP World

  

Francisco Pinzón appointed Chief Executive Officer of DP World Luanda

LUANDA, ANGOLA – DP World, a leading global provider of smart logistics solutions, has begun operation of the Multipurpose Terminal (MPT) at the Port of Luanda.

The MPT was handed over to DP World Luanda by Porto de Luanda, following the 20-year concession agreement signed in January by António Bengue, Chairman of Porto de Luanda and Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World.

DP World has appointed Francisco Pinzón, as Chief Executive Officer of DP World Luanda. A Panamanian national, he has more than 20 years' experience in port operations and management, having worked at ports in Panama, Bahrain, Peru, Georgia, Djibouti, and Algeria. He joined DP World in 2016 as COO for DP World Djibouti, and in 2018 was appointed as Operations Excellence Manager in Middle East and Africa. Prior to his new role, he was the Deputy General Manager of DP World Djazair, Algeria.

DP World Luanda is investing US$190 million to improve the terminal to help Angola achieve its ambitions for economic growth and to make it a trade hub along the western coast of Southern Africa. The terminal is the eighth port facility currently managed and operated by DP World in its Africa and Middle East region.

Improvements at the terminal are already underway, with the procurement of new equipment, including 30 trucks, six reach stackers, four empty container handlers and four forklifts. New staff facilities will also soon be built and new Rubber Tyred Gantry cranes (RTGs) will be incorporated to the terminal's fleet, which will be the first of its kind to be introduced in Angola. RTGs improve efficiency, are environmentally friendlier and allows for better utilization of the terminal's yard.

FRANCISCO PINZÓN, CEO OF DP WORLD LUANDA, said: "I'm honoured to lead and work with the team at DP World Luanda in the next phase of the terminal's strategic development. Through leveraging our global expertise, technology, and capabilities from across the supply chain, we'll bring our best practices and systems to the terminal.

"We've already begun the process of integrating the local staff into DP World Luanda and will soon start implementing further training and development programmes for them, as well as build the new facilities and install new equipment," he added.

SUHAIL AL BANNA, CEO AND MANAGING DIRECTOR OF DP WORLD, MIDDLE EAST AND AFRICA, said: "I'd like to welcome all our Angolan colleagues to the DP World team. We are proud to be in Angola to further develop the terminal as a trade hub in the southern west Africa region, which will support the country's economic growth objectives by attracting further investment and increased trade."

-Ends-

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases