Dubai – Mubasher: DP World has signed a final agreement with Somaliland’s government to develop a greenfield economic free zone at the Port of Berbera, according to a company statement.
Situated on 12 square kilometres, the new free zone will complement the growth of the Port of Berbera as a regional trading hub and generate jobs, the Dubai-based multi-businesses firm added in a statement, giving no further details on the value of the deal.
“Our vision for Berbera is to make it a regional maritime hub in the Horn of Africa and its development will encourage growth for the region’s economy,” DP World’s group chairman and CEO Sultan Ahmed Bin Sulayem said.
The free zone will house various businesses including warehousing, logistics, traders, manufacturers and other related businesses, DP World reveal.
“Our partnership with DP World is a model that we are keen to develop and for the benefit of all,” Republic of Somaliland’s Minister of Foreign Affairs and International Co-operation Saad Al Shire concluded.
