The final contract to build a greenfield economic free zone in Somaliland to complement the expansion of the Port of Berbera has been signed between DP World and its government in Dubai.
The port operator mentioned in a statement that it expects to break ground on the 12 square kilometre free zone project this year.
Situated next to the port, it will assist the development of Berbera as a regional trading hub and create jobs.
Sultan Ahmed Bin Sulayem, Chairman and CEO of DP World Group stated that, “Our vision for Berbera is to make it a regional maritime hub in the Horn of Africa and its development will encourage growth for the region’s economy.”
He also added, “It’s also a boost for local prosperity – jobs for the people of Somaliland and future generations. We look forward to bringing our global experience here and to help develop the Berbera Corridor, which is key to encouraging regional economic activity.”
Republic of Somaliland Minister of Foreign Affairs and International Co-operation, Dr Saad Al Shire stated, “Developing a free zone will complement the growth of Berbera Port, enabling it to become a gateway for trade to the region and the whole of Africa.”
He also added that, “It will also generate jobs for the local population and encourage small and medium-sized companies in the area to locate their operations in an environment conducive to trade. Our partnership with DP World is a model that we are keen to develop and for the benefit of all.”
The free zone will aim at a wide range of businesses including logistics, traders, warehousing, manufacturers and other related businesses.
The project is also designed on DP World’s Jebel Ali Free Zone (Jafza) in Dubai and focuses to attract investments, encourage trade, create new jobs and position Berbera as a gateway port for the region.
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