UAE-based global ports operator DP World signed a final agreement with the Government of Dubai enabling it to develop an economic free zone at the Port of Berbera in Somaliland to support growth in East Africa, with construction expected to start this year, the ports company said.
“Our vision for Berbera is to make it a regional maritime hub in the Horn of Africa, and its development will encourage growth for the region’s economy and boost local prosperity with jobs for the people of Somaliland and future generations,” said DP World group chairman and chief executive Sultan Ahmed bin Sulayem.
DP World signed a 30-year concession agreement to manage the Port of Berbera in May 2016. In September 2017, the port recorded a 40 per cent year-on-year increase in container volumes – the highest total volumes in the port’s history.
Located next to the port, the Berbera Free Zone (BFZ) is intended to support the growth of Berbera as a regional trading hub for East Africa and generate jobs, DP World said on Sunday.
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Read more:
DP World says to build economic free zone in Somaliland
DP World reports 13.5% container volume hike in third quarter
DP World gross container volume advances 10.7% in second quarter
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The 12 square kilometre free zone is to be modelled on Dubai’s Jebel Ali Free Zone (Jafza), the region’s biggest free zone, and will aim to attract investments and trade in the warehousing, logistics, manufacturing and related businesses.
DP World said it expects to break ground on the project this year.
“Developing a free zone will complement the growth of Berbera Port, enabling it to become a gateway for trade to the region and the whole of Africa,” said Saad Al Shire, Somaliland’s minister of foreign affairs and international cooperation.
“It will also generate jobs for the local population and encourage small and medium-sized companies in the area to locate their operations in an environment conducive to trade.”
Honeymoonish
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The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
What went into the film
25 visual effects (VFX) studios
2,150 VFX shots in a film with 2,500 shots
1,000 VFX artists
3,000 technicians
10 Concept artists, 25 3D designers
New sound technology, named 4D SRL
FINAL RESULT
Sharjah Wanderers 20 Dubai Tigers 25 (After extra-time)
Wanderers
Tries: Gormley, Penalty
cons: Flaherty
Pens: Flaherty 2
Tigers
Tries: O’Donnell, Gibbons, Kelly
Cons: Caldwell 2
Pens: Caldwell, Cross
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
COMPANY%20PROFILE
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Company profile
Date started: 2015
Founder: John Tsioris and Ioanna Angelidaki
Based: Dubai
Sector: Online grocery delivery
Staff: 200
Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends
The First Monday in May
Director: Andrew Rossi
Starring: Anna Wintour, Karl Lagerfeld, John Paul Gaultier, Rihanna
Three stars
UAE currency: the story behind the money in your pockets
THE BIO: Martin Van Almsick
Hometown: Cologne, Germany
Family: Wife Hanan Ahmed and their three children, Marrah (23), Tibijan (19), Amon (13)
Favourite dessert: Umm Ali with dark camel milk chocolate flakes
Favourite hobby: Football
Breakfast routine: a tall glass of camel milk
Avatar%20(2009)
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