Share this:

" />
Telesom Dahabshiil
Published On: Wed, Nov 8th, 2017

New trade zone to be built in Somaliland

Araweelo News Network

12.2km2 trade zone is to be developed in Somaliland to complement the Port of Berbera

Small boats and old wrecked ships litter the harbor of Berbera, Somaliland, Aug. 16, 2016. (J. Patinkin/VOA)

Berbera(ANN)-DP World Group chairman and CEO Sultan Ahmed Bin Sulayem and Republic of Somaliland minister for foreign affairs and international cooperation Dr Saad Ali Shire signed the agreement for the Berbera Free Zone (BFZ).

The development is based on DP World’s Jebel Ali Free Zone (Jafza) in Dubai and aims to attract investments, encourage trade, create new jobs and position Berbera as a gateway port for the region.

Under the terms of the agreement, DP World will develop BFZ in phases, with the first phase focusing on 4km2 of land out of the 12.2km2 earmarked for the project. Future phases will be detailed in a concept plan.

Each phase of the BFZ will start once the previous phase has achieved 85% occupancy. It will target a wide range of businesses including warehousing, logistics, traders and.

Further details of the BFZ will be concluded with Somaliland’s new government after the country’s elections, scheduled for 13 November.

 

About the Author

- Arraale Mohamoud Jaama Freelance Journalist and Human Rights Activist Arraale, is a 20 year experience as a professional Journalist and human rights activist Over the years, worked for the major News Papers in Somaliland as a reporter, editor and contributor. 2008 established website Araweelo News Network, he currently runs a website based in Somaliland. Arraale is the specializes in the investigation and reporting on issues relating to human rights, democracy, and good governance. contact: Info@araweelonews.com jaamac132@gmail.com Send an SMS or MMS to + 252 63 442 5380 <https://web.whatsapp.com/ + 252 63 442 5380 /https://twitter.com/Araweelonews/https://www.facebook.com/Araweelonews/

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Araweelo is an Associated Network News, The most trusted source for news & Political,investigator report,Human Rights Issues,Educations,Social and Democracy ,Latest News Horn of Africa. runs Arraale Mohamoud Jama Freelance Journalist and Human Rights Activist based in Somaliland.

Chat with us on WhatsApp