Dubai investors seek opportunities in Nigerian ports

Eniola Ajayi, Lagos.

Governor Akinwumi Ambode in the company of DP World representatives and Lagos State officials

Some investors from the city of Dubai in the United Arab Emirates have expressed confidence in the maritime sector in Nigeria, as they made known their plans to invest in the sector.

The investors under the patronage of International Management of Dubai Port, DP World; jetted into the country this week to explore the opportunities that abound in the ports.

Chairman and Chief Executive Officer of DP World, Sultan Ahmed Bin Sulayem, while on a courtesy visit to the Lagos House said the team was in Nigeria on a fact finding mission to look at opportunities for investment in logistics and other areas.

‘‘We are of a strong opinion that there are opportunities in Lagos and in Nigeria and we believe there are many ways to unlock these opportunities,” Sultan Ahmed Bin Sulayem reiterated.

He stressed that the team had received information and would study the details to see the specific areas formidable enough for investment.

“We have 77 terminals all over the world, we are not just into port management, we also specialize in logistics and many others,” Sulayem said.

World class ports
The Lagos State Governor, Mr Akinwunmi Ambode however hinted that the State had all it takes to have as many world class Deep Sea Ports as possible, assuring the investors of his government’s readiness to partner with them to further develop the maritime sector.

He said Lagos, being a coastal city, deserved to have its ports, and that the decision of DP World to partner with the State in the area of developing a Deep Sea Port and other areas, was cheering and encouraging.

Aside the natural endowments for Lagos, Governor Ambode said the State was also blessed with the market to drive any investment, pointing out that there were favourable fundamentals for investments.

‘‘I want to thank the management of DP World for its confidence in the Nigerian economy and the Lagos economy, as a matter of fact, the decision of the firm is cheering because it is investing at a time of economic turbulence and this is a further assurance that the country will come out of recession even stronger,” Governor Ambode said.

The Governor also assured that his government would continue to provide all the resources needed for the investment to thrive, especially in areas of security and infrastructure, as well as other incentives needed for ease of doing business.