DP World has begun developing an edible oil terminal at the Port of Berbera in Somaliland, in a bid to reduce supply chain costs and create local jobs around the port.
The terminal will have an initial storage capacity of 18,000 tonnes and will service vessels of up to 16m, allowing edible oil imports and packaging via the port for the first time, making it more affordable for people in the region and create jobs locally.
The initial phase of the terminal is leased on a long-term basis to Mzahim Investment LLC, a subsidiary of UAE-based Essa Al Ghurair Investments (EGI), with development of a local packaging plant to follow, employing up to 100 people.
The Dubai-based logistics giant said it plans to transform Berbera into an integrated maritime, logistics and industrial hub, to serve the Horn of Africa, which has a population of 140 million.
(Reporting by Imogen Lillywhite; editing by Seban Scaria)