Thursday, August 10, 2017

Somaliland: Dubai Company Commits to Berbera Port Investment

CNN ran a story on 1 August 2017 titled "Somaliland Secures Record $442m Foreign Investment Deal" by Chris Giles.

The Dubai-based DP World has agreed to invest $442 million in Somaliland's port of Berbera in the Gulf of Aden. The project will include a new shipyard, quay, and free trade zone. The expectation is that land-locked Ethiopia will take a 19 percent share in the port and use it for some of its exports and imports.

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