Somalia: Somaliland Parliament to debate deal with DP World

Somaliland

HARGEISA, Somalia-Lawmakers in breakaway Somaliland Parliament are to debate a deal with Dubai-based giant firm, DP World, Garowe Online reports.

A ministerial committee comprising Foreign Affairs Minister Sad Ali Shire, Ministers of Finance, Information, Presidency and National Planning and Somaliland envoy to UAE has put forward the deal for parliamentary debate on Saturday.

Lawmakers received copies of the deal set to be debated this week for reading, with Parliament Speaker Abdirahman Mohamed Abdullahi Irro and his two deputies present.

In mid-May, Somaliland high level delegation struck a USD 442 million joint venture with the shipping and port operator which manages 65 marine terminals throughout six continents.

The firm will run Somaliland’s Berbera port for 30 years with the disclosed amount over time despite opposition to the move.

DP World said in statement that the agreement aims to transform Berbera port into a “regional and logistic hub” by providing an additional gateway for land-locked Ethiopia.

GAROWE ONLINE

Related articles

Dubai, UAE - Somaliland Administration officially signed $442 million deal with Dubai based company DP World to develop and manage Barbara’s cargo port for 30 years, Garowe online report

The signing ceremony held in Dubai city in United Arab Emirates, attended b ...