06 September 16

Antwerp invests in West Africa

1The Port of Antwerp will invest in West Africa for the first time in order to create an expanding logistics platform at the Port of San Pedro and build on its leading market position for the region.

San Pedro in Côte d’Ivoire will collaborate with the Port of Antwerp International (PAI) over the next five years in order to develop the port at regional level so it can become a logistics hotspot for handling commodities such as fertilisers, cashew nuts and cacao.

“This is the first concrete investment by the port of Antwerp in West Africa,” said Eddy Bruyninckx, CEO of Antwerp Port Authority.

“With this clear commitment we are emphasising our belief in the potential of San Pedro. Its geographical location and its connections with Liberia, Guinea and Mali represent enormous potential benefits for Antwerp which is already the market leader for West Africa.”

Work will start next year on construction of a logistics platform under the name of San Pedro Logistique, of which 35% of the capital cost of €5.5m will be financed by PAI.

PAI will have two directorships in the company behind San Pedro Logistique which is expected to become operational in summer 2017.

Meanwhile, the Belgian group Sea-Invest, which already operates in Côte d’Ivoire in the port of Abidjan, will take the lead for the creation of the logistics platform for which construction is due to begin early next year.

PAI will supply the necessary technical expertise for the development and its APEC training centre at the Port of Antwerp will hold two training seminars per year for San Pedro port personnel.

Source: Port Strategy

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