Ethiopia Acquires 19% Stake in Somaliland Berbera PortMarch 1, 2018 - Ethiopia signed an agreement with DP World and the government of Somaliland, to become a strategic partner holding a share of 19 per cent in Berbera Port, according to Gulf news. As per the agreement, Ethiopia will make the necessary infrastructure investment to develop the Berbera Trade Corridor. DP World continues to hold 51 per cent share in Berbera Port, anf Somaliland taking a share of 30 per cent. “We look forward to working together in order achieve everyone’s interests. Ethiopia joining us as a partner in the Berbera Port project supports our plans to develop the port’s development, contribute to the development and prosperity of the region and creating promising trade opportunities,” said Bin Sulayem.

Source: Ethiopian News March 01, 2018 21:22 UTC