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Ethiopia buys 19% stake in Somaliland’s Berbera port deal

The President H.E. Ahmed Mohammed Mohamud Silanyo said that he was highly honored for attending the official launching of Berbera Port as a DP World investiture.

He said that the Berbera Port’s takeover by the DP World to be one of the 78 ports and terminals they ran was indeed a milestone for Somaliland as far as progress and development was concerned.

The Head of State pointed out since there was a cut-throat competition in the trade sector and that it was incumbent upon him to do what was best for the country as far as foreign investment was concerned hence the steps taken towards the modernization and expansion of Berbera Port, and its management.

“As the President I have realized this dream of expanding and modernized the port, a fact which will change the lives of many people for the better”, said the President.
He noted that the steps taken by the DP World will be an impetus to beckon other investment opportunities.
The Spokesman clarified the fact that the 19% given to the Ethiopian government did not touch on the 35% SL share but the 65% UAE one.

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