In May 2016, DP World was awarded a 30 year concession to manage and expand Berbera's port. The project, valued at approximately $442 million (£302 million) could return Berbera to a major Horn of Africa trading hub, and provide new competition for Djibouti; which has dominated trade in the region over the last decade.
Of Africa's 17 land-locked countries, those toward the continent's east coast having fewer port options than those near the west coast. Between Port Sudan to the north of the Horn of Africa, and Mombasa to the south – servicing a total of 6,000 kilometers of coastline – Djibouti is regarded as the only other major port.
East Africa needs more ports. We want the region to get more done. Berbera is welcome to come and share the business.- Chairman and Chief Executive of Djibouti Ports and Free Zones Authority (DPFZA)
With the region cut off from global financial institutions, DP World's commitment to Berbera is the biggest single investment in the self-declared republic, represents an economic and political windfall for Somaliland.