Dubai – Mubasher: DP World has celebrated its 30-year port concession for the management and development of a multi-purpose port project at Berbera in Somaliland.
The investment of the port reaches up to $442 million on two phases, the first including 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, according to a statement.
DP World Berbera complements the company’s investment in Djibouti and will also serve land locked countries in the Horn of Africa. The port also acts as a Red Sea gateway for the Middle East and Africa.
The celebration was attended by the President of the Republic of Somaliland, Ahmed Mohamed Mohamoud, and DP World Group chairman and CEO, Sultan Ahmed bin Sulayem.
