Tag Archives: Somaliland Port

Dubai Leases Berbera Port for 30 years; Opening 2nd Door for Landlocked Ethiopia

Berbera Port deal
DP World signs a $442m joint venture with Somaliland to ‘invest and manage’ Port of Berbera with the aim to transform it into a regional and logistic hub. Landlocked Ethiopia welcomes the unexpected opportunity that opened a second door besides Djibouti ports.

By Tesfa Mogessie | Addis Fortune,

Dubai’d DP World landmark deal with authorities in Somaliland to jointly develop the Port of Berbera is a welcome development for Ethiopia, according to a senior Ethiopian government official.
The Dubai-based company has signed an agreement with the Government of Somaliland, a self-declared breakaway republic of Somalia, to co-invest 442 million dollars in the Port, to manage it under concession for 30 years. The deal was made early last week in Hargessa, the capital of Somaliland, between its Foreign Minister, Saad Sli Shire (PhD), and Sultan Ahmed Bin Sulayem, chief executive of DP World, one of the world’s largest port operators. Continue reading Dubai Leases Berbera Port for 30 years; Opening 2nd Door for Landlocked Ethiopia

Ethiopia, Somaliland Sign Accord to Use Berbera Port

As famine stalks on millions of Ethiopians, landlocked Ethiopia finally forced to take practical actions and look for alternative ports on top of  the tiny and highly congested Djibouti port. According to the new deal, Ethiopia will divert 30 percent of its import and export to Somaliland’s Berbera Port.

By William Davison | for Bloomberg,

Ethiopia signed a deal to boost trade through Somaliland’s Berbera port amid congestion at a facility in neighboring Djibouti, officials said.

Tariffs have been revised and a committee established to manage joint operations as part of the agreement signed on March 31, Sharmarke Jama, an economy and trade adviser for the foreign ministry in the semi-autonomous Somali region, said on Monday. Continue reading Ethiopia, Somaliland Sign Accord to Use Berbera Port