Finance

ARISE IIP and Douala Port Authority Partner to Create Dibamba Industrial Port Zone

ARISE IIP and Douala Port Authority Partner to Create Dibamba Industrial Port Zone
Wednesday, 02 October 2024 10:54

ARISE Integrated Industrial Platforms (ARISE IIP), a developer and operator of world-class industrial ecosystems in Africa, is pleased to announce the signing of a partnership agreement with the Port Authority of Douala (PAD) for the creation of the Dibamba Industrial Port Zone.

This ambitious public-private partnership aims to leverage the strategic sectors of Cameroon, aligning with the National Development Strategy 2030 (SND 30) to promote a diversified, resilient, and globally competitive economy.

The agreement outlines the establishment of an industrial ecosystem covering 517 hectares, which will include several distinct areas:

  • A multimodal logistics hub, the Dibamba Douala-Port Logistics Platform (DDLP), featuring warehouses and storage facilities. This platform will help alleviate traffic congestion in Douala ;
  • An integrated industrial park, the Dibamba Douala Industrial Platform (DDIP), which will be developed and equipped with infrastructure to foster industrialisation ;
  • A single-window clearance for administrative procedures ;
  • A vocational training center aimed at capacity building.

The primary goal of this project is to attract local and international investors to develop value chains focused on the transformation of local resources, particularly in the agro-industry, timber, construction materials, and pharmaceuticals.

Industries will be organized by sector, with individual plots of 5,000 square meters, which can be extended according to the needs of investors. The zone will also offer various incentives, including tax and customs benefits, as well as preferential access to global markets.

As the first initiative in Cameroon combining industrial and port facilities, the Dibamba Industrial Port Zone will be connected by the national road N3 and maritime routes to the port of Douala. Comprehensive environmental protection measures, including the conservation of sensitive areas, will be integrated into the zone's development plans.

The establishment of the Dibamba Industrial Port Zone represents a key milestone in Cameroon’s industrialisation, generating thousands of jobs and contributing to a sustainable economy.

Gagan Gupta, Founder and CEO of ARISE IIP, stated: “By combining our expertise with that of our partners at the Port Authority of Douala, we are poised to create a world-class industrial ecosystem that will enhance local resources, attract significant international investments, and generate thousands of jobs, fostering sustainable growth for Cameroon and the CEMAC region.”

About ARISE IIP

ARISE Integrated Industrial Platforms (ARISE IIP) is a pan-African developer and operator of world-class industrial parks committed to making Africa thrive. We identify opportunities in commercial and industrial value chains across Africa, and conceive, finance, build and operate the necessary infrastructure, playing a catalytic role in supporting countries to transition to an industrial economy. We are driven by the pursuit of green growth; our ambition is to unlock the continent’s industrial potential while neutralising our carbon emissions and climate impact. ARISE IIP currently operates in 11 countries, including Benin (GDIZ), Togo (PIA), Gabon (GSEZ), Cote d’Ivoire (PEIA), Nigeria (IPRFZ), Republic of Congo (PIC), Democratic Republic of Congo (CIP), Sierra Leone (SIZ), Malawi (MIP), Rwanda (BSEZ), and Chad (LAHAM TCHAD).

About the Port Authority of Douala

The Port Authority of Douala (PAD) is owned by the Cameroonian State. It is located in the estuary of the Wouri River on the coastal shore and opens onto the Atlantic Ocean. As a public limited company with legal personality and financial autonomy, the PAD is responsible for the management, promotion, and marketing of the Port of Douala.

56d375c5 d13b baa1 1127 578ba9c46c7b

On the same topic
Membership grants access to project finance, equity, and risk tools Move supports Horizon 2035 plan to diversify beyond hydrocarbons Equatorial...
Safaricom raises 20B KES in oversubscribed bond, beating 15B KES target Investor demand hit 41.4B KES; five-year bonds yield 10.4% annually Bond...
Belife Insurance joins Gozem’s Series B round to grow its digital footprint Partnership aims to deliver simple, accessible insurance through...
World Bank opens first resident representation in Malabo, led by economist Juan Diego Alonso. Mandate focuses on inclusive growth, private-sector...
Most Read
01

Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...

Omer-Decugis & Cie Expands Mango Operations in West Africa
02

Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...

AfDB Re-engages Eritrea With Strategy Focused on Infrastructure, Climate Resilience and Regional Integration
03

Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...

Malawi: New $100M Cement Plant Targets Forex Crisis but Faces Energy Reality
04

Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...

Nigeria Pursues Boeing, Cranfield Partnership to Establish Aircraft Maintenance Center
05

BCEAO keeps key lending rate at 3.25% and marginal rate at 5.25%. UEMOA growth reaches 6.6%...

WAEMU Bloc Holds Rates Steady as Growth Hits 6.6%
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.