dp world launches expansion of port in somaliland
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

DP World launches expansion of port in Somaliland

Arab Today, arab today

Arab Today, arab today DP World launches expansion of port in Somaliland

Dubai state-owned port operator DP World.
Hargeysa - Arab Today

Dubai state-owned port operator DP World has launched a $101 million project to expand a port in the breakaway region of Somaliland.
Somaliland broke away from Somalia in 1991 and has acted as a de-facto independent state since then but is not internationally recognized. The United Arab Emirate’s Dubai government owns DP World.
The port in Berbera exports camels to the Middle East and imports food and other items, but Somaliland hopes it will provide an alternative for neighboring Ethiopia — a landlocked country of 100 million which relies on Djibouti for its trade.
DP World said the first phase of expansion will consist of constructing a 400-meter quay as well as the development of a free-zone, with Emirati firm Shafa Al Nahda the contractor.
“This investment in Berbera ... and the expansion is of a huge benefit for Somaliland to develop its economy. We are thinking to be competitive with our ports in the region,” Muse Bihi Abdi, the breakaway region’s president, told journalists.
The first phase is part of an expansion deal signed with DP World in 2016 and worth a total of $442 million.
DP World’s chairman and chief executive Sultan Ahmed bin Sulayem said Berbera would serve Ethiopia’s expanding economy and its increasing trade.
“We did not get assurances from them. (But) they need every port capacity in Ethiopia. It is only a matter of opening the port and making sure the road is there,” he said in a news conference.
But the launch comes amid opposition from Somalia, which believes its sovereignty is being violated. Senior officials have said such deals “bypassed the legitimate authority” of Mogadishu.
Bihi Abdi dismissed the claim. He said agreements with such international firms would boost the country’s quest to achieve international recognition.
“Because when DP World came to Berbera, there was attention from other countries and big business companies because most of them were thinking that Somaliland was not a recognized country and ignored the peace and stability in Somaliland,” he said in a news conference in Hargeysa.
“DP World was a big, international company which dared to come to Somaliland and I hope a lot of other companies from any continent will follow their path and come to Somaliland.”

From: Arabnews

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

dp world launches expansion of port in somaliland dp world launches expansion of port in somaliland

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

dp world launches expansion of port in somaliland dp world launches expansion of port in somaliland

 



GMT 10:16 2017 Saturday ,18 November

KP Governor for continued efforts against polio in FATA

GMT 11:04 2016 Thursday ,10 March

Bonhams announces new team

GMT 00:59 2017 Thursday ,02 February

NYT reporter denied entry to Turkey

GMT 03:00 2017 Sunday ,24 September

Putin says don't rush to blame in Syria attack

GMT 03:10 2017 Saturday ,18 March

Urges UN chief to avert 'looming dam catastrophe'

GMT 04:26 2018 Sunday ,07 January

Palestinians mark Orthodox Christmas

GMT 02:22 2017 Friday ,24 February

Nobel Prize-winning Italian playwright Dario Fo dead

GMT 07:44 2014 Thursday ,11 September

Bahrain has always been business hub

GMT 12:15 2016 Thursday ,22 December

Wild Oats eyes speed record in Sydney-Hobart

GMT 15:04 2017 Wednesday ,18 January

Michel Houellebecq's mother didn't love him

GMT 07:07 2017 Monday ,27 November

YouTube steps up takedowns as concerns

GMT 23:39 2018 Monday ,08 January

PM inaugurates gas pumping station at Sadiqabad

GMT 11:12 2017 Saturday ,30 December

CGames: India wrestling qualifier ends in mass brawl

GMT 08:17 2017 Friday ,29 December

Ex-sumo champion charged over assault scandal
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday