Port of Berbera concession

Overview:

• Port of Berbera concession.
• The Government of Somaliland, a self-declared autonomous state of Somalia, has entered into a 30-year concession and joint venture arrangement with DP World to develop the Port of Berbera.
• The project will require an investment of €442 million, transforming the existing port and positioning it as a key transport and logistics hub for the region.
• The financing arrangements for the project have yet to be determined, with a decision pending on whether funding will come from DP World's balance sheet, project financing, or both.  
• DP World currently operates more than 75 terminals worldwide, and is keen to open a point of access to the Red Sea. 

John Crabb - Journalist