The government of Angola and DP World have signed a Memorandum of Understanding (MoU) with the aim to cooperate further on the development of the country’s trade and logistics sector. The two parties will enter into formal discussions to explore cooperation in the areas of ports and terminals, special economic zones and logistics parks, cross-border trade facilitation, trade finance and marine services, as well as logistics support.

DP World began operations at the Multipurpose Terminal (MPT) at the Port of Luanda on March 01, 2021, after it was awarded a 20-year concession to manage, operate and modernize the facility. With the US$190 million initial investment, the project aims to transform the terminal into a major maritime hub along the western coast of Southern Africa.