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DP World has started development of a new edible oil terminal at the port of Berbera, Somalia, which will reduce supply chain costs and create important local jobs. It has agreed to a long-term lease for the facility.
The edible oil terminal will be the latest addition to Berbera’s growing trade ecosystem, following the recent opening of the Berbera Economic Zone (BEZ), which is 15 kilometers from the port and connects to Addis Abbe, Ethiopia. Wajaale Highway (Berbera Corridor) .
DP World plans to transform Berbera, located on one of the world’s busiest sea lanes, into an integrated maritime, logistics and industrial trade center serving the Horn of Africa region with a population of over 140 million people.
bulk import
The terminal will initially have a storage capacity of 18,000 tonnes and will expand as demand grows. It will be able to serve vessels with a draft of up to 16 meters, thus enabling the Port of Berbera to handle large quantities of imported cooking oil for the first time. The ability to import oil in bulk and package it locally will make cooking oil more affordable for people in the region and create local jobs.
The initial phase of the terminal has been fully leased on a long-term basis to Mzahim Investment LLC, a subsidiary of Essa Al Ghurair Investments (EGI) in the UAE. Mzahim Investment will also develop a local packaging plant in Berbera to serve existing customers in Somaliland and the wider Horn of Africa, employing up to 100 staff.
Suhail Albanna, CEO and Managing Director, DP World Middle East and Africa, said: “Our development of an edible oil terminal is a game-changer for the region and another example of how we are reducing trade costs by finding compliant solutions .the needs of our clients while positively impacting local communities in terms of job creation and greater access to goods.Part of the Berbera Port and Economic Zone ecosystem, the facility is an integrated port infrastructure that attracted EGI International investors who want to be closer to their customers.”
trade link
Essa Abdulla Al Ghurair, Chairman of Essa Al Ghurair Investments, said: “As a family-owned business based in the UAE, we have traded with the region for almost 40 years. Establishing a factory in Berbera will continue to strengthen our relationship with the region Business connections.The presence of DP World has played an important role in encouraging businesses like ours to invest in the region.
“The Berbera cooking oil facility will allow us to produce locally, ensuring that basic commodities such as cooking oil are cheap and freshly available to local people. Through manufacturing, we can play a role in job creation and talent development, especially among skilled and semi-skilled workers. Skilled labor.” — trade arab news agency
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