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MediaIn – Dubai March 4, 2018 and WAM
Dubai Ports World has signed a final agreement with the Government of Somaliland to develop a free economic zone project that integrates with Berbera Port Development Project. It will become a regional hub and hub for various goods imported from regional and international markets, attracting investors and diversifying the economy and creating hundreds of jobs.
The agreement was signed in Dubai last week by Sultan Ahmed bin Sulayem, Chairman and CEO of Dubai Ports World and Dr. Saad Al-Sheiri, Minister of Foreign Affairs and International Cooperation of the Republic of Somaliland, in the presence of officials from both sides.
Under the terms of the agreement, the free zone project will be built on existing facilities at Dubai Ports World – Berbera, covering an area of 12 square kilometers while the first phase is expected to be implemented during the current year.
The International Ports of Dubai have received the management of the port of Berbera in the Republic of Somaliland since March last year and has made qualitative leaps since then in boosting its productivity.
Plans for the development of the port of Berbera, according to the master plan, include the construction of an additional berth in the port. DP World has already implemented the master plan for the development of the port, upgrading the existing facilities and providing new equipment to enhance the efficiency of its operations and productivity, including new cranes, the first of which will be received later this year.
