Somalilandsun- Eritrea’s strategic location near the Bab el-Mandeb Strait, a key shipping lane used by oil tankers and other cargo vessels en route to the Suez Canal, makes it an attractive investment destination for logistics companies.
In this regard DP world a global ports operator owned by United Arab Emirates is reportedly pursuing concessions to manage Eritrea’s Assab and Massawa ports.
“Apart from its strategic location Eritrea is also a gateway to other nations in the region, DP World CEO Sultan Ahmed bin Sulayem told Bloomberg
While the Emirati global enabler has a 30 years concession to manage Berbera port in Somaliland Worth over $400m, its troubles with Djibouti with which it is embroiled in a legal tussle over withdrawn contract to operate the tiny African country’s Doraleh Container Terminal.
In lieu of the now in limbo presence in Djibouti and With the UAE intent on boosting trade flows to Dubai as well other geopolitical interests in the Horn of Africa region, DP World is Eyeing partnership with Eritrea through concessions at both Assab and Massawa ports
Continue Reading DP World Sees Key Role for Once-Isolated State in Ports Plan