DP World, a leading provider of logistics solutions, has announced the development of a new edible oil terminal at the Port of Berbera in Somaliland. The facility will be a game changer for the region, reducing supply chain costs and creating vital local jobs. Here are the details of the project in three separate subheadings.
Terminal Details
The edible oil terminal will be the latest addition to Berbera’s growing trade ecosystem and will have a storage capacity of 18,000 tonnes that will be expanded as demand grows. The terminal will be able to service vessels with a draught of up to 16 metres, allowing Berbera Port to handle bulk imports of edible oil for the first time. The ability to import oil in bulk and package it locally will make edible oil more affordable for people in the region and create jobs locally.
Lease Agreement
The initial phase of the terminal is already fully leased on a long-term basis to Mzahim Investment LLC, a subsidiary of Essa Al Ghurair Investments (EGI) of the United Arab Emirates. Mzahim Investment will also develop a local packaging plant in Berbera to supply existing customers in Somaliland and the wider Horn of Africa, which could employ up to 100 people.
DP World’s Plans
DP World plans to transform Berbera into an integrated maritime, logistics, and industrial trade hub to serve the Horn of Africa, a region with a population of more than 140 million people. Suhail Albanna, CEO and Managing Director of DP World Middle East and Africa, said the terminal is the type of integrated port infrastructure that attracts international investors such as EGI looking to get closer to their customers. Essa Abdulla Al Ghurair, Chairman of Essa Al Ghurair Investments, said the Berbera edible oil facility will allow them to manufacture locally, ensuring essential commodities such as edible oil are affordable and freshly available to the locals.
In conclusion, the development of the edible oil terminal at the Port of Berbera will not only reduce supply chain costs but also create local jobs, allowing the region to develop into an integrated maritime, logistics, and industrial trade hub. The project is a significant step forward in promoting regional economic growth and will have a positive impact on the local community by providing easier access to goods and creating employment opportunities.
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