Dubai DP World strikes deal with trading giant Itochu for African markets

Dubai: The Dubai company DP World has struck a partnership with Japan's trading giant Itochu Corp. for the sub-Saharan markets.

The deal will see it expand logistics, supply chain infrastructure, and distribution capabilities in sub-Saharan Africa.

Under a new MoU, the two companies will look at opportunities to 'enhance connectivity and market access across Africa', and supporting Japanese businesses seeking to establish or grow their presence on the continent.

Initial discussions between DP World and Itochu focus on fleet and logistics operations, supply chain optimization, and the distribution of commodities and food products.

DP World operates in 48 countries across Africa with a network of ports, terminals and logistics assets from warehouses to trucks. The company has so far invested over $3 billion in infrastructure development, with a further $3 billion planned over the next 3-5 years.

Itochu has decades of exposure in commodities, wholesale trade, and consumer goods across Africa. Its portfolio spans textiles, machinery, energy, chemicals, foods, and general consumer goods.

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 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.”