Berbera Port Construction Project
- Thread starter merka
- Start date
Mansha allah.
Dubai company DP world is committed to building the Somaliland Port of Berbera to a world-class facility.
This is part of the infrastructural developments the DP world says it is involved in as part of its mission to turn around the horn of Africa country.
Federico Banos-Linder, Vice President External Relations, DP World, the company that has invested USD 442 million to rebuild the Port of Berbera said once the port is done, Somaliland will be one of the biggest players in the maritime industry in the Horn of Africa.
“Already with phase one of the three phases done, we have increased the container capacity by 50 per cent and pushed volumes by 70 per cent which is a massive improvement.
“We are now exporting 4 million livestock from 1.5 million just less than a year ago,” said Banos-Linder.
Banos-Linder said this during the Conference on Infrastructure, energy and extractives hosted by the Somaliland embassy in Kenya at the capital Nairobi.
At a conference in Nairobi on Thursday, Somaliland government stated the country was lagging behind and poor in energy consumption per capita, public capital stock per capita and exploitation of mineral resources which provides a rich seam for investors.
“There are tremendous opportunities in the generation, transmission and distribution of electricity from conventional and renewable resources,” Somaliland finance minister Dr Saad Ali Shire said during the Infrastructure, Energy and Extraction Conference in Nairobi.
“On infrastructure, there are opportunities in urban water infrastructure, waste management systems, roads, ports, airports, social housing and high-end health care infrastructure,” he added.
These he said required foreign input for Somaliland to achieve its long term development goals and build partnerships in the region and beyond.
“As a government, we will provide the right environment for foreign investment to thrive,” said the finance minister who added that there is a wide range of minerals yet to be tapped.
The conference brought together leaders and local Somaliland investors, Kenya Private Sector Alliance, officials from the ministries of mining and petroleum in Kenya, officials from the DP World, Africa Development Bank, World Bank, officials from several European and middle east embassies and a horde of other foreign investors.
Jamal Aideed Ibrahim, the vice-chairman of Somaliland Chamber of Commerce and Industry said improving infrastructure should be the government’s key agenda if it is to attract investors.
Somaliland is engaged in several infrastructural developments among them the building of US $400m road project that will link Ethiopia’s border town of Togochale to Berbera Port in Somaliland and the restoration of the Berbera Airport in the second largest city of Somaliland to have it accommodate large aircraft.
But from the conference, it was clear the country still needs to do much to improve on its energy sector.
There are already some activities in oil exploration. The country has 24 blocks, oil six of which have already been put under concession to three companies
Three blocks have been commissioned to Genel Energy, two to Rak Gas while one will be handled by Ansen Gas.
Other speakers during the conference included David Stanton, Director General, Trade Mark East Africa, Eric Labee, Africa Representative, Boskalis and Amb. Johnson Weru, Director Econ. Affairs and Communication Diplomacy, Ministry of Foreign Affairs Ministry, Kenya
Somaliland envoy to Kenya Bashe Omar said his office will facilitate investors willing to venture into the country.
He said with regional integration and the world becoming more connected, Somaliland strategic location along the mouth of one of the busiest shipping lanes in the world (Bab-Al-Mandab) and the red sea route meeting the Indian Ocean offers a huge opportunity for investment and hence the conference in Nairobi.
The Somaliland Port Authority has planned to spend an additional outlay of USD 269 million for the Berbera Port container terminal, yard operations and expansion of facilities to be completed by the end of 2025.
Said Hassan Abdullahi, general manager of Somaliland Port Authority, told Ethiopian reporters at his office in Berbera that once completed, the expansion project which requires a total of USD 442 million in a phase by phase development is expected to increase the port’s handing capacity from the existing 150,000 twenty-foot equivalent units (TEU) to 400,000 TEUs. When 70 percent of that volume reaches to its capacities, additional 400,000 TEUs of 20 and 40-feet mixed containers will be added to the Port facilities, requiring additional investment of USD 269 million, the general manager said.
The Berbera Port expansion project that commenced 11 months ago, has now reached halfway in to its completion and by the end of 2020, the first phase is expected to be commissioned.
According to Abdullahi, so far, a 40 percent increase in container cargo has been registered since the expansion project has been undergoing. These is attributed to the newly added machines such as mobile cranes and reach stackers,which has increased the loading and unloading of containers in recent months. Since last year, the 5,000 TEUs per month operation has now reached to 16,000 TEUs per month, the general manager noted.
The overall expansion project will bring about a total of 1,500 meters wide berth that can dock three mother ships at a time. The existing port facility accommodates five vessels on a 650 meter long berth.
It is to be recalled that Somaliland President, Musse Bihi Abdi and Sultan Ahmed bin Sulayem, chairman and CEO of DP World Group, have launched the official expansion project at the Berbera Port.
The tripartite Berbera Port Development agreement inked in 2016 and further refined and ratified in 2017 has provided a 51 percents take for DP World, the UAE port operator, and 30 percent forSomaliland. Ethiopia has secured a 19 percent stake and is expected to outlay USD 110 million for the Berbera Corridor.
In addition to the Port project, the Somaliland government is drawing attention once again, in its stride to develop a12.2 square kilometer Greenfield Free Economic Zone,1o kilometers out of Berbera Port.
According to the Somaliland Port Authority, the first phase of this project which will be finalized by the end of 2022, is focusing on a four square kilometers of land out of the 12.2 square kilometers that is about to be developed, to which 10 international companies have expressed interest. It will target a wide range of businesses including warehousing, logistics, commerce, manufacturing and other related businesses.Most importantly, it will serve as a transshipment and transit traffic hub of land and sea cargo movements. While the expansion of the Berbera Port goes on, the existing port has become instrumental in handling general and containerized cargos.
According to experts, the deal between Somaliland and DP World will allow Somaliland to enjoy a trade surplus ifDP World and Somaliland could implement the Berbera Port deal as planned. Reports indicate that both sides are expecting to see a trade surplus of USD 6.8 billion by 2025. According to some forecasts, within ten years, Somaliland can grow its GDP from around USD 1.5 billion to USD 12 billion.
Once the expansion finalizes, the Somaliland government expects to handle 30 percent of Ethiopia’s cargo traffic. Nevertheless, Somaliland is determined to have its share of the market.
One challenging factor, according to its officials, is that Ethiopian traders have an erroneous outlook towards Somaliland. The Port Authority chief and many officials believe that many Ethiopians fail to differentiate between Somaliland and Somalia (Mogadishu). To change that, the Somalilanders said they are about to launch campaigns where they will be visiting Addis Ababa and other parts of Ethiopia soon.
Said Hassan Abdullahi, general manager of Somaliland Port Authority, told Ethiopian reporters at his office in Berbera that once completed, the expansion project which requires a total of USD 442 million in a phase by phase development is expected to increase the port’s handing capacity from the existing 150,000 twenty-foot equivalent units (TEU) to 400,000 TEUs. When 70 percent of that volume reaches to its capacities, additional 400,000 TEUs of 20 and 40-feet mixed containers will be added to the Port facilities, requiring additional investment of USD 269 million, the general manager said.
The Berbera Port expansion project that commenced 11 months ago, has now reached halfway in to its completion and by the end of 2020, the first phase is expected to be commissioned.
According to Abdullahi, so far, a 40 percent increase in container cargo has been registered since the expansion project has been undergoing. These is attributed to the newly added machines such as mobile cranes and reach stackers,which has increased the loading and unloading of containers in recent months. Since last year, the 5,000 TEUs per month operation has now reached to 16,000 TEUs per month, the general manager noted.
The overall expansion project will bring about a total of 1,500 meters wide berth that can dock three mother ships at a time. The existing port facility accommodates five vessels on a 650 meter long berth.
It is to be recalled that Somaliland President, Musse Bihi Abdi and Sultan Ahmed bin Sulayem, chairman and CEO of DP World Group, have launched the official expansion project at the Berbera Port.
The tripartite Berbera Port Development agreement inked in 2016 and further refined and ratified in 2017 has provided a 51 percents take for DP World, the UAE port operator, and 30 percent forSomaliland. Ethiopia has secured a 19 percent stake and is expected to outlay USD 110 million for the Berbera Corridor.
In addition to the Port project, the Somaliland government is drawing attention once again, in its stride to develop a12.2 square kilometer Greenfield Free Economic Zone,1o kilometers out of Berbera Port.
According to the Somaliland Port Authority, the first phase of this project which will be finalized by the end of 2022, is focusing on a four square kilometers of land out of the 12.2 square kilometers that is about to be developed, to which 10 international companies have expressed interest. It will target a wide range of businesses including warehousing, logistics, commerce, manufacturing and other related businesses.Most importantly, it will serve as a transshipment and transit traffic hub of land and sea cargo movements. While the expansion of the Berbera Port goes on, the existing port has become instrumental in handling general and containerized cargos.
According to experts, the deal between Somaliland and DP World will allow Somaliland to enjoy a trade surplus ifDP World and Somaliland could implement the Berbera Port deal as planned. Reports indicate that both sides are expecting to see a trade surplus of USD 6.8 billion by 2025. According to some forecasts, within ten years, Somaliland can grow its GDP from around USD 1.5 billion to USD 12 billion.
Once the expansion finalizes, the Somaliland government expects to handle 30 percent of Ethiopia’s cargo traffic. Nevertheless, Somaliland is determined to have its share of the market.
One challenging factor, according to its officials, is that Ethiopian traders have an erroneous outlook towards Somaliland. The Port Authority chief and many officials believe that many Ethiopians fail to differentiate between Somaliland and Somalia (Mogadishu). To change that, the Somalilanders said they are about to launch campaigns where they will be visiting Addis Ababa and other parts of Ethiopia soon.
Younes Osman
VIP
Younes Osman
VIP
Mashallah
this is good news for berbera and SL
You don't have permission to view the spoiler content.
Log in or register now.
Younes Osman
VIP
this is good news for berbera and SL
You don't have permission to view the spoiler content. Log in or register now.
I actually call that "Federal Government of Konfurta somaliyeed"
Samaalic Era
QurboExit
Masha'Allah
Trending
-
Aba the Ethiopian slimeball is trying his hardest to force Johhny Ethio on us
- Started by Fobnimo Till I Dhimo
- Replies: 41
-
-
