DP World is planning to spend $330m to expand the cargo throughput at its port in Djibouti.
The expansion includes construction of a quay and container handling equipment at its Doraleh container terminal (DCT), which is expected to be completed by 2014.
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Upon completion, the expanded port will be able to handle three million containers a year, an increase on the current 800,000t, and one million containers by mid 2012.
Djibouti Ports and Free Zones Authority is also planning to launch a tender for the works in early 2012.
Djibouti serves as a port for its landlocked neighbour Ethiopia, which accounts for about 70% of traffic, according to Reuters.
