Tinubu present as Ogun, DP World sign over $7bn MoUs for Deep Seaport, Blue Marine SEZ
In addition to attracting more than $7bn in initial investment, the projects are expected to create over 50,000 direct jobs The post Tinubu present as Ogun, DP World sign over $7bn MoUs for Deep Seaport, Blue Marine SEZ appeared first on Premium Times Nigeria .
President Bola Tinubu announced a $7 billion investment package for the Gateway Deep Seaport and Ogun State Blue Marine Special Economic Zone. The projects aim to boost Nigeria's maritime economy, industries and attract foreign capital. The agreements were signed in Paris during a meeting with DP World, a leading port and logistics company.
The seaport will have a 4km berth, an 18-meter draft to accommodate larger vessels and ease congestion along the Lagos port corridor. The Blue Marine Special Economic Zone will cover 10,000 hectares and work in conjunction with the seaport to foster manufacturing, processing, exports, and logistics. The Federal Government will support infrastructure development, investment security, and eliminate bureaucratic hurdles.
The Lagos-Calabar Coastal Highway, a key part of the industrial and maritime corridor, is expected to be completed before the end of the year.
Written by urgent.news from Ripples Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Tinubu unveils $7bn Ogun deep seaport, blue marine economic zone ripplesnigeria.com
