It's actually a good deal after doing a light research on similar deals done by Dubai Ports.
Djibouti received $400m over 20 years. Well done SL
And we received $400mil for 30 years! That's a 10 year rip off.
What about Mogadishu's port? How long is the contract?
AbdiJohnson where the $15 million fit in? Is it for exclusive rights but they still get substantially more in revenue and taxes?
Lol $400 million for 30 years is peanuts. Some companies here make more than that in a year.
You took the words out of my mouth, they rented for peanuts.
Rental port of Berbera for thirty years, Commission signed $ 15 million .. Cash ten million , five million for the pull boats Boats
Watch the video that posted in the comments upNaah waad ciyaareysa no way where are you getting this information from is this serious ???
$15M seems to be for signing the deal it self. There seems to be no mention of percentage of revenue per year. It could be a good deal for Somaliland.
Let's hope it's not something insane. Doesnt Turkey take over 75% of airport fees from Xamar?
Djibouti seeks to annul DP World terminal contract
Corruption allegations over concession
https://next.ft.com/content/76ccc69e-074c-11e4-b1b0-00144feab7de
http://www.newsweek.com/somalia-al-...ide-car-bomb-mogadishu-killing-several-457226waraabe & co thought theyd be getting that Arab money
that's only enough to support Siilaanyos treatments for dementia
30 years! Lmao