WASHINGTON: DP World has reached an agreement to manage the Berbera port in Somaliland, which would allow it to become a major hub for goods to transit to and from the Horn of Africa, the Wall Street Journal reported on Sunday.
Under the terms of the deal, the newspaper citing a person who has seen the document, Somaliland will grant the Dubai-based company the right to manage the Red Sea port of Berbera for 30 years.
A year ago, the territory’s foreign minister, Mohamed Behi Yonis, said it was in talks with DP World, France’s Bollore and Geneva-based Mediterranean Shipping Company to select a partner to develop and manage the Berbera port. Somaliland broke away from Somalia in 1991 but is not internationally recognized.
