Home » Wararka » Bariga Afrika » Ethiopia Acquires 19% Stake in Berbera Port

Ethiopia Acquires 19% Stake in Berbera Port

A press statement published on DPWORLD’s official website was stated that Ethiopia will become a shareholder of the Port of Berbera following the signing of an agreement with DP World and the Somaliland Port Authority in Dubai today. DP World will hold a 51% stake in the project, Somaliland 30% and Ethiopia the remaining 19%. The government of Ethiopia will also invest in infrastructure to develop the Berbera Corridor as a trade gateway.

In addition, DPWORLD mentioned that Ethiopian participation in the development of port of Berbera and the Berbera Corridor will help bring increased economic development and opportunity to the people of Somaliland.

It was also noted that Ethiopia will continue to further invest in and develop the Djibouti corridor and further consolidate the use of existing ports in Djibouti. It will also look for other opportunities to develop additional ports and logistics corridors in the region.

However, The Prime Minister of the Federal Government of Somalia H.E. Hassan Ali Kheyre held a press conference after his arrival from state visit to UAE and said that the FGS is not part of that deal and it’s illegitimate and he vowed that they will follow the international law to bring before the justice whosoever involved this deal.

x

Check Also

Dagaalyahano ka tirsan Alshabaab oo duqeyn lagu laayey Puntland

Ugu yaraan lix ka tirsan malayshiyaadka Al-shabaab ayaa lagu dilay duqeyn diyaaradeed oo shalay ka ...