Dubai’s DP World and Ethiopia strike $1bn deal to develop trade and logistics corridor

Dubai’s DP World and Ethiopia strike $1bn deal to develop trade and logistics corridor

Dubai-based ports operator DP World and Ethiopia’s Ministry of Transport signed an agreement to develop the road linking Ethiopia to Berbera in Somaliland into a trade and logistics corridor.

DP World and its partners plan to invest up to $1 billion over the next 10 years to develop supply chain infrastructure along the corridor, the company said in a statement on Thursday. This will include dry ports, silos, warehouses, container yards, cool and cold chain depots, freight forwarding and clearing activities, the company said.