DP World Starts Construction of Banana Port in Congo

DP World and the Government of the Democratic Republic of the Congo laid the first stone to mark the start of construction of the new Banana Port. (DP World)
DP World and the Government of the Democratic Republic of the Congo laid the first stone to mark the start of construction of the new Banana Port. (DP World)
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DP World Starts Construction of Banana Port in Congo

DP World and the Government of the Democratic Republic of the Congo laid the first stone to mark the start of construction of the new Banana Port. (DP World)
DP World and the Government of the Democratic Republic of the Congo laid the first stone to mark the start of construction of the new Banana Port. (DP World)

DP World, the world's leading provider of smart logistics, and the Government of the Democratic Republic of the Congo (DRC), Tuesday laid the first stone to mark the start of construction of the new Banana Port.

The stone laying follows the signing of the collaboration agreement in December 2021 between DP World and the DRC Government to develop the first deep-water port in the country.

President of the DRC Félix-Antoine Tshisekedi said: "This is a proud and historic day for the DRC, as our vision to develop Banana Port to transform our country into a regional trade hub, becomes a reality."

"It will grow our economy by creating direct and indirect jobs, provide new opportunities in the supply chain and attract more foreign direct investment.”

Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, said: "Banana Port will be a modern, world-class port and undoubtedly a game-changer for the DRC."

"Once complete, it will attract more direct calls from larger vessels traveling from Asia and Europe, greatly enhancing the country’s access to international markets and global supply chains.”

DP World will develop an initial 600-meter quay with an 18m draft, capable of handling the largest vessels in operation. It will have a container handling capacity of about 450 000 TEUs (20-foot equivalent units) per year, and a 30-hectare yard to store containers.

The port is being developed at Banana, along the country’s 37km coastline on the Atlantic Ocean in Kongo Central province and following its completion, will provide significant cost and time savings that will boost the country’s trade.



25 French Companies Offer Partnership Opportunities with Saudi Arabia in Cyber Security

Officials are seen at the Saudi-French security conference in Riyadh. (Asharq Al-Awsat)
Officials are seen at the Saudi-French security conference in Riyadh. (Asharq Al-Awsat)
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25 French Companies Offer Partnership Opportunities with Saudi Arabia in Cyber Security

Officials are seen at the Saudi-French security conference in Riyadh. (Asharq Al-Awsat)
Officials are seen at the Saudi-French security conference in Riyadh. (Asharq Al-Awsat)

Twenty-five French companies specializing in cybersecurity have presented significant partnership opportunities with their Saudi counterparts to help bolster the sector.

French and Saudi officials emphasized the substantial investment prospects in security infrastructure during the Saudi-French Security Day program, which kicked off in Riyadh on Sunday and will continue until Tuesday.

The conference highlighted the potential role Riyadh and Paris can play in creating secure cities for the future, aligning with the objectives of Saudi Arabia’s Vision 2030, as the Kingdom prepares to host major international events, including the 2027 Asian Games, Expo 2030, and the 2034 FIFA World Cup.

Rachid Boulaouine, Director of Business France Saudi Arabia, stated during the event that collaborating with French companies offers a valuable opportunity to meet the complex security needs of large-scale events and major projects in the Kingdom.

Saudi Arabia is investing over $15 billion in the rapidly growing cybersecurity market as part of Vision 2030.

In 2023, France’s cybersecurity sector generated over 7 billion euros ($7.6 billion) in revenue, with an annual growth rate of 10%, driven by increased investment in advanced technologies and innovative solutions.

Over the three-day conference, discussions will focus on enhancing bilateral cooperation and fostering partnerships between French companies and key Saudi entities, including King Salman Park, the Diriyah Gate Development Authority, the General Entertainment Authority, and Qiddiya.