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DP World to build port in Somaliland

[ September 5, 2016   //   ]

DP World has won a 30-year concession to manage and develop the port of Berbera, Republic of Somaliland. The Dubai-based ports group will set up a joint venture with 65% control together with the government of Somaliland to manage and invest in the multipurpose facility.

The investment of up to $442 million will include a first phase of a 400m quay and 250,000 sq m yard extension, and gantry cranes and reach stackers to handle containers and cargo. Construction of the quay extension is expected to start 12 months after the satisfaction of the terms and conditions of the agreement and will take 24 months to complete.

Pictured: DP World group chairman and CEO, Sultan Ahmed Bin Sulayem, with Somaliland minister of foreign affairs and international cooperation, Dr Saad Ali Shire, at the signing ceremony at Jebel Ali Port in Dubai.

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