Countries along the West African coastline are set to benefit from a new port and logistics platform designed to boost economic growth and facilitate effective trade in the region.
Through the Africa Infrastructure Fund, AP Moller Capital will make a sizeable investment to create an infrastructure ecosystem of ports, trucking, warehouses and rail services in Gabon, Mauritania and Ivory Coast. Part of the project would see a focus on improving and expanding infrastructure at the existing mineral and a general cargo port in Gabon, said Kim Fejfer, chief executive of AP Moller Capital “In Gabon we are working together with local partners, who have been visionary in their mission to create a foundation for growth in Gabon,” he said.
The investment company will also construct a new multi-cargo port in Nouakchott, the capital of Mauritania, and a new modern bulk port in San Pedro, Ivory Coast.
Even though AP Moller has acquired 43% ownership in the company , the platform will continue to be managed by UK-based ARISE Ports & Logistics.