The UAE’s DP World has kicked off construction of a new 18k ton edible oil terminal at Somaliland’s Berbera Port, according to a press release. When completed, the terminal will for the first time allow Berbera to service 16 meter draught ships and handle shipments of bulk edible oil. The terminal’s capacity will be expanded “as demand grows,” the statement says.

The terminal has been leased out: The first phase of the terminal has already been leased on a long-term basis to Mzahim Investment, a subsidiary of investment manager Al Ghurair Investments, which has experience in the edible oils market.

SOUND SMART- DP World took over management of Berbera Port back in 2017, and has sinceimplemented new digital systems andincreased cargo volumes by 35% at the port. This new terminal is part of DP World’s efforts to make Berbera a main trading hub in the Horn of Africa, with a potential to serve a population of c.140 mn people. The company has been investing heavily in the infrastructure of ports and logistics in the continent, with a USD 1 bn pledge to invest in African ports and logistics as part of a joint venture with the UK’s development finance institution, British International Investment.

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