#BerberaPort

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Somaliland’s Berbera Port as Key Spot in Red Sea Geopolitics

#Somaliland's #BerberaPort is emerging as a #strategic hub in #RedSea #Geopolitics, driving regional commerce & economic growth. Its expansion boosts Somaliland's #economy, creating jobs & revenue streams. #RedSeaGeopolitics

Continue reading Somaliland’s Berbera Port as Key Spot in Red Sea Geopolitics

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Turkey says Somalia and Ethiopia will resume discussions on port deal

Turkey says Somalia and Ethiopia will resume discussions on port deal #AbiyAhmed #Berberaport #Ethiopialease

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DP World and Somaliland open new terminal at Berbera Port

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DP World and Somaliland open new terminal at Berbera Port

Expanded port, economic zone and Berbera corridor will transform Berbera into an integrated maritime, industrial and logistics hub in the Horn of Africa.

Berbera Port’s new container terminal inaugurated, has capacity for 500,000 TEUs a year; Second phase expansion of terminal will increase capacity up to two million TEUs a year; Berbera Economic Zone under development aims to attract investment and new businesses, and to create jobs; Expanded port, economic zone and Berbera corridor will transform Berbera into an integrated maritime, industrial and logistics hub in the Horn of Africa.

DP World, a leading provider of integrated logistics solutions, and the Government of Somaliland, yesterday inaugurated the new container terminal at Berbera Port, following completion of the first phase of the port’s expansion as part of its development into a major regional trade hub to serve the Horn of Africa.

The new terminal was officially opened by His Excellency Muse Bihi Abdi, President of Somaliland, and Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, at a special event attended by over 200 guests, including a Government delegation from Ethiopia, led by their Excellencies Ahmed Shide, Minister of Finance and Dagmawit Moges, Minister of Transport.

The event also included a symbolic ground-breaking for the new Berbera Economic Zone, the first phase of which is under construction.

The new container terminal with a deep draft of 17m, a quay of 400m and three ship to shore (STS) gantry cranes, can handle the largest container vessels in operation today, and increases the port’s container capacity from current 150,000 Twenty Foot Equivalent Units (TEUs) to 500,000 TEUs annually.

The terminal also includes a modern container yard with eight rubber tyred gantry cranes (RTGs). A new port One Stop Service Centre is also currently being built and will be ready in quarter three this year.

DP World has committed to investing up to US$442 million to develop and expand Berbera Port, and with the first phase now complete, Mr bin Sulayem also announced that work is already underway to further expand the port in a second phase.

This includes extending the new quay from 400 to 1,000 metres, and installing a further seven STS gantry cranes, increasing the total from three to 10, enabling the port to handle up to two million TEUs a year, and multiple large container vessels at the same time.

Part of the overall Berbera plan and modelled on DP World’s Jebel Ali Free Zone in Dubai, the economic zone is linked to the port and strategically located along the Berbera to Wajaale road (Berbera Corridor).

The economic zone will serve as a centre of trade with the aim to attract investment and create jobs, and will target a range of industries, including warehousing, logistics, traders, manufacturers, and other related sectors.

It will allow producers, suppliers, and customers to operate in a conducive and competitive environment for investment and trade.

DP World and Somaliland open new terminal at Berbera Port, Announce Second Phase Expansion and Break Ground for Economic Zone

The Berbera Corridor road upgrade project, funded by the Abu Dhabi Fund for Development (ADFD) and the UK’s Department for International Development (DFID), and the Hargeisa Bypass Road funded by UK Aid, is set for completion in quarter four, 2021 and quarter three 2022, respectively.

The road will link to the existing modern highway on the Ethiopian side and position Berbera as a direct, fast, and efficient trade route for Ethiopian transit cargo.

His Excellency Muse Bihi Abdi, President of Somaliland, said: “This is a proud and historic moment for Somaliland and its people, as the completion of the first phase has made our vision of establishing Berbera with its strategic location into a major trade hub in the region a reality.

With the new terminal, along with the second phase of expansion and economic zone along the Berbera corridor, we are now firmly positioned to further develop and grow our economy through increased trade, attracting foreign direct investment and creating jobs”.

Sultan Ahmed Bin Sulayem, DP World Group Chairman and CEO, said: “Our further expansion of the port in a second phase, and its integration with the special economic zone we are developing along the Berbera Corridor, reflects our confidence in Berbera and intent to develop it into a significant, world-class centre of trade.

It will be a viable, efficient and competitive option for trade in the region, especially for Ethiopian transit cargo”.

DP World Berbera, which began operations at the port in March 2017, has since increased volumes by 35 percent and vessel productivity by 300 percent, and reduced container vessel waiting time from four to five days, to only a few hours.

DP World and the Ethiopian Ministry of Transport signed a Memorandum of Understanding (MoU) in May this year, with the aim of developing the Ethiopian side of the road linking Addis Ababa to Berbera, into one of the major trade and logistics corridors of the country’s international trade routes.

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Ethiopian Government Considers Berbera Port for Fuel Imports as Djibouti Depot Faces Capacity Declines

#Ethiopia considers #Somaliland's #BerberaPort for #Fuel imports due to capacity declines at #Djibouti's #HorizonOilStorageDepot. The move aims to address fuel supply chain disruptions & ensure a consistent supply. #Energy

Continue reading Ethiopian Government Considers Berbera Port for Fuel Imports as Djibouti Depot Faces Capacity Declines

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India’s Nexus with the Republic of Somaliland

#India deepens ties with #Somaliland, bolstering economic & cultural cooperation. Strategic #BerberaPort offers a gateway to the Indian Ocean & a counterbalance to Chinese maritime ambitions. Could recognition be the next step?

Continue reading India’s Nexus with the Republic of Somaliland

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Rising Tensions as Djibouti Faces Economic Strain, Somaliland Stands Firm

Rising economic strains in #Djibouti r amplifying tensions with #Somaliland, which stands firm amid external pressures. As #BerberaPort gains supremacy, DJ’s reliance on its port model reveals vulnerabilities. Increased militarization & hostile tactics may destabilize the region.

Continue reading Rising Tensions as Djibouti Faces Economic Strain, Somaliland Stands Firm

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A $2 Trillion Reckoning Looms as Ports Become Pawns in Geopolitics

#Somaliland emerges as a crucial chess piece in global #Geopolitics. #BerberaPort is among 8 of “the world’s most dynamic ports [that help] crystallize the complicated #Geoeconomic strategies at play.. #GlobalTrade

Continue reading A $2 Trillion Reckoning Looms as Ports Become Pawns in Geopolitics

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Ethiopia Rejects New Offer of Port Use From Somalia

#Ethiopia has rejected #Somalia's offer to use #HobyoPort, reportedly opting instead for #Somaliland's #BerberaPort, a fully operational port developed by @DP_World. Talks mediated by #Turkey are ongoing in Ankara. #EastAfrica

Continue reading Ethiopia Rejects New Offer of Port Use From Somalia

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Revolutionizing Cargo Screening: Fast and Efficient Container X-ray Services Introduced at Berbera Port

Revolutionizing #CargoScreening at #BerberaPort! New container X-ray services were introduced, streamlining inspections, enhancing security & boosting efficiency. A major leap forward for trade & commerce in #Somaliland. #TradeFacilitation

Continue reading Revolutionizing Cargo Screening: Fast and Efficient Container X-ray Services Introduced at Berbera Port

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The Berbera Breakthrough: Somaliland’s Ascent in the Horn of Africa

#Somaliland's strategic partnership with #Ethiopia through #BerberaPort #MoU is a game-changer. This mutually beneficial deal secures trade access for ET & international recognition for SL. A milestone in SL's ascent in the #HornOfAfrica

Continue reading The Berbera Breakthrough: Somaliland’s Ascent in the Horn of Africa

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Ethiopian Delegation On Their Way To Somaliland In Hopes Of Regaining 19% Stake In Berbera Port

Following the #Somaliland government's announcement that #Ethiopia had lost its 19 percent stake in the #BerberaPort due to failing to meet the ownership requirements, the delegation hopes of winning back.

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Berbera Port Recognized As 2nd Best-Ranked Container Ports In Sub-Sahara

@WorldBank listed #BerberaPort in #Somaliland & #DjiboutiPort highly in its latest #Container Port Performance Index (#CPPI) #Report. According to the report, It is situated in a key strategic location & significant improvements have been made to Its infrastructure.

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DP World Develops Edible Oil Terminal At Port Of Berbera

@DP_World sees its #Somaliland operation as a spur for #economic #development in the #HornOfAfrica. A new #OilTerminal will take advantage of the #BerberaPort’s #EconomicZone

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Infrastructure Is Key To Unlocking Africa's Economic Potential

@ssulayem said #BEZ & #BerberaPort in #Somaliland are precisely the kind of investments that can start unlocking the economic possibilities for the #HornOfAfrica. According to @somalilandmfa, It could create more than 12K direct employment opportunities & over 50K indirect jobs

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Somaliland's Road To Recognition Passes Through Ethiopia

#Ethiopia has not followed up on its initial interest to become a direct shareholder of the #BerberaPort, thus jeopardizing the real prospect of the whole project and #Somaliland’s ambition to make it a key milestone on the road to independence.

The port of Berbera could be transformative but has little gravity on its own Jacopo Dettoni Summary  Although not formally recognized as a sovereign state, Somaliland has been functioning as one since 1991.  FDI is helping the government in Hargeisa to strengthen its independence push.  The Berbera port is the country’s most valuable strategic asset.  DP World has spent $250m to boost…

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The Somaliland Port of Berbera is set to become the most modern port in the Horn of Africa and East Africa coastline once inaugurated. Facilities and services will surpass those in neighboring Djibouti according to the contractors. DP World, the Dubai maritime company that is involved in the expansion of the port has projected to complete work by February next year.