Guest Posts, Link Building, SEO, Pay-Per-Click campaigns
Advanced Search
Download our Media Kit

 





Home / News / Last 7 News
Last 7 News
   

DP World To Develop Free Zone In Somaliland
(7 November 2017)

 

Sultan Ahmed Bin Sulayem, DP World Group Chairman and CEO, and Dr. Saad Ali Shire, Somaliland Minister for Foreign Affairs and International Cooperation, yesterday signed an agreement to develop the Berbera Free Zone, BFZ.

The development is based on DP World’s Jebel Ali Free Zone, Jafza, and aims to attract investments, encourage trade, create new jobs, and position Berbera as a gateway port for the region.

Under the terms of the agreement, DP World will develop BFZ in phases, with the first phase focusing on 4 square kilometres of land out of the 12.2 square kilometres earmarked for the project. Future phases will be detailed in a concept plan together with the projected capital investment required from DP World for its development.

Each phase of the BFZ will start once the previous phase has achieved 85 percent occupancy. It will target a wide range of businesses including warehousing, logistics, traders, manufacturers and other related businesses.

Commenting on the signing of the agreement, Bin Sulayem said, "We are excited by Somaliland’s development opportunities which has parallels with the start of our own growth in Dubai and the UAE. We thank the people of Berbera and Somaliland for welcoming us to their country and the trust they’ve placed in us as port operators and trade enablers. Our vision is to make Berbera a trading and transportation hub for the Horn of Africa and we look forward to achieving this together."

The new facility will build on DP World’s existing operations at the Port of Berbera where it has achieved substantial production gains in recent months. In September, the port recorded the highest container volumes in its history with a 40 percent increase compared to September 2016.

DP World has begun implementing the Berbera master plan, which includes an additional 400-metre container terminal. It has also upgraded existing facilities by introducing new equipment, including two reach stackers, 10 internal transfer vehicles and five forklifts.

Download the Dubai City Guide iPhone mobile app

DubaiCityGuide.com is owned and managed by Cyber Gear


  All fields are mandatory
Your Name
Email
City
Country
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image

     
 
email print
1408
 

Sponsored By : PressReleaseNetwork.com           Sponsored Opportunities

       
       
   
       

Daily Guide

 



Hotels hotels Check out Hotels in Dubai
Shopping shopping A complete Mall & Store Guide
Dining dining Eating out at the coolest spots
Sightseeing sightseeing Things to see & do
DCG Recommends dcg recommends Best of the best in Entertainment
News Alerts
News Alerts
Stay ahead with dubai news
dcg mobile
dcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Dubai Blog
Your space, your voice
sitemap
Sitemap
DCG at a glance