Facts About DP world investment deal with Somaliland

  No.

Facts About DP world investment deal with Somaliland

1.

US $ 442 million investment deal

2.

30-year lease agreement

3.

51 % DP world stake, 30 % Somaliland and 19 % Ethiopia. 

4.

US 110 million investment as Berbera corridor road 

5.

12 square kilometer greenfield economic zone 

6.

Somaliland will capture minimum 30 % Ethiopia trade traffic   

7

Modern tugs been bought and added the fleet machinery of the port

8

Modern mobile cranes with lifting capacity of 120 tons have added  to port fleet machinery

9

The port can handle with 3 days any size of containerized ships in view heavy duty mobile cranes bought by the port.

10

In view of training the port employees, port accidents close zero occurrences  

11

The operational performances very much to world standards.  

12

The port employees  are under constant training  to equip them the latest port technology   

13

Heavy salary increase for the port staff

14

Transfer of new technology 

15

The port employees acquired  port education and management improvement  

16

Increase of job opportunists 

17

Encomia growth to Somaliland 

18

 As good morality improve efficiency and performances, the morality of port employees have greatly boosted. 

19.

The port employees have proper work contract included work insurances within work area. 

20

The port employees matches with international standards

21

Once the free zone is completed, the structure  of somaloland port of Berbera will different than its current structure as the heavy investment will change the landscape of the city as the freestone will attract hundreds of companies  that will bring heavy investment   

22

Berbera freestone is modeled typically like  Jebel Ali

23

The deal has generated strategic partners and close friends  with Somalian 

24

Generated second income to somaliland.

25.

The port operational performance has increased by 40 %.

26

The size of the port will be greatly increased to meet the growing demand

27.

The investment deal will convert Berbera as a major shipping and logistic hub in horn of Africa

29.

The investment deal has proved somaliland strategic location

30.

DP world investment in Somaliland has generated an influx of foreign capital and promoted Somaliland diplomatic status quo 

31

The Berbera Free Zone will offer global opportunities to foreign investors in Somaliland

32

The deal will bring back and highlight the commercial position and importance of the Port of Berbera port as the entrances gateway of the red sea, Bab-Al-Mandeb and canal Suez.

33

The free zone  will attract employers and thus reduce poverty and unemployment and stimulate the area’s economy

34

Berbera investment deal will deepen the strategic ties between Somaliland, Gulf Arab neighbours and Ethiopia

35

Border towns that the Corridor will pass through such as Waajale will see increased and sustained business activity

36

The deal is expected to provide an economic boost to the Horn of Africa and the other land-locked countries along the east coast by turning the port into a regional trade and logistics hub

37

The investment deal between Somaliland and DP world has captured and attracted the international media coverage

38

The deal will improves human resource

39

The port is operating 24/7 while the port was working before 10 hours in a day.

40

Berbera will see amount of increased traffic in view of port deal that will generate business boom and also will open a new global port operator an alternative hub to Djibouti in the Horn of Africa

41

The deal has partially broken the glass ceiling of international recognition for Somaliland

42.

DP world Somaliland has contributed heavily the living conditions for Berbera local population.

43

DP world employees have acquired new skills and potential work experiences

44

DP world will modernise Berbera port to handle the largest containerized ships

45

DP world investment deal with Somaliland has encouraged other investors to investment in Somaliland

46.

Berbera corridor road project will improve Somaliland road Infrastructure as asphalt paved roads is the tallest pillar for national economy growth.

Asphalt paved roads provides increased mobility for people,  Safer travel, reduced fuel usage, reduced vehicle maintenance costs, increased safety, satisfaction, and pride among local residents reduction in commercial transportation costs.

47

Berbera corridor project has boosted the local economy and generated job opportunists for somaliland job market

48

Influencing DP world investing in Somaliland is political and economic gain to somaliland.

49

The investment deal has changed the life style of the local population

50

DP world investment in Berbera has put Somaliland into world political and geographical map.

51

Berbera new container terminal will open the port as regional logistic hub and gateway to international markets

52

Berbera  new port will improve  competitive advantage of our port