DP World has secured a 10-year extension for its concession to operate the multi-purpose container terminal at the Port of Luanda, Angola, extending the agreement until 2051. This development is part of the company’s strategy to enhance its investments in the terminal, which it has managed since 2021, and aims to bolster regional trade links.
Since taking over operations, DP World has invested over $260 million in modernizing the facility, resulting in a significant increase in container throughput—from 177,000 TEUs (twenty-foot equivalent units) to more than 350,000 TEUs. This growth has been supported by the expansion of container handling yard space by 28,000 square meters.
Investment and Expansion Plans
To meet rising demand, DP World has recently added two mobile harbour cranes, bringing the total to eight, and expanded refrigerated container connection points from 630 to 700. The company announced an additional $90 million investment over the next two years aimed at further enhancing infrastructure and operational capabilities at the terminal.
The planned expansion will extend the terminal’s quay by 222 meters and add 10 hectares of operational space, increasing its design capacity to 1.2 million TEUs. This project will also include the acquisition of three ship-to-shore gantry cranes and 12 semi-automated rubber-tyred gantry cranes, enabling the terminal to accommodate two Post-Panamax vessels simultaneously.
Strategic Importance for Angola
DP World emphasizes that the expansion will solidify Luanda’s status as a key container gateway for Central Africa and a vital trade hub for sub-Saharan Africa. The initiative is expected to support employment, boost manufacturing growth, enhance export competitiveness, and attract foreign investment.
Mohammed Akoojee, Chief Executive Officer and Managing Director for Africa at DP World, highlighted the significance of this expansion, stating, “The ability to handle larger vessels will support new shipping services and enhance the container terminal’s potential as a gateway to West and Central Africa.”
Paco Benzon, CEO of DP World Luanda, reiterated the company’s long-term commitment to Angola, noting that the concession extension reflects their dedication to enhancing trade in the region. He stated, “Our continued investment will contribute to providing a more efficient and competitive experience for our customers, while supporting Angola’s ambitions to enhance trade connectivity, diversify its economy and become a continent-wide logistics hub.”
This strategic move not only aims to improve trade efficiency but also seeks to strengthen the wider logistics ecosystem in Angola, creating opportunities and contributing to sustainable economic growth.
According to Emirates247, the expansion is expected to significantly enhance the operational capabilities of the Port of Luanda, positioning it as a critical player in regional logistics.
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