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DP world to invest in Somaliland’s Berbera port (Ethiopia)

Tuesday, 06 Jun 2017
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DP world will invest USD 442 million in the upgradation of Somaliland’s Berbera port to enable it to handle cargo for Ethiopia. The process will involve building up a 400 mtr quay with a 2,50,000 sq mtr yard, and supplying gantry cranes and reach stackers.

The objective is to transform Berbera port into a regional transshipment hub for East African countries and to develop a free trade zone. DP World has signed a 30 year concession with a 10 year extension for management and development of the project. The company has a 65 percent stake in the venture.

 
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