What's Hot

    Paymob and Khazenly enter partnership

    February 1, 2023

    Free trade: Qatar and Morocco conclude second round of talks

    January 31, 2023

    MENA startups raised almost USD 4 billion in 2022

    January 30, 2023
    Gulf Africa ReviewGulf Africa Review
    • Industry
    • Infrastructure
      1. Airport
      2. Hospitality
      3. Ports
      4. Power
      5. Rail
      6. Roads
      7. Transport
      Featured

      Osun seeks to capitalise on infrastructure momentum

      Infrastructure May 21, 2018
      Recent

      KarmSolar receives USD 3 million to develop Farafra Solar Grid

      January 11, 2023

      AD Ports Group reports strong growth

      January 3, 2023

      Hyosung Heavy Industries to start construction on South African energy storage project

      December 12, 2022
    • Business & Trade
      1. Agri-Business
      2. Entrepreneurship
      3. FDI
      4. Legislative
      5. MEA
      6. Telecoms
      7. Properties
      Featured

      Analysts predict bullish future for Nigeria’s REITs market

      Business Business & Trade January 21, 2018
      Recent

      Free trade: Qatar and Morocco conclude second round of talks

      January 31, 2023

      Gold-for-oil: Ghana attempts to address forex pressures

      January 18, 2023

      AD Ports Group reports strong growth

      January 3, 2023
    • Finance
      1. Banking
      2. Islamic finance
      Featured

      Social investment platform InvestSky raises USD 3.4 million

      Business Entrepreneurship Finance January 12, 2023
      Recent

      Social investment platform InvestSky raises USD 3.4 million

      January 12, 2023

      African startups face challenges in 2023

      January 10, 2023

      MENA startups raised USD 125 million in December

      January 6, 2023
    • Innovation
    Gulf Africa ReviewGulf Africa Review
    Uncategorized

    DP World to upgrade Bosaso Port in Somalia

    December 14, 20222 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    DP World
    DP World and Somalia’s Government of Puntland have signed a construction agreement for expansion and upgrade work at the Port of Bosaso.
    Share
    Facebook Twitter LinkedIn Pinterest Email

    DP World and Somalia’s Government of Puntland have signed a construction agreement for expansion and upgrade work at the Port of Bosaso.

    DP World, Dubai’s trade, ports and trade infrastructure group, have signed a construction agreement for expansion and upgrade work at the Port of Bosaso in Somalia. Work is expected to commence in early 2023, the 12-month project includes development of a 150 m quay, and repairs to the current 215 m quay. Other infrastructure elements include development of a new 3,000 m2 container yard and a 4 000 m2 container stripping yard. The gate area to the port will also be upgraded to improve access control.

    Attracting direct calls

    Once complete, the port will be able to handle container vessels and attract more direct calls from feeder ships from Dubai and other regional hubs. It will also become an important hub for dhow transport serving the Somali coast.

    Ahmed Yaasiin Saalah, Puntland’s Minister of Ports and Maritime Transport, 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.”

    DP World: Experienced in maritime development

    Suhail Al Banna, DP World CEO and Managing Director, Middle East and Africa, 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. I would like to thank the Government of Puntland for partnering with us on this exciting project.”

    DP World announced H1 2022 profits of USD 884 million in August.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleDubai International Chamber opens offices in Cairo, Tel Aviv and Istanbul
    Next Article Strike action sees SA ports down to 13% of operating capacity

    Related Posts

    Uncategorized

    SALIC acquires 35.4% stake in Olam for USD 1.24 billion

    December 28, 2022
    Uncategorized

    Africa Financial Industry Summit in Togo to discuss sector transformation

    November 28, 2022
    Uncategorized

    Vodacom Group continues to expand in Ethiopia

    November 17, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    LATEST STORIES

    Paymob and Khazenly enter partnership

    February 1, 2023

    Free trade: Qatar and Morocco conclude second round of talks

    January 31, 2023

    MENA startups raised almost USD 4 billion in 2022

    January 30, 2023

    Autochek acquires KIFAL Auto, expands to North Africa

    January 27, 2023

    Wafeq raises USD 3 million in seed round

    January 26, 2023
    • Business
      • Agri-Business
      • Entrepreneurship
      • FDI
      • Legislative
      • MEA
      • Properties
      • Telecoms
    • Infrastructure
      • Airport
      • Hospitality
      • Ports
      • Power
      • Rail
      • Roads
      • Transport
    • Finance
      • Banking
      • Islamic finance
    • Commodities
      • Agri commodities
      • Metals & minerals
      • Precious metals
    • Culture & Society
      • Education
      • Energy
    GAR logo
    © GulfAfricaReview.com 2014-2022, All Rights Reserved.

    Gulf Africa Review is a trade news and future networking platform for businesses leaders and trade organisations, established to first inform and secondly assist in facilitating the ongoing business and trade relations between the Gulf Cooperation Council countries and Sub-Saharan Africa. We aim to provide an apolitical voice for this channel of economic activity in a way that benefits both geographies by improving the availability of information about market events, developments and opportunities, while publicising the successes achieved by this ever-broadening regional relationship.

      Subscribe to our newsletter

      Type above and press Enter to search. Press Esc to cancel.