DP World and Somaliland’s new economic zone in Berbera to serve as regional trade hub – The National

  • Date: 04-Mar-2023
  • Source: The National
  • Sector:Real Estate
  • Country:UAE
  • Who else needs to know?

DP World and Somaliland’s new economic zone in Berbera to serve as regional trade hub – The National

Global ports operator DP World and the Somaliland government have opened the new Berbera Economic Zone which, along with Berbera Port, is expected to develop the area into a major trade hub serving the Horn of Africa.

The first phase of the economic zone was inaugurated after the opening of the container terminal at Berbera Port in June 2021, DP World said in a statement on Friday.

“The dynamics of global trade are changing, and there is a growing need for trade infrastructure, such as economic zones, with easy and fast access to international shipping. These will bring companies closer to their customers, improve their logistics and allow them to expand into new markets,” said Sultan bin Sulayem, group chairman and chief executive of DP World.