WebMay 6, 2024 · Dubai-based ports operator DP World and Ethiopia’s Ministry of Transport signed an agreement to develop the road linking Ethiopia to Berbera in Somaliland into a trade and logistics corridor. DP World and its partners plan to invest up to $1 billion over the next 10 years to develop supply chain infrastructure along the corridor, the company ... WebOct 13, 2024 · AddThis Utility Frame. UK investment group to inject $320m into Berbera port upgrade. Wednesday October 13, 2024. Mogadishu (HOL) - The UK development finance agency CDC Group has said it will be investing over $300 million in Berber Port to transform the Somaliland-based port into a significant water transport hub in the region.
Berbera Port - DIIS
WebJun 29, 2024 · DP World, the main investor in Berbera Port expansion and Berbera Corridor, also manages Bosaso Port through P&O, a company it acquired in 2024. The UAE uses those concession agreements as a leverage to deepen its influence on Somali politics. It was not in Somalia’s interest to end the transition without putting in place a … WebJun 24, 2024 · DP World has committed to investing up to US$442 million to develop and expand Berbera Port, and with the first phase now complete, Mr bin Sulayem also announced that work is already underway to ... earth orbital speed mph
DP World and CDC Group to Widen Berbera Port Capacity
WebFeb 14, 2024 · Furthermore, DP World investment in Berbera was brokered by Ethiopia with the agenda to expand and reinforce its regional hegemony. Footnote 83 The limited external intervention in Somaliland in the past has buttressed the effort of local actors. DP World’s investment in Berbera and the UAE military base that followed may have … WebJun 25, 2024 · BERBERA, Somalia - DP World is investing at least $442 million in Somaliland, a breakaway region in northern Somalia, in a bid the extend the Berbera Port, which was launched recently, and attended by … WebJul 27, 2024 · The first phase of Berbera port’s expansion began in October 2024, when President Abdi and I broke ground to start construction. Just two and half years on, we … earth orange rgb