All data are collected in the Fiscal Year of 2008-2009.

Senegal / Transportation

DP World is one of the largest marine terminal operators in the world, with 50 terminals and 12 new developments across 32 countries.

DP World was formed in September 2005 with the integration of the terminal operations of the Dubai Ports Authority (DPA), which was focused on the UAE ports of Rashid and Jebel Ali, and DPI (Dubai Ports International) which had been set up to export this success internationally.

When it was first established in 1999, DPI had initially applied its expertise to managing ports in the Middle East, India and Europe. Its first project was at Jeddah Islamic Port (in 1999), where it collaborated with its local partner on the management and operation of the South Container Terminal (SCT). In 2003, SCT was the first terminal in the Kingdom of Saudi Arabia to exceed 1 million TEU (twenty-foot equivalent container units) and volumes in 2004 exceeded 1.3 million TEU. DPI then went on to develop successful operations at the ports of Djibouti (2000), Vizag, India (2002) and Constanta, Romania (2003).

In January 2005, DPI transformed its network with the strategic acquisition of CSX World Terminals (CSX WT), the international terminal business of CSX Corporation. This acquisition gave the company a strong presence in Asia with major operations in Hong Kong and China as well as operations in Australia, Germany, Dominican Republic and Venezuela. Importantly for the future development and expansion of its network, DP World also acquired CSX WT’s strong project pipeline, which included the 9-berth Pusan Newport (PNC), South Korea, where DP World holds the management contract as well a significant equity interest and other projects in the rapidly expanding markets of India and the Middle East.

In Senegal DP World signed a 25-year Concession Agreement on October 7th 2007 (start date 1st January 2008) with the government. Since 2008, DP World Dakar has operated the existing container terminal, with a throughput of 14,500 TEU.

DP World will invest $534 million (Dh1.95 billion) in Senegal to upgrade the Port of Dakar and build a container terminal. The first phase of the project was operational in the beginning of 2008 and completion is due by 2010. In the second phase, DP World will develop and manage the new container terminal called Port du Futur which will be operational in early 2011. Its annual capacity will be 1.5 million TEUs.

The Senegal project is DP World's biggest port investment commitment in Africa. The port offers year round direct access with no tidal restrictions, and 24/7 ship and yard operations. As such the facility is favoured first-port of call for vessels southbound from Europe. DP World Dakar is the only port in the region offering window berthing, which, has virtually eliminated waiting time at anchorage and reduced truck turnaround time to less than 20 min.

18 Boulevard de la République 8, étage-BP 6657, Dakar, Senegal;
Telephone: +221 33 889 08 20
Telefax: +221 33 889 08 21

Container terminal operations and cargo handling services

361 employees in Senegal

DP World Dakar is the sole operator of Senegal’s main container terminal

“To enhance our position as a leading global port operator recognised for quality, service and customer satisfaction.”

“Our portfolio has benefited from our focus on emerging markets and in particular the UAE has continued to deliver a solid performance as the gateway for trade to the Gulf and Middle East.

Looking ahead, the unpredictable trends in global trade we have seen in the first half of the year continue into the second half of the year. Our terminals remain focused on improving efficiencies for our customers and cutting costs to minimise the impact of declining volumes on profitability. We are also ensuring that our portfolio emerges in a highly competitive position to benefit from the recovery in global trade.

The Board continues to explore options to improve the market valuation of our Company. We remain fully committed to meeting the long-term market demand for capacity expansion; however the current decline in global trade and associated falling utilisation rates has resulted in significantly reduced demand for new capacity in the near-term. In response, we have deferred approximately 50percent of our planned capacity expansion plans until such time as higher utilisation rates return.

In addition, those ports which joined our portfolio in 2008 will benefit from investment to ensure they receive appropriate equipment to develop them into cost efficient, higher margin terminals.

We are also very focused on reducing our costs to minimise the impact of declining revenue per TEU on margins. With 60percent of our costs variable to volumes, our business model has the ability to adapt quickly to changing market conditions. Alongside this, we are also focusing on reducing our fixed costs.

Our business underwent significant change in the first half of 2007 as the company restructured to become a pure ports operator. As part of this restructuring process, which took place before the company undertook the initial public offering (IPO) in November 2007, we transferred or sold assets that did not enhance our port operating business or meet our strategic objectives.

In terms of IT, our sophisticated systems are focused on delivering efficiency and helping customers effectively manage their supply chains. We design IT solutions that best fit the needs of each terminal while maintaining some supporting centralised IT services. This allows us to be agile, flexible and responsive to customers’ needs.”

DP World has a 90 percent share in DP World Dakar S.A. while the Port Authority of Dakar has a 10 percent participating shareholding

This concession for port development follows an MoU between the Government of Senegal and Jafza International, the sister company of DP World, signed in December 2006, for developing an integrated Special Economic Zone (SEZ) in Dakar. Jafza International, acting as a consultant to the Government of Senegal, has been instrumental in the drafting of the legal framework, passed by the Senegal Parliament, required to facilitate the creation of the SEZ.

The Dakar Integrated Special Economic Zone (DISEZ) aims at positioning Dakar as a catalyst for major business in the Western African region. The first development phase of DISEZ consists of servicing 600 hectares of land. This initial development will take place in 4 phases of 150 hectares each, with an estimated FDI of US$200 million by Jafza International.

DP World plans to contribute more than €500m ($709m) through direct investment and participating shareholding by the Port Authority of Dakar, which is at no direct capital cost.

In January 2009, DP World Dakar became the first and only port in West Africa to gain certification in ISO28000 relating to the safety management for the supply chain.