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Port Management Association of
Eastern & Southern Africa
Eastern & Southern Africa
Terminal operators Somalia: DP World to finish $366 million Bosaso port expansion this year
August 21, 2023
The project, which will cost $366 million, is being financed by a unit of Dubai’s state-owned DP World. The port on the Gulf of Aden, in the semi-autonomous Puntland region, is one of several facilities the company is developing in the Horn of Africa. A second expansion phase will begin next year.
A unit of DP World won a 30-year concession in 2017 to develop and manage a multi-purpose port in Bosaso, Puntland’s commercial capital. The company has a similar accord for Berbera port in the neighboring Somali territory of Somaliland.
Source: Bloomberg