“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
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.
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.
— Kokob (@NeslekiEritrea) December 10, 2019
BREAKING :#DPWorld officials and technicians visited the port of Assab as preparations gather pace to open #Eritrea|n ports to #Ethiopia and regional business.#Djibouti #BeReady #Somalia #Sudan #UAE pic.twitter.com/uGW9CcFjVe
— TesfaNews ? (@tesfanews) August 4, 2018
— Kokob (@NeslekiEritrea) December 12, 2019