Ethiopia is looking to be part of the tripartite investment and shareholders in Berbera Port of Somaliland that was previously managed by the Dubai based DP World and the Somaliland government.
Recently Somaliland media outlets quoted Hussein Ige Dayr, spokesperson for the president of Somaliland, stating that Ethiopia will receive a 19 percent share of the Berbera Port which will make the port a tripartite ownership for three decades.
A year ago DP World and the government of Somaliland agreed to a 30-year concession to manage the port of Berbera.
The Dubai based company agreed in 2000, with Djibouti to develop the latter’s ports and manage them for 20 years. Now they plan to undertake a modern port expansion at Berbera at a cost of USD 442 million.
Ahmed Shide, Minister of Transport, told Capital that Ethiopia wants port expansion and development in every corner of the region.
“The port at Berbera will be an alternative for the big population and fast growing country like Ethiopia. The issue has been notified by Ethiopia to its regional partners,” he said.
“In the case of Berbera we are not just considering using the port we are also looking at the tripartite investment possibilities,” he added.