Xaaji Xunjuf

Somaliland Berbera port inaugaration and Ethiopian delegation UAE delegation pics

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DP World and Somaliland open new terminal at Berbera port

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Thursday June 24, 2021

DP World and Somaliland opened a new container terminal at Berbera Port, with work under way to further expand the terminal's capacity and develop it into a major regional trade hub serving the Horn of Africa.

The newly opened container terminal increases the port's container capacity from current 150,000 Twenty Foot Equivalent Units (TEUs) to 500,000 TEUs annually.

"With the new terminal, along with the second phase of expansion and economic zone along the Berbera corridor, we are now firmly positioned to further develop and grow our economy through increased trade, attracting foreign direct investment and creating jobs," Muse Bihi Abdi, president of Somaliland, said.

DP World and Somaliland opened a new container terminal at Berbera Port, with work under way to further expand the terminal's capacity and develop it into a major regional trade hub serving the Horn of Africa.

The newly opened container terminal increases the port's container capacity from current 150,000 Twenty Foot Equivalent Units (TEUs) to 500,000 TEUs annually.

"With the new terminal, along with the second phase of expansion and economic zone along the Berbera corridor, we are now firmly positioned to further develop and grow our economy through increased trade, attracting foreign direct investment and creating jobs," Muse Bihi Abdi, president of Somaliland, said.

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The  Ethiopian share is 19 percent  the dubai share is 51. The somaliland share is 30 percent. This is agreement is 30 years. After that somaliland will earn 100 percent of all revenues. 

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The port being built is bigger than Mogadishu 

$16 million not bad,.with all shareholders involved. 

30 years, wow!

 

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galbeedi   

Xaaji,

30 year, 16 million a year, that  is very cheap. Which means Somaliland will make $480 million for 30 years. 

That price would have been fair if it was coupled with another half billion developments. Unless you are in rush to make few millions and then disappear like Siilaanyo and company did. Do these people think that the gulf boys are the only players in town.

Maxaad ula yaabi Soomaali khaliij iyo Carab ayey dunuda ka garanayaane.

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fais   
13 hours ago, galbeedi said:

Xaaji,

30 year, 16 million a year, that  is very cheap. Which means Somaliland will make $480 million for 30 years. 

That price would have been fair if it was coupled with another half billion developments. Unless you are in rush to make few millions and then disappear like Siilaanyo and company did. Do these people think that the gulf boys are the only players in town.

Maxaad ula yaabi Soomaali khaliij iyo Carab ayey dunuda ka garanayaane.


There was many other candidate beside DP World and no it's not 16 million (where is that number even coming from) it's much more than that.   


The port is gonna be the biggest in the Africa...

 

 

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