International maritime giant, DP World, has unveiled its plans to develop a multibillion-dollar port project in Nigeria.
Group Chairman & CEO of DP World, Sultan Ahmed bin Sulayem, disclosed this during a courtesy visit to Vice President Shettima on the sidelines of the ongoing United Nations General Assembly in New York, United States.
The proposal comes as a direct response to President Tinubu’s aggressive investment drive and efforts to improve the ease of doing business in the country.
Sulayem said: “Nigeria is a massive market with hugely underutilised potential. The market has the capacity to dominate this sector in Africa. It is a major African country with a huge asset and resource base.
“With our supply chain of over 2,500 points of sale to Nigeria, we will bring in the requisite capital, human and material resources needed to achieve this feat.”
The DP World chief exec expressed confidence in the Nigerian economy, citing the country’s vast import and export market as a key factor in their decision to invest.
Welcoming the initiative, VP Shettima said the “proposal is a testament to President Bola Tinubu’s avowed commitment to attracting foreign investments” to Nigeria.
He emphasised the administration’s ongoing efforts to create a more investor-friendly environment.
“Nigeria is open to investors from around the world. We are witnessing a total rejuvenation in terms of economic policies aimed at freeing up the economy and making way for a free, fair, and enduring market,” the VP stated.
He assured the investors of government’s full support and the administration’s dedication to facilitating foreign investment and economic growth.
Others present at the meetings included the Minister of Industry, Trade, and Investment, Doris Nkiruka Uzoka-Anite; the Minister of Arts, Culture, and Creative Economy, Hannatu Musa Musawa; and the Minister of Youth Development, Dr. Jamila Ibrahim Bio, among others.
