DP World’s Port of Berbera Project Gets Underway

UAE’s port developer DP World has launched activities aimed at developing Berbera port in the Republic of Somaliland.

Namely, the company marked the official commencement of the 30-year port concession for the management and development of a multipurpose port project at Berbera.

DP World won the concession in September 2016, with an automatic 10-year extension. To that end, DP World has set up a joint venture with 65% control together with the government of Somaliland to manage and invest in the port.

The project will focus on containers with the capability to handle other types of cargo as well.

In line with the terms of USD 442 million worth investment, the port’s development will consist of two phases, the first being the building of a 400 metre quay and 250,000 square metre yard extension as well as the development of a free zone to create a new regional trading hub.

Construction of the quay extension is expected to take 24 months to complete, DP World said earlier. 

“These are exciting times for our industry and for Africa, and we’re grateful for the opportunity to be an integral part of Somaliland’s development. Investment in this natural deep-water port and free zone will act as a catalyst for the growth of the country and the region’s economy,” DP World Group Chairman & CEO Sultan Ahmed bin Sulayem, said.

“Our next steps will be to construct a new quay and yard, implement a terminal layout and add new yard equipment. We’re also working on a long term strategic plan for sustainability projects,” DP World Berbera CEO Ibrahim Al Hammadi, added.

As disclosed, since beginning operations in early March, DP World has retained all 713 permanent employees and begun training and staff development to prepare them for roles in a modern port.

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2018 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

TRANSTEC 2018

TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

The 27th World Gas Conference

The 27th World Gas Conference is the leading global industry event and is the definitive gathering of influential leaders, buyers and sellers, policy-makers and experts from around the world.

You will hear critical business insights and lively debates on the most topical issues facing the global gas industry today and in the future.

From 25-29 June 2018, Washington DC is expected to host 12,000 attendees, 500 speakers and 350 exhibitors representing, more than 600 companies from 100 countries.

Presented by the IGU, this is the largest and most high-profile gas event that is conducted by the industry for the industry.

Read More

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >