DP World Upgrading Eritrean Ports (Update)

“This Bloomberg report is inaccurate. There is NO contract between Eritrea and DP World to “upgrade, maintain Eritrean ports.” Eritrea is currently in discussions with a few potential partners.” – Gov’t official

Dubai based port operator contracted by the Eritrean government since 2018 to develop the Eritrean Ports.
Dubai based logistics operator, DP World, disclosed to Bloomberg that it is facilitating the replacement of important equipment in the port of Assab as per the request of the Eritrean gov’t. The Eritrean gov’t, however, rejects Bloomberg’s “contracting DP World to upgrade, maintain Eritrean ports” report as ‘inaccurate’.

BY TESFANEWS

Bloomberg business news today reported that the Eritrean government contracted DP World to upgrade and maintain the ports of Assab and Massawa as regional peace brings increased business to the its shores.

DP World is a world leading logistics company based in Dubai specialized in cargo logistics, port terminal operations, maritime services and free trade zones.



“DP World has facilitated the replacement of important equipment which was required and requested by the Eritrean port authorities to maintain operations and meet increase in demand for port services,” the harbor operator said in response to emailed questions by Bloomberg.

Eritrea may play a key role in DP World Ltd.’s plans in the Horn of Africa, where a dozen ports could be needed to service the region, Chief Executive Officer Sultan Ahmed bin Sulayem once said.

>> ALSO READ : DP World Eyes Eritrea’s Assab and Massawa Ports after Djibouti Troubles

Officials and technicians from Dubai Port (DP) World start to arrive in the country soon after Eritrea and Ethiopia normalized their relation by signing a historic peace deal in July 2018.

The Dubai-based company has been monitoring “opportunities in the Horn of Africa,” it said. In 2018, its stake in a port in Djibouti, Ethiopia’s main trade route, was nationalized by the government.