In order to increase logistics, supply chain infrastructure, and distribution capacities in sub-Saharan Africa, DP World has inked a Memorandum of Understanding with ITOCHU Corporation, one of the biggest trading businesses in Japan.
Beat Simon, Group Chief Operating Officer, Logistics at DP World, and top officials from ITOCHU Corporation signed the deal at the Tokyo International Conference on African Development (TICAD9) in Yokohama, Japan.
In accordance with the Memorandum of Understanding, both organizations will look into ways to improve market access and connectivity throughout Africa, assisting Japanese companies looking to expand or start operations there.
The distribution of goods and food items, supply chain optimization, and fleet and logistics operations are the main topics of the first conversations. With a vast network of ports, terminals, and logistics facilities ranging from trucks to warehouses, DP World operates in 48 nations around the continent. With an additional $3 billion expected over the next three to five years, the corporation has already invested over $3 billion in infrastructure development.
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