Tag: DP World

DP World would be the winner if Somaliland-Ethiopia MOU sails through

By Gavin van Marle Everywhere you look across supply chains, one geopolitical play after another is forcing hands, calling bluffs, always bringing consequences, intended or otherwise. The latest is the signing of an MoU between Ethiopia and Somaliland, essentially exchanging official recognition of the latter as an independent state in…

Business News 7 Min Read

DP World’s entry in Tanzania confirms its dominans in Africa’s freight industry

A multimillion-dollar deal signed between Emirati maritime giant DP World and Tanzania on Sunday looks set to further entrench the dominance of the United Arab Emirates (UAE) in Africa’s freight industry. Reports of the $250m (£205m) deal first emerged in July, sparking criticism by the opposition that it “violated Tanzania’s…

Business News 6 Min Read

DP World to develop new edible oil terminal at Port of Berbera

DP World, the Dubai-based global port operator, is set to develop a new edible oil terminal at the Port of Berbera in Somaliland. The facility is expected to reduce supply chain costs and create local jobs. DP World has already agreed to a long-term lease for the terminal. With an…

Business News Somaliland 7 Min Read

DP World, Somaliland government launch Berbera Economic Zone

DP World and the Government of Somaliland have launched the new Berbera Economic Zone (BEZ), which, along with the Port of Berbera, is converting the area into a significant trading hub in the Horn of Africa. At a special event attended by several hundred guests, His Excellency Muse Bihi Abdi,…

Business News 3 Min Read

DP World to expand the Port of Berbera of Somaliland

United Arab Emirates based maritime operator DP World has set in place plans to further expand the Somaliland's Port of Berbera after completion of Phase 1 of the project. This will require extending the quay from 400m to 1,000m and buying seven more STS gantry cranes. The completion of Phase…

Business News Somaliland 3 Min Read

DP World to launch Berbera Economic Zone

The DP world is set to launch the Berbera Economic Zone in Somaliland to create an integrated maritime, logistics, and industrial platform to serve the Horn of Africa and Ethiopian markets. This follows its huge investment of over $442 million in expanding the Port of Berbera. The Port of Berbera…

Business News 4 Min Read

IFFCO to develop edible oil packing plant in Somaliland

DP World has signed a lease and collaboration agreement with UAE-based food producer IFFCO, for an edible oil packing plant in the Berbera Economic Zone (BEZ) in Somaliland. IFFCO’s subsidiary, IFFCO Somaliland signed a 25-year lease with BEZ to develop a 300,000-square-foot packing facility, with future expansion plans covering another…

Business News 7 Min Read

DP World return to Bosaso will spur econic growth in the region

The recent return of maritime operator DP World’s to the Puntland’s port of Bosaso has instigated optimism across the city with hopes of revamping the economy of the region. According to a report by Mohamed Hassan Ibrahim, a research consultant in the port infrastructure project, an upgraded port could bolster citizens’…

Business News 2 Min Read

DP World wins another ruling in battle over Djibouti port

Dubai-based shipping giant DP World said Tuesday it has won another ruling in a longstanding legal battle over the operation of a strategic port in the African nation of Djibouti. Dubai-based DP World said an appeals court in Hong Kong agreed with its request to keep its lawsuit against China Merchants Port Holdings…

Business News 7 Min Read

Waiting for Ethiopia: Berbera port upgrade raises Somaliland’s hopes for trade

Berbera port is the main overseas trade gateway of the breakaway Republic of Somaliland. The port city is located on the Gulf of Aden – one of the globally most frequented seaways connecting the Indian Ocean and the Mediterranean. Only a few years ago, Berbera port was a dilapidated runway, originally built…