DP World signs deal with IFFCO – GulfToday – Gulf Today

DP World signs deal with IFFCO – GulfToday – Gulf Today

Officials of DP World and IFFCO during the event.

DP World has signed a lease and collaboration agreement with UAE-based food producer IFFCO, for an edible oil packing plant in the Berbera Economic Zone (BEZ) in Somaliland.

IFFCO’s subsidiary, IFFCO Somaliland signed a 25-year lease with BEZ to develop a 300,000-square-foot packing facility, with future expansion plans covering another 300,000 square feet. Once complete, the first phase of the edible oil plant will create hundreds of jobs for local Somaliland citizens. Construction will start in the first half of 2023.

The agreement was signed in Dubai by Suhail Albanna, CEO & Managing Director of DP World, Middle East & Africa, and IFFCO’s Executive Director, Rizwan Ahmed.

DP World is developing the BEZ after investing in the Port of Berbera to create an integrated maritime, logistics, and industrial hub to serve the Horn of Africa, a dynamic, ever-evolving region with