Dubai World Ports Group (DWP) has announced the completion of the first phase of the $ 538 million ($ 1.97 billion) deepwater port development project in Borsoga, Ecuador. The total cost of the project is $ 1.2 billion (4.4 billion dirhams), and will include the establishment of an integrated economic zone according to the model of the port and free zone in Jebel Ali, Dubai, to transform Ecuador into a leading commercial and logistic center on the west coast of South America, and put the country On the sailing lines of huge container ships with a capacity of more than 10,000 TEUs measuring 20 feet.
According to the statement, the Chairman and CEO of DP World, Sultan Ahmed Bin Sulayem, visited the new facility to see the progress and progress of the project, one of the largest international investments in Ecuador.
Work at the port began two months ago, handling thousands of containers and servicing more than a dozen Panamax-class vessels.
“The launch of the Borsoja project is a defining moment in Ecuador's economic growth path. The new port and SEZ will significantly improve Ecuadorian global competitiveness and make the country a vital business hub on the west coast of South America by implementing the model,” said Bin Sulayem. Successfully tested in Dubai and other regions around the world. ”
For his part, CEO of DP World - Ecuador, Nicholas Guthier said that «the development of the port is in accordance with the best international practices, as the project is currently contributing to the creation of thousands of direct and indirect jobs supported by active social programs, such as the development of policies For gender equality, which paved the way for women's work as a crane operator for the first time in Ecuador. ”