DP World Signs Deal with ITOCHU to Expand Logistics and Supply Chains in Africa
The agreement was finalized at the Tokyo International Conference on African Development (TICAD9) in Yokohama, Japan.
The MoU will see both companies explore opportunities to improve connectivity and market access across Africa, supporting Japanese businesses aiming to establish or expand their presence on the continent. Initial discussions are focused on fleet and logistics operations, supply chain optimization, and the distribution of commodities and food products.
DP World operates across 48 African countries, managing a network of ports, terminals, warehouses, and trucks. The company has invested over $3 billion in infrastructure development, with another $3 billion planned over the next three to five years to boost intra-Africa trade and link African markets to global supply chains.
ITOCHU, headquartered in Tokyo, has extensive experience in commodities, wholesale trade, and consumer goods across Africa. Its diverse portfolio includes textiles, machinery, energy, chemicals, foods, and general consumer goods, positioning it to support Japanese companies expanding into African markets.
Beat Simon, DP World's Group Chief Operating Officer, Logistics, said: 'Africa represents one of the most dynamic growth frontiers for global trade. This collaboration with ITOCHU reflects a shared vision to unlock value by combining our infrastructure and logistics expertise with ITOCHU's commercial experience to create deeper connections between Africa and Japan.'
Shinya Ishizuka, CEO of Africa Bloc at ITOCHU Corporation, added: 'We hope that this collaboration will not only lead to further projects between the two parties, but also serve as a bridge between Japanese companies seeking to expand into Africa and the African market.'
The MoU marks the start of a deeper partnership between DP World and ITOCHU, aimed at strengthening supply chains and supporting sustainable economic growth across the continent.
News Source: Dubai Media Office
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