Berbera port key to reinforce firm relationships between Ethiopia and Somaliland: President
Addis Ababa, October 12, 2018 (FBC) – Construction work on the development of the multi-purpose Berbera port in Somaliland has started with a special ground-breaking ceremony to mark the occasion.
President of Somaliland, Muse Bihi Abdi and DP World Group Chairman and CEO Sultan Ahmed bin Sulayem launched the first phase of work.
DP World holds a 51 per cent stake in the Berbera port, while Ethiopia holds 19 per cent and Somaliland the rest.
The first phase will consist of building 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.
Shafa Al Nahda Contracting have been awarded the construction contract for the port expansion, according to a press release issued by DP World.
DP World Group Chairman and CEO Sultan Ahmed bin Sulayem said, “We are delighted that construction work has begun and over the next few years we will see a transformation in the capacity of this major infrastructure asset that will benefit people both here and across the Horn of Africa, providing an alternative gateway to international markets and providing jobs to the people of Somaliland.”
President of Somaliland Muse Bihi Abdi said, “Today is a historic day as we mark another major milestone in the development of our economy and by investing in our infrastructure we will be able to grow for the benefit of our people, the region and beyond.
Connecting to landlocked countries such as Ethiopia and the rest of the region will reinforce the firm relationships that now exist and make Somaliland an important player in regional economic integration and growth.
The importance of the Port of Berbera as a Red Sea gateway for the Middle East and Africa can now be realised, unlocking our potential as a trade hub, and creating jobs across the country.”