Tag Archives: Berbera Port Deal

DP World Eyes Eritrea’s Assab and Massawa Ports after Djibouti Troubles

The Dubai-based harbor operator is evaluating its strategy and Eritrea could be key

“Eritrea’s strategic location near the Bab el-Mandeb Strait, a key shipping lane used by oil tankers & other cargo vessels en route to the Suez Canal, makes it an attractive investment destination.” – CEO, DP World

BY NIZAR MANEK | BLOOMBERG

The Red Sea state of 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 said. Continue reading DP World Eyes Eritrea’s Assab and Massawa Ports after Djibouti Troubles

Turkey-UAE Rivalry in Somalia Raising Tensions

In Somalia, which already lacks a strong central government, the foreign military presence risks aggravating matters and contributing to the country’s disintegration

Jockeying for political influence. Gulf crisis spills into Somalia, threatening its short-lived ‘peace’.

BY MUSTAFA SALAMA | MIDDLE EAST EYE

Late last month, Somalia called on the United Nations Security Council to halt the construction of a UAE military base in Somaliland. Somalia’s ambassador to the UN slammed the deal to build the base in the port city of Berbera as a “clear violation of international law”. Continue reading Turkey-UAE Rivalry in Somalia Raising Tensions

Somalia Parliament Bans DP World, Rejects Somaliland’s Berbera Port Deal With Ethiopia

No backdoor deals. Somalia Parliament banned DP World and nullified its “illegal” Berbera port development deal with Ethiopia and the autonomous region of Somaliland.

BY TESFANEWS

Somalia’s lower parliament has voted to nullify a port investment deal between DP World, Ethiopia and the autonomous region of Somaliland with a landslide 168 votes out of 170.

The agreement announced on March 1, would give landlocked Ethiopia a 19 percent stake in Somaliland’s Port of Berbera, which is being developed by DP World under a 30-year concession agreement. Continue reading Somalia Parliament Bans DP World, Rejects Somaliland’s Berbera Port Deal With Ethiopia