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RoobleAlWaliid wrote:

Machiavelli2 wrote:Maashallah, Turkey proved from time to time a true friend of Somalis. They are building good infrastructure for the people and not handing $$$ to corrupt politicians to embezzle it. Jazaaakuhumulaahu Kheeyrun.

gacankudhiigle wrote:dadkani dawarsi badanaa dawarsigu miyuunan ka dhamaan subxanallah

A Somali Cabinet spokesman has confirmed that Turkish firm Al Bayrak will manage Mogadishu's port in a two-decade contract.

Mr Ridwan Haji Abdiweli on Sunday said that the council of ministers had endorsed an agreement reached by the Somali government and the Turkish company last week.

"The Ministry of Public Works and Marine Transport signed an agreement with Al Bayrak on the 24th of October, the Cabinet spokesman said."

"The (Turkish) company is to manage the harbour for a period of 20 years."

The Somali government expects that the services rendered by Al Bayrak will significantly boost its revenues as it recovers from years of civil war that devastated the economy.

"Apart from taxes collected by the customs and excise department, Al Bayrak is likely to boost the monthly income currently ranging between $200,000 and $300,000 to $6.5m," a government statement said.

The firm will rehabilitate, refurbish and modernise the port, the statement added.

Al Bayrak becomes the latest Turkish firm to land a major infrastructure contract in the Horn of Africa country.

In September, Favori LLC took over the management and logistics of Mogadishu’s Aden Abdulle International Airport.

Favori signed an agreement with the Somali ministry of Communication, Post and Transport and started operations on September 15.

Turkey is heavily involved in the rebuilding effort in the country.

Turkish Airlines is the only international airline that lands at Mogadishu’s airport.

Favori LLC and Al Bayrak’s contracts are expected to open the way for more investment and competition in the fully liberalised Somali economy.

SOMALIA: Turkish company transfers $1.582,000 to Somali Government as port revenue of a month (Photos)
Posted on November 5, 2014Somali News

Mog-portMogadishu (RBC) Tukish Albayrak Group, which manages the port of Mogadishu issued on Tuesday a statement about the achievements, has been accomplished in the past month.

Director General of the Al-Bayrak Group in Mogadishu, Mustafa Levent Adali said in the report that the Mogadishu seaport was making significant progress during the last month.

Mustafa Levent Adali added that the Albayrak Group have transferred $1.582,000 million dollars to the federal government of Somalia, which he said is a huge progress was made ​​during in one month.

The Al-Bayrak Group‘s report noted that the economic development of the Mogadishu port came without increasing the cost of the merchandise, but also reduced more than 11%.