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IFFCO to develop 300,000 sq ft edible oil packing plant at DP World port in Somaliland
Plant to come up in DP World’s Berbera Economic Zone
gulfnews.com
IFFCO to develop 300,000 sq ft edible oil packing plant at DP World port in Somaliland
Plant to come up in DP World’s Berbera Economic Zone
gulfnews.com
IFFCO to develop 300,000 square feet edible oil packing plant at DP World’s Berbera Economic Zone, Somaliland
DP World is developing the Economic Zone after investing in the Port of Berbera to create an integrated maritime, logistics, and industrial hub to serve the Horn of Africa
08November
2022
DP World has signed a lease and collaboration agreement with UAE-based food producer IFFCO to develop an edible oil packing plant in the Berbera Economic Zone (BEZ) in Somaliland.
IFFCO Somaliland signed a 25-year lease with BEZ to develop a 300,000 sq. ft packing facility, with future expansion plans covering another 300,000 sq. ft. Once complete by the first half of 2023, the first phase of the edible oil plant will create hundreds of jobs for local citizens and attract foreign direct investment to Somaliland.
Suhail Albanna, CEO and managing director of DP World, Middle East and Africa, and IFFCO’s executive director Rizwan Ahmed signed the lease.
DP World is developing the BEZ after investing in the Port of Berbera to create an integrated maritime, logistics, and industrial hub to serve the Horn of Africa, a dynamic, ever-evolving region with a population of more than 140 million people, with a strategic location along major trade sea lanes and land routes.
Albanna said: “The decision by IFFCO to set up a plant is a major vote of confidence in the zone and a testament to our offerings. In fact, with the port, the economic zone and the one-stop-shop all under DP World, it will be like a home away from home for Dubai-based customers such as IFFCO.”
Modelled on Jebel Ali Free Zone (Jafza), DP World’s flagship Free Zone in Dubai, the BEZ has been developed around a customer-centric ecosystem, where DP World is not only developing the zone, but will also operate the one-stop shop for company registration and licensing services as well as offer logistics services and build to suit services. This ecosystem also leverages on the synergies with Jebel Ali Free Zone (Jafza), where on the one hand, companies can register their companies through the Jafza one-stop shop, while on the other hand, Berbera Economic Zone companies can avail of the Jafza incubation centre services. DP World’s portfolio of economic zones such as BEZ will bring our Jafza customers in closer proximity to their markets.
IFFCO operate 95 facilities, including several port-based manufacturing facilities worldwide.
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