Government of Dubai: DP WORLD TO BEGIN WORK ON PHASE ONE OF BERBERA FREE ZONE PROJECT

[Ben Dover]

Sunday, March 04, 2018


The final agreement to develop a greenfield economic free zone in Somaliland to complement the growth of the Port of Berbera has been signed between DP World and its government in Dubai.

The global trade enabler expects to break ground on the 12 square kilometre free zone project this year. Located next to the port, it will support the growth of Berbera as a regional trading hub and generate jobs.

DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem said: “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. It’s also a boost for local prosperity – jobs for the people of Somaliland and future generations. We look forward to bringing our global experience here and to help develop the Berbera Corridor, which is key to encouraging regional economic activity.”

Republic of Somaliland Minister of Foreign Affairs and International Co-operation Dr. Saad Al Shire said: “Developing a free zone will complement the growth of Berbera Port, enabling it to become a gateway for trade to the region and the whole of Africa. It will also generate jobs for the local population and encourage small and medium-sized companies in the area to locate their operations in an environment conducive to trade. Our partnership with DP World is a model that we are keen to develop and for the benefit of all.”

The free zone will target a wide range of businesses including warehousing, logistics, traders, manufacturers and other related businesses.

The project is also modelled on DP World’s Jebel Ali Free Zone (Jafza) in Dubai and aims to attract investments, encourage trade, create new jobs and position Berbera as a gateway port for the region.

http://www.mediaoffice.ae/en/media-cent ... iland.aspx

[Django]

Let them start with providing water to the cities.

[balwarama]

These Bedouin Arabs are day dreaming if they think they can outfox and outspend China. Forget about being investing in and taking over an other sovereign States property illegally and with no regard for international law. The Djibouti port they got chased from was taken over by China which is heavily investing in road and rail network to Ethiopia from Djibouti

[AwRastaale]

Good news.

Equipment and construction tools should start arriving soon.

All the enemies will try to destroy the deal first, then cry after realisation then beg us to give them minor contracts.

[SuldaanOfSanaag]

good time to invest in constrution companies. daryeel najax. barre constrution will get allot of contracts.

Dp world wants berbera to supply the horn and will make the port 5× bigger so the return for somaliland goverment is bigger then what they currently get from berbera.