Ogun, DP World Sign $7bn-Plus MoUs For Deep Seaport, Blue Marine SEZ
Projects expected to attract more than $7bn in initial investment, create over 50,000 direct jobs The Ogun State Government and DP World MEA FZE have signed Memoranda of Understanding (MoUs) for the development of the Gateway Deep Sea Port and the Ogun State Blue Marine Special Economic Zone, with the projects expected to attract more than $7 billion in initial investment and create over 50,000 direct jobs. President Bola Ahmed Tinubu witnessed the signing in Paris, France, alongside the Minister of Marine and Blue Economy, Adegboyega Oyetola, and the Director-General of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho. The agreements bring together the Federal Government, Ogun State Government, DP World, financial advisers and other private-sector partners in a major investment framework aimed at easing trade bottlenecks, strengthening logistics and expanding Nigeria’s manufacturing and export capacity. Tinubu said the two projects would address longstanding infrastructu...