DP World expands Africa network with new industrial park in Kenya
The Dubai port operator formalized plans for a 222-hectare industrial park at Mombasa.
DP World, the Dubai-based port operator, is expanding its presence in Africa with a new industrial park in Kenya. The company has signed a joint-venture agreement with Kenya’s GulfCap Africa to develop a 222-hectare industrial park at Mombasa. This move comes as DP World's flagship port in the Gulf remains idle. The industrial park is expected to support over 20,000 direct and indirect jobs, and more than 60 companies have already expressed interest in the special economic zone.
DP World has been actively investing in Africa for the past two decades, operating in at least nine African territories, including Algeria, Angola, Senegal, Somaliland, and Tanzania. The company's presence in Africa has helped it maintain profitability despite the disruptions caused by the Iran war.
Brief written by urgent.news from Semafor's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
