Re: Nigeria
Dear Jide
Jeffrey introduced us a while ago
We are very interested in Nigeria
The two locations available are Badagry and Lekki We prefer badagry becau=e the infrastructure is better We know that 3 years ago Maersk line has si=ned an agreement with the government to develop Badagry But so far Maersk =asn't started any construction We can start to develop Badagry Lekki is =nother location but it has no infrastructure and 10 years ago Government h=s given concession to an indian company W are very interested I understand=Have good contact with bollore we are interested in their portfolio let'= talk
Yours Sultan
Sent from my iPhone
Dear Jide =1 agree we should meet but for our meeting to be fruitful please give some =nformation in your proposal we are willing to sign an NDA agreement with y=u. =Background of Dpworld/Nigeria =We have been many times to Nigeria from 2005 till 2018 1-met the previous two presidents at their invitation =2-met the current Lagos Governor at his invitation.
3-Met a private t port owner in Lagos discussed acquisition/ joint venture =t didn't work as he insisted that we pay his dividends in dollars while =ur earnings in Nigerian Nira !!
- 4- January 2018 met transport minister who was overwhelmed with my present=tion but he offered we build an industrial park in Lekki since Port is alr=ady given to a consortium of an indian developer/ Chinese contractor and c=a French shipping company to mange I declined the offer as there is no benefit for us to create an industrial =one to produce cargo for someone's else port.
At Dpworld I made a decision that unless we get what a compelling offer we =tay away from Nigeria until such a time. The only way we will invest in Nigeria :
1-As a green field in Badagry which had good infrastructure
2- a brown field port in Lagos area either acquire an existing terminal .
I am in dubai till end if this month =But it's meaningless to meet without the information on what is proposed =o I can study and correspond with you our precise interest .
Yours
Sultan =
Sent from my iPhone
Dear Sultan,
It is nice to receive your note. Thank you for writing.
We should meet to begin to get to know each other, we then can discuss sp=cific opportunities.
As Jeffrey may have shared with you, I am recently back from Abuja and Pa=is. Are you in Dubai through Eid or are you in the West during the next c=uple of weeks? I am in New York and Washington this week and then London a=d Monaco this coming Monday and Tuesday (11/12 June) before returning to N=w York.
I hope all is well with you,
Jide