DP World gets 30-year port concession in Somaliland
Global trade enabler DP World has celebrated its 30-year port concession for the management and development of a multi - purpose port project at Berbera, Republic of Somaliland which started on 2 March 2017. H.E. President of the Republic of Somaliland, Ahmed Mohamed Mohamoud and DP World Group Chairman and CEO Sultan Ahmed bin Sulayem were present at a ceremony to mark the occasion and thanked attending government officials and partners for their support at the start a new phase of development for the country.
DP World Berbera complements the company’s investment in Djibouti and will also serve land locked countries in the Horn of Africa. The investment of up to $442 million will consist of two phases, the first being 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.
Since beginning operations in early March, DP World has retained all 713 perman ent employees and begun training and staff development to prepare them for roles in a modern port. DP World Berbera supports the local community with visits and engagements to 12 local schools, the Fisheries and Maritime Academy and Berbera Hospital. DP World is working closely with the local government to invest in sustainable solutions tackling water scarcity, having already delivered 4.5 million litres of water to 15,000 local families.
