$442m project to develop Port of Berbera underway

Global trade enabler DP World has celebrated its 30-year port concession for the management and development of a multi- purpose port project at Berbera, Republic of Somaliland

H.E. President of the Republic of Somaliland, Ahmed Mohamed Mohamoud and DP World Group Chairman and CEO Sultan Ahmed bin Sulayem were present at a ceremony to mark the occasion and thanked attending government officials and partners for their support at the start a new phase of development for the country.

DP World Berbera complements the company’s investment in Djibouti and will also serve land locked countries in the Horn of Africa. The investment of up to $442m will consist of two phases, the first being the building of a 400 metre quay and 250,000 square metre yard extension as well as the development of a free zone to create a new regional trading hub.

DP World Group Chairman & CEO Sultan Ahmed bin Sulayem, said: “This is part of our vision to act as an enabler of trade and to facilitate growth by helping African countries develop their infrastructure that connects them to global markets.”

President of Somaliland Ahmed Mohamed Mohamoud Silanyo, said: “This DP World investment in the Port of Berbera will strengthen the relationship between the Republic of Somaliland and the UAE which existed for many centuries in the past. Additionally, it will bring back and highlight the commercial position and importance of the Port of Berbera as a Red Sea gateway for the Middle East and Africa.”

For more information visit www.dpworld.com

22nd May 2017