Ethiopia will become a 19% shareholder of the Port of Berbera following agreement with Dubai port operatorEthiopia will become a shareholder of the Port of Berbera following the signing of an agreement with DP World and the Somaliland Port Authority in Dubai. DP World will hold a 51 percent stake in the project, Somaliland 30 percent and Ethiopia the remaining 19 percent. DP World Group chairman and CEO, Sultan Ahmed Bin Sulayem, said: “I am so excited about the prospects of working with the Ethiopian government. “Having the Government of Ethiopia as a partner will enable DP World to support the Government in achieving its impressive development plans. It will also look for other opportunities to develop additional ports and logistics corridors in the region.”

Source: Ethiopian News March 01, 2018 13:18 UTC