The terminal operator group DP World of Dubai has signed a memorandum of understanding with the Government of the State of Ogun, in Nigeria, and with the Ogun Deep Sea Port Company for the development of a deep-water port and a special economic zone in the State close to the Lagos-Calabar Coastal corridor Highway. The project includes about four linear kilometers of quays with a draft of -18 meters and a special economic zone on an area of about ten thousand hectares. The planned investment amounts to about seven billion dollars. The governor of the state, Dapo Abiodun, announced that the ceremony of laying the first stone will take place next month, to complete the work within two and a half years.