(MENAFN - Somali Land Sun) Somaliland, UAE, Ethiopia and DP world launch Berbera port expansion project
Somalilandsun – The governments of Somaliland, United Arab Emirates have witnessed the official launch of infrastructural Development at Berbera port.
The works are being financed courtesy of the & 420m contract to manage and developed Berbera Port awarded Emirati firm DP World with: Emirati Firm Shafa Al Nahda tasked with Infrastructural Development
Shares of the thirty year contract see the Emirati global Enabler retain 51% while the government of Somaliland has 30% with the balance of 19% going to Ethiopia.
After initial launch of works at the port a day earlier Representatives of the the three governments congregated at the Somaliland presidency in Hargeisa where construction works for planned rehabilitation and construction of new physical buildings at Berbera port were awarded to Shafa Al Nahda, Said to be also an Emirati firm.
The contract signing ceremony at the presidency in Hargeisa held on the 11th November had a day earlier been jumpstarted by the Vice President Abdirahman Sayli in Berbera where he laid the foundation to works.
The Shafa Al Nahda. Contract signing ceremony was officiated by President Muse Behi and witnessed by UAE, Ethiopia and DP World officials with a special attendance by immediate past Somaliland President Ahmed Mahmud Silanyo, whose administration was behind the initial DP world contract
Below verbatim excerpts of the speech delivered by President Muse Behi Abdi during the signing ceremony
Somaliland President Muse Bihi with Sultan Ahmed bin Sulayem , Group Chairman and CEO of DP World at the presidency in Hargeisa
Distinguished Guests, Ladies and gentlemen,
Yesterday we observed the ground breaking ceremony for the expansion and modernization of Berbera Port. Today, we celebrate the contract awarding ceremony. Together, these two events mark the start of construction of the expansion of Berbera Port. I thank you all for your participation in this event and your interest in this project. I want to thank the Government of UAE, Ethiopia, DP World, Somaliland Ports Authority and everybody who has worked so hard to make this happen. We are proud of the work that has been done, so far, to help make this day possible.
Today is a historic day as we mark another major milestone in the development of our economy and by investing in our infrastructure we will be able to grow for the benefit of our people, the region and beyond. Connecting to landlocked countries such as Ethiopia and the rest of the region will reinforce the firm relationships that now exist and make Somaliland an important player in regional economic integration and growth. The importance of the Port of Berbera as a Red Sea gateway for the Middle East and Africa can now be realized, unlocking our potential as a trade hub and creating jobs across the country.
The Berbera Port expansion and modernization work is the biggest construction project in Somaliland. This, together with the Berbera free zone and the new airport are an essential part of Somaliland's economic development transformation and linkage to the wider regional economic integration and growth. This did not happen by itself. It is the result of tremendous work, notably by the governments of Somaliland, UAE and Ethiopia.
Somaliland and DP World award Emirati Firm Shafa Al Nahda Berbera Port Infrastructural Development contract
Ladies and gentlemen,
The Development of ports is about brining competitiveness which means better services and better prices; it is about economic integration, and trade facilitation among neighboring countries. We are determined to make Berbera port competitive with the major regional ports.
The Expansion of the Berbera Port is one of the biggest infrastructure projects in Somaliland and will contribute immensely to the economic well-being of our country and generate jobs. As announced today, the Expansion work will be carried out by Shafa Al Nahda.
The peace and stability of Somaliland as well as its strategic location attracted UAE and DP World's huge investment into Somaliland. We welcome this investment and commend the courageous decision of UAE and DP World which will undoubtedly attract more foreign direct investment into Somaliland. We had invested, and will continue to invest a lot of time and effort in creating conduciveenvironment for investment in Somaliland.
Ladies and Gentlemen
With the awarding of the contract, today we are getting much closer to realizing our vision to make Berbera a regional maritime hub in the Horn of Africa, and its development will spur economic growth for the region and boost local prosperity with jobs for the people of Somaliland.
Thank you all.
Somaliland President Bihi with Dignitaries at the ceremony launching Berbera port expansion project including from Ethiopia, UAE, DP World , Shafa Al Nahda and former President Silanyo
Berbera port expansion project launch at the Somaliland Presidency
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