Ogun, DP World sign $7bn port investment deal

The Ogun State Government and DP World MEA FZE have signed Memoranda of Understanding for the development of the Gateway Deep Sea Port and the Ogun State Blue Marine Special Economic Zone, with an expected initial investment of over $7bn and the creation of over 50,000 direct jobs. The projects aim to address infrastructure and logistics constraints, strengthen logistics, expand manufacturing and export capacity, and integrate maritime commerce with African and global markets.

The Gateway Deep Sea Port will feature a four-kilometre berth and an 18-metre draft, while the Blue Marine Special Economic Zone will support manufacturing, processing, and export-oriented industries.

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