DP WORLD AND NAMIBIA'S NARA NAMIB SIGN MOU ON WALVIS BAY FREE ECONOMIC ZONE FOR INDUSTRY AND LOGISTICS

摘要

Global trade enabler DP World has signed a Memorandum of Understanding (MoU), with Namibia's Nara Namib Free Economic Industrial Zone to develop a free economic zone for industry and logistics in Walvis Bay to support the growth of Namibia as a regional hub for Southern Africa.The development will help Namibia grow as a centre for industrial operations and logistics, creating opportunities and jobs across multiple sectors including agriculture, fishing, automotive and mining. The facility at Walvis Bay will provide businesses with development-ready land for industrial and logistics operations, pre-built warehouses and office accommodation. The first phase will be a gross developed area of 50 hectares, with expansion opportunities up to 1,500 hectares. The parties have set the second quarter of 2020 as the target date for reaching a definitive agreement on the project.