Puntland, DP World Sign Construction Agreement to Upgrade Bosaso Port

Image: DP World

Somalia’s regional state signed a construction agreement with the DP World.

The semi-autonomous of Puntland in northeastern Somalia and the Emirati multinational logistical company DP World have reached an agreement to upgrade and expand the port of Bosaso.

The project will take one year and will include the expansion of a 150-meter quay, the development of a new 3000-square-meter container yard, and a 4000-square-meter container stripping yard.

The Minister of Ports and Maritime Transport Ahmed Yaasiin Saalah signed the agreement with the Emirati logistical company. He said the port would benefit the country and enhance regional trade.

“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,” said Saalah.

“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,” said Suhail Al Banna, CEO and Managing Director, Middle East and 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.”

The upgraded port of Bosaso will be able to handle container ships as well as receive direct communication from feeder ships from Dubai and other regional hubs. The port will also serve as a major hub for dhow transport along the Somali coast.