DP World Granted Extension For Angola’s Luanda Terminal Concession To 2051 And Announces US$90 Million Expansion

DP World has secured a 10-year extension for its concession at Angola's Port of Luanda, with operations now set to run until 2051. Since starting operations in 2021, the company has poured over US$260 million into upgrading and modernizing the terminal. Over the past five years, the terminal's capacity has nearly doubled, with twenty-foot equivalent units (TEUs) handling rising from 177,000 to over 350,000.

This growth has been supported by additional space, with 28,000m2 of yard area added, and an increase in Mobile Harbour Cranes from two to eight, along with expanded reefer plugs.

In celebration of the terminal building's inauguration, DP World revealed a further US$90 million investment over the next two years to expand and enhance the terminal. This expansion will add 222 metres to the quay, increase the operating area by 10 hectares, and elevate the terminal's design capacity to 1.2 million TEUs. The addition of three Ship-to-Shore (STS) cranes and 12 semi-automated rubber-tired gantry (RTG) cranes will enable the handling of two Post-Panamax vessels at once, solidifying Luanda's position as a key container hub for Central Africa and a major trade center in sub-Saharan Africa.

Mohammed Akoojee, DP World's Chief Executive Officer and Managing Director for Africa, stated that the expansion marks a significant milestone for both Angola and the broader region. The terminal's ability to accommodate larger vessels will foster new shipping services and boost the terminal's role as a gateway for West and Central Africa.

This investment aims to improve trade efficiency and sustainability, providing customers with greater reliability, faster turnaround times, and better access to global markets. It also strengthens Angola's position within DP World's regional and global logistics network.

Paco Pinzon, DP World Luanda's Chief Executive Officer, emphasized the company's long-term commitment to Angola and its vision for the country as a leading regional trade gateway. The extended concession demonstrates DP World's dedication to creating a more efficient and competitive experience for customers while supporting Angola's goals of enhancing trade connectivity, diversifying the economy, and establishing itself as a continental logistics hub.

The expansion will benefit the entire logistics ecosystem, fostering regional connectivity and contributing to sustainable economic growth in Angola.