Transmora Logistics

The development of a trade hub in the Horn of Africa

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June 24, 2021 / by hogollogisticss@gmail.com
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Dubai-based DP World is expanding its operations in Somaliland as part of a plan to turn the breakaway region into a major trade hub. Though Somaliland has relinquished commercial power, it may gain political weight. By Jonas Gerding

The two new cranes towering over a huge cargo ship are tall enough to reach even the highest of the containers that are stacked up five on top of each other. Trucks are lined up on the newly built 400-meter (1,324-feet) quay of the deep-water Port of Berbera, in Somaliland, waiting for the containers to be offloaded.

Free trade zone aims to attract investments, jobs

Berbera Port’s expansion was financed by DP World, a multinational logistics company based in Dubai. Specialising in cargo logistics, port operations, maritime services and free trade zones, the company has commercial interests in 34 countries, among them 12 in Africa and the Middle East.

In exchange for its $442 million (€416 million) investment, DP World has won a 30-year concession with an automatic 10-year extension to manage the port.