GLOBAL TRADE ENABLER DP WORLD MARKS START OF CONCESSION IN SOMALILAND

0
Saturday May 13, 2017 - 15:44:10 in by Abdikarim Saed Salah
  • Visits: 156
  • (Rating 0.0/5 Stars) Total Votes: 0
  • 0 0
  • Share via Social Media

    GLOBAL TRADE ENABLER DP WORLD MARKS START OF CONCESSION IN SOMALILAND

    GLOBAL TRADE ENABLER DP WORLD MARKS START OF CONCESSION IN SOMALILAND

    Share on Twitter Share on facebook Share on Digg Share on Stumbleupon Share on Delicious Share on Google Plus

GLOBAL TRADE ENABLER DP WORLD MARKS START OF CONCESSION IN SOMALILAND
Media
Release
GLOBAL TRADE ENABLER DP WORLD MARKS START OF
CONCESSION IN SOMALILAND
$442 million project to develop Port of Berbera underway
Dubai, United Arab Emirates
, 11
May
,
2017:
Global trade enabler DP World
has
celebrate
d
its 30
-
year port concession for the
management and development of a multi
-
purpose port project at Berbera, Republic of Somaliland
which started on
2 March
2017
.
H.E.
President of
the Republic of
Somaliland
,
Ahmed Mohamed Mohamoud
and
DP World
Group Chairman and CEO Sultan Ahmed bin Sulayem
were present
at a ceremony to mark
the occasion and
thanked attending government officials and
partners
for their support
at
the
start a new phase of development for the country.
DP World Berbera
compl
i
ments the company’s investment in Djibouti
and will also serve
land
locked countries in the
Horn of Africa
.
The investment of up to $442 million will
consist of two
phases
,
the first being the building of
a 400 metre quay and 250,000 square metre yar
d
extension
as well as the development of a free zone to
creat
e
a
new
regional trading hub
.
DP World Group Chairman & CEO Sultan Ahmed bin Sulayem
,
said:
"Th
is is part of
our
vision to act as an enabler of trade and to facilitate growth by
helping
African countries
develop their infrastructure that connects them to global markets.
"Th
ese are exciting times for our industry
and for Africa,
and we’re grateful for the
opportunity to be an int
egral part of Somaliland’s
development.
Investment in this n
atural
deep
-
water port
and free zone
will act as a catalyst for
the
growth of the country and the
region’s economy.
"
I’d like to thank the Government and the People of Somaliland for having the vision to take
the necessary steps to allow
us
to invest in t
he Port of Berbera.
I would
also
like to thank
the Mayor of Berbera and the Governor of Sahil for welcoming the DP World team and
making them feel at home
.”
President of Somaliland Ahmed Mohamed Mohamoud
Silanyo
,
said:
"
This DP
W
orld
investment in the Port of Berbera will strengthen the relationship between the Republic of
Somaliland and the UAE which existed for many centuries in the past. Additionally, it will bring
back and highlight the commercial position and importance of th
e Port of Berbera
as a Red Sea
gateway for the Middle East and Africa.
"
DP World
Berbera
CEO Ibrahim Al Hammadi
,
said:
"
We have found the people of Berbera
to be welcoming and industrious
and
I would like to thank the staff
here
for their support and
enthusiasm as we start
our plans
to
modernise the p
ort
and upgrade its facilities.
"Our next steps will be to construct a new quay and yard, implement a terminal layout and add
new yard equipment. We’re also working on a long term
strategic plan
for sustainability
projects. We look forward to working together with the people of Berbera to restore its
historical role as a major trade hub on the
R
ed
S
ea.”
Since beginning operations in early March, DP World has retained all 713 permanent employees
and begun
trai
ning
and staff development to prepare them for roles in a modern port.
DP World Berbera support
s
the local community with visits and engagements
to
12 local
schools,
the
Fisheries and Maritime Academy
and
Berbera Hospital
.
Meanwhile,
DP World is
working closely with the local government to invest in sustainable solutions
tackling
water
scarcity, having a
lready delivered 4.5 million li
tres of water to
15,000 local families.
-
ENDS
-
Photo Caption:
H.E. President of the Republic of Somaliland, Ahmed Mohamed Mohamoud
Silanyo
and
DP World Group Chairman and CEO Sultan Ahmed bin Sulayem
at the official
opening of DP World Berbera.
For DP World media enquiries please contact:
Sanaa Maadad
Corporate Communications
Manager
DP World
Tel: +971 505522610
sana.maadad@dpworld.com
Mike Vertigans
Senior Corporate
Communications Manager
DP World
Tel: +971 566769324
michael.vertigans@dpworld.com
Follow DP World on:
Twitter:
https://twitter.com/DP_World
LinkedIn:
https://www.linkedin.com/company/dp
-
world
About DP World:
DP World
1
is a leading enabler of global trade and an integral part of the supply chain.
We operate multiple yet related businesses
from
marine and inland terminals, maritime services,
logistics and ancillary services to technology
-
driven trade solutions.
We have a portfolio of 7
8
operating marine and inland terminals supported by over 50 related businesses
in 40 countries across six contin
ents with a significant presence in both high
-
growth and mature markets.
We aim to be essential to the bright future of global trade, ensuring everything we do has a long
-
lasting
positive impact on economies and society.
Our dedicated team of over 3
6
,
5
00
employees from 1
03
countries cultivates long
-
standing relationships
with governments, shipping lines, importers and exporters, communities, and many other important
constituents of the global supply chain, to add value and provide quality services today an
d tomorrow.
Container handling is the company’s core business and generates more than three quarters of its
revenue. In 201
6
, DP World handled
around 64 million TEU (twenty
-
foot equivalent units) across our
portfolio. With its committed pipeline of develop
ments and expansions, the current gross capacity of 84.6
million TEU is expected to rise to more than 100
million TEU by 2020, in line with market demand.
By thinking ahead, foreseeing change and innovating we aim to create the most productive, efficient a
nd
safe trade solutions globally.
1
As of
April
201
7


Leave a comment

  Tip

  Tip

  Tip

  Tip

  Tip