DP World’s new Berbera multi-purpose port will be key to rejuvenating the economy of the entire region, according to Somaliland President He Muse Bihi Abdi.
Speaking on a video to mark the start of construction of the port at Berbera, President Muse Bihi Abdi spoke about how the new port and similar projects can reduce unemployment and improve regional stability.
President Muse Bihi Abdi said: “In our region there are lots of conflicts, and most of them are caused by unemployment of the youth.
“70% of our youth is unemployed and our region was not stable for a long time. It (the new port) will be beneficial to the whole region, the integration, economic progress and well-being of the people.
“I think the people are thinking about it and hoping for this project to upgrade their life and are very happy.”
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Work on the new port has begun just as DP World starts to re-evaluate its plans for East Africa and find new investment opportunities.
The Dubai-based terminal operator is still in a long-running legal dispute with Djibouti over the Doraleh Container Terminal.
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On October, DP World’s CEO Sultan Amhed bin Sulayem hinted that it sees Eritrea, Djibouti’s neighbour, as a potential logistics hub for the Horn of Africa.
Speaking about the company’s East African policy and the potential for the new port in Berbera, DP World CEO Sultan Ahmed bin Sulayem said: “We’re looking at ways of innovative reducing the cost of infrastructure and transportation and logistics.
“Berbera is an interesting port and we felt it was an opportunity.
“A year ago we started to manage it and improve the services, now we are confident that the shipping lines will come so we are building quays to accommodate them”.
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