Somaliland sun- This month DP World signed a US$442 million agreement with the government of Somaliland to develop and operate a regional trade and logistics hub at the Port of Berbera.
The project, which will be phased in, will also involve the setting up of a free zone.
The agreement comes as part of a larger government-to-government memorandum of understanding between the Dubai and the government of the Republic of Somaliland to further strengthen their strategic ties.
“I am very bullish about Africa and I believe it still has a very huge potential,” the DP World chairman Sultan bin Sulayem told The National during his first trip to Somaliland last week.
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