DP World wins 30-year concession for port in Somaliland

DP World has won a 30-year concession with an automatic 10-year extension for the management and development of a deep sea multi-purpose port at Berbera in Somaliland, a self-declared republic within Somalia.

The Port of Berbera opens a new point of access to the Red Sea and will increase the port operator’s local presence which includes a facility in Djibouti in the Horn of Africa.

DP World will set up a joint venture with 65% control together with the government of Somaliland to manage and invest in the Port of Berbera.