DP World wins 30 yr concession for port undertaking in Somaliland
September 5, 2016 5:27 pm
Dubai’s DP World has gained a 30 yr concession to handle and develop a port within the breakaway Somalia area of Somaliland that may require an funding of $442 million, the ports operator stated in a shares trade assertion on Monday.
The Pink Sea Port of Berbera undertaking will concentrate on containers, with the potential to deal with different varieties of cargo, the assertion stated.
DP World could have a sixty five % share within the three way partnership challenge with the federal government of Somaliland, it stated.
Supply: Press Launch