DP World has signed a construction agreement with the Government of Puntland, a state in Somalia, to expand and undertake upgrade work at the Port of Bosaso.
The agreement was signed in Dubai, UAE, by Puntland’s Minister of Ports and Maritime Transport Ahmed Yaasiin Saalah and DP World CEO and managing director for Middle East and Africa Suhail Al Banna.
Go deeper with GlobalData
Other officials present at the agreement signing occasion included Bari region Governor Abdurazak Ali Seid, Mayor of Bosaso Hassan Abdalle Buhe, Puntland Minister of Information and Communication Dr Abdifatah nour Ahmed, and Deputy Minister for Revenue of Finance Ali Omar Arshe.
Slated to commence early next year, this 12-month project will see DP World undertake the development of a 150m quay as well as repairs to the present 215m quay.
Other infrastructure included under the development will be a new 3,000m² container yard and a 4,000m² container stripping yard.
To boost access control, DP World will also upgrade the gate area to the port.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataFollowing completion, the port will be capable of handling container vessels, allowing it to draw more direct calls from feeder ships from Dubai and other regional destinations.
Furthermore, the port will become a key destination for dhow transport catering to the Somali coast.
Ahmed Yaasiin Saalah said: “The expansion and upgrade of the Port of Bosaso is key to Puntland’s economic growth, which will benefit not just the people of the state, but also Somalia and the Horn of Africa.
“It will ensure the region is further integrated into the global trade ecosystem, as a bigger, more efficient port with the ability to receive container vessels, will facilitate increased trade.”
Suhail Al Banna said: “DP World has a lot of experience in the development and operation of ports and terminals, not just around the world, but also in Africa. We will bring all our expertise and capability to the project, to support the government’s vision for the port as an enabler for economic growth.”
Last month, DP World installed two renewable energy-powered cranes at its Lirquén terminal in Chile.
