DP World Kicks Off Berbera Port Development Project
- Business & Finance
Construction work on the development of the multi-purpose Berbera Port in the Republic of Somaliland officially started earlier this week with a special ground-breaking ceremony to mark the occasion, DP World said in its latest release.
The first phase will consist of building a 400 meter quay and 250,000 square meter yard extension as well as the development of a free zone to create a new regional trading hub.
H.E. President of the Republic of Somaliland, Muse Bihi Abdi and DP World Group Chairman and CEO Sultan Ahmed bin Sulayem launched the first phase of work and thanked attending government officials and partners for their support at the start of a new era of growth for the country.
DP World Berbera, the joint venture company, will also serve land locked countries in the Horn of Africa such as Ethiopia which has a 19% stake in the project as a shareholder.
Long term DP World partner Shafa Al Nahda Contracting has been awarded the construction contract for the port expansion.