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The Namibian town of Usakos has teamed up with MDL International and foreign financiers to develop an oil storage facility that could store over 200 million liters of fuel to be distributed to markets in the Southern African region.
The massive investment, projected to cost over R3 billion, could transform the quiet town into an urban logistics center and generate significant employment opportunities for the community.
MDL International and its investors see the establishment of a fuel and gas storage terminal as a way to distribute products to countries like Angola, Botswana, the Democratic Republic of Congo, Zambia and Zimbabwe.
Phase 1 of the project has already begun with the establishment of a logistics center. Phase 2 involves the actual construction of the storage terminal. It is expected that the terminal will take around two years to construct.