Barawe Port Deal

[Hilmaam]

Rumour is Kuwait taking over the place and dropping big bucks. fire sale going on in somalia

 

[Hilmaam]

Abiye ahmed like everyone gets somalia ports but me

 

[ggoat]

Great deal for Kuwait

 

[Chaseyourdreamzz]

200km surrounding baraawe this has to be a joke ?

 

[ggoat]

If Southwest can take control of security and remove Al-Shabaab, they should open the doors to Kuwait even if it means becoming a colony. This would guarantee investment, as Kuwait will be unlivable in the next 20 years.

Kuwait to be uninhabitable in the next few decades: Report

Kuwait to be uninhabitable in the next few decades: Report - Kuwait - By Ali Hamza KUWAIT: As Kuwait experiences a faster rise in average temperatures compared to the global average, numerous reports suggest that many parts of th...

kuwaittimes.com

 

[Hurder]

All of these deals will be nullified with the next administration

 

[NidarNidar]

Spoiler

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[Neptune]

200km area is not a development deal, this is a colony. We'll have to see if this is real.

 

[DivineMartial]

They're even going to explore and extract oil and gas.


From the article:
He explained that the agreement grants "Arabic Holding" the authority to construct, develop, own, operate, and manage the port and any related supporting infrastructure without any interference or restrictions. He also noted that it includes warehouses, logistics service centers, free zones, and any facilities that support the targeted development plans.

«أرابيك القابضة» توقّع عقد تخصيص أرض لإنشاء ميناء «براوي البحري» في جنوب غرب الصومال

وقعت شركة «أرابيك القابضة» اتفاقية مع ولاية جنوب غرب الصومال لتطوير وتشغيل ميناء براوي البحري واستخراج المواد الطبيعية لمدة تصل إلى 25 عاماً فضلاً عن 5 سنوات سيتخلّلها التجهيز والبناء والتطوير. جاء...

www.alraimedia.com

 

[Hotchick12]

laftagareen you are an idiot does he even have authority to sell barawe

 

[Aiman12]

selling yourself to another country so they can develop your land for you isn't investment, this is even worse then the SL mou

 

[Beyle]

We might be the first country to be pimped

 

[FBIsomalia]

Rumour is Kuwait taking over the place and dropping big bucks. fire sale going on in somalia

Again, is it same like Qatari for Hobyo .

 

[The Oponian Guild]

Isn’t barawe surrounded by AS?

 

[The Oponian Guild]

Also where are reer barawe in these deals, are they being consulted?

 

[berberaboy66]

Badeenu iib maaha!

 

[Hurder]

Also where are reer barawe in these deals, are they being consulted?

None of them will get an penny. And they’ll stay quiet like Somalis always do. This country is finished

 

[Neptune]

They're even going to explore and extract oil and gas.


From the article:
He explained that the agreement grants "Arabic Holding" the authority to construct, develop, own, operate, and manage the port and any related supporting infrastructure without any interference or restrictions. He also noted that it includes warehouses, logistics service centers, free zones, and any facilities that support the targeted development plans.

«أرابيك القابضة» توقّع عقد تخصيص أرض لإنشاء ميناء «براوي البحري» في جنوب غرب الصومال

وقعت شركة «أرابيك القابضة» اتفاقية مع ولاية جنوب غرب الصومال لتطوير وتشغيل ميناء براوي البحري واستخراج المواد الطبيعية لمدة تصل إلى 25 عاماً فضلاً عن 5 سنوات سيتخلّلها التجهيز والبناء والتطوير. جاء...

www.alraimedia.com

Am I reading this auto translation right?

"According to the studies approved by major consulting offices, Al-Dosari explained that the port expected to be launched in that region is expected to generate revenues ranging between 150 and 250 million dollars in its first year of operation"

They are paying $500m for 25 years, so $20m a year for a port that's expected to have 9 figure revenues, and on top of that they get 200km to develop a free trade zone for their businesses plus mineral and oil rights.

This deal is so bad you wonder if they know what they signed. Fleece of the century.

 

[Midas]

This sounds fake. The deal sounds a bit exaggerated but I could believe them giving up the port for that long and that little money. But a 200km free trade zone? That's just down right nonsensical.

this is a worrying trend with all these fms trying to cut their own deals. Hopefully whoever comes in power is gonna put a stop to this nonsense.

 

[Arkan]

Great deal if it comes into fruition