Somalia required the involvement of Arab League over the controversial Berbera
Port agreement which Somaliland and the DP World have sustained has nothing to do with Mogadishu.
Located next to the port, it will support the growth of Berbera
as a regional trading hub and generate jobs.
The government of Ethiopia will also invest in infrastructure to develop the Berbera
Corridor as a trade gateway for the inland country, which is one of the fastest growing countries in the world.
We look forward to bringing our global experience here and to help develop the Berbera
Corridor, which is key to encouraging regional economic activity.
In a media release announcing the deal, DP World said there are also plans to construct an additional berth at the Port of Berbera
, in line with the Berbera
master plan while adding new equipment to further improve efficiencies and productivity.
faces South Yemen across the strategic Bab al Mandab Strait, past which some 4 million barrels of oil flow daily.
DP World Group chairman and CEO Sultan Ahmed Bin Sulayem and Republic of Somaliland Minister for Foreign Affairs and International Cooperation Dr Saad Ali Shire signed the agreement for the Berbera
Free Zone (BFZ) in Dubai today (November 6), in the presence of senior company and government officials.
In March, DP World took over the Port of Berbera
in the breakaway Somali territory of Somaliland un- der a 30-year concession.
About 100km east of Las Geel on the Somaliland coast is the ancient maritime trade post of Berbera
, its sun-baked streets and waterline steeped in history.
Landlocked Ethiopia currently relies on Djibouti as its main entrepot but is keen to diversify its port options through Port Sudan, Lamu in Kenya and Berbera
2 billion budget for investments planned for the Jebel Ali, London Gateway, Prince Rupert and Berbera
3mn of relief and food aid, to be taken into Somalia through Berbera
Port, according to a statement.