Somaliland: DP World to Invest US$1bn to Develop the Berbera Corridor Supply Chain Infrastructure

DP world chairman and CEO Sultan Ahmed Bin Suleiman with Somaliland President Musa Bihi at the Hargeisa presidency

Somalilandsun: The Dubai Ports-DP  World is enhancing its operational activities along the Berbera Berbera Port and corridor linking Somaliland to landlocked Ethiopia.

This development follows the arrival of a large DP world delegation to Somaliland led by its chairman and CEO Sultan Ahmed Bin Suleiman

The emirati delegation which was from Addis Ababa for very fruitful discussions with Ethiopian Authorities was received at the Somaliland presidential palace in Hargeisa by  President  Muse Bihi Abdi.

During the Ethiopia sojourn DP World, the Ministry of Transport, have signed a Memorandum of Understanding (MoU) with the aim of developing the Ethiopian side of the road linking Ethiopia to Berbera into one of the major trade and logistics corridors of the Country’s international trade routes.

In Somaliland the Emirati owned DP World which is a  leading global provider of end to end logistics solutions, has a thirty years $420m contract to manage and develop the Berbera  Port as well as the Berbera corridor linking the port to landlocked Ethiopia.

Somaliland and DP world officials pose after their meeting at the Hargeisa Presidency

As statement issued by thevoresidy press office read ” The President of the Republic of Somaliland, HE Muse Bihi Abdi, today received at the Presidential Palace a delegation led by the Chairman and CEO of DP World, Sultan Ahmed Bin Suleyman.

The meeting focused on accelerating the partnership between the Republic of Somaliland and DP World, paving the way for the opening of the first phase of the Berbera port, which has been completed and will be opened soon, and discussed how to move on to the second phase of the expansion of  Berbera Port.

Also  focused was  business opportunities surrounding the use of the Berbera port, such as the Berbera Corridor trade route and its expansion, as there will be a large number of shipments to neighboring Ethiopia and the Middle East. Africa.

They also discussed the modernization and work to facilitate customs  and Tug services.

DP world Somaliland meet in Hargeisa

The President was accompanied by the Ministers of Finance, Planning and National Development, Livestock and Fisheries Development, the Deputy Minister of Foreign Affairs and International Cooperation, the Somaliland Ports Manager, and the Ambassador. Somaliland to the United Arab Emirates and members of the Berbera port board.

ALLAH Mahad Leh

Press Office of the President of the Republic of Somaliland.

After signing the MOU in Addis Ababa the DP world CEO said “We strongly believe that developing the Berbera Corridor into one of the major trade and logistics corridors will unlock huge economic benefits for Ethiopia”

Dagmawit Moges, Ethiopia’s Minister of Transport, and Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World sign MOU in Addis Ababa

Thus DP World and its partners( Somaliland and Ethiopia)  envisage investing up to US$1bn in developing supply chain infrastructure along the Berbera corridor

The DP world visit to Somaliland and Ethiopia comes in the heels of the Hargeisabypass construction launch.

President Musa Bihi, C, and Amb Kate Foster, R, launch construction of the Hargeisa Bypass

The $17m UK funded 22.5km Hargeisabypass which was jointly launched by Presidnt Bihi and Amb Kate Foster is geared towards easing traffic congestion along the Berbera corridor in addition to attendant economic growth.