DP World Berbera New Port Aims to Boost Regional Trade

The DP World Berbera New Port is a game-changer for regional trade. Located in Somalia, it's expected to increase trade volumes significantly.

The port's new terminal has been designed to handle large container ships, with a capacity to process 150,000 Twenty-Foot Equivalent Units (TEUs) per year. This is a major upgrade from the current capacity of 50,000 TEUs.

The new port is expected to create over 15,000 jobs, both directly and indirectly, in the region. This will have a positive impact on the local economy and communities.

The DP World Berbera New Port is also expected to reduce transit times and costs for traders, making it a more attractive option for businesses in the region.

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DP World Berbera is the only prominent multipurpose port in Somaliland, working as the new integrated maritime, logistics and industrial hub in the Horn of Africa.

It focuses on contributing to Somaliland's economy and those of surrounding local communities in neighbouring countries.

Since taking over management of the port's operations in 2017, DP World has seen an increase in cargo volumes by 35 percent.

Vessel productivity has also increased by 300 percent.

By implementing new digital systems, sustainable business practices and through its increased, trained staff complement, vessel waiting times have been reduced from days to mere hours.

The team knows that creating and enhancing its trade partnerships is the key to unlocking economic growth in the region.

DP World aims to transform lives, find new logistics solutions, and build the region through a focus on Somaliland, land-locked Ethiopia, and other Horn of Africa countries.

DP World Berbera is a part of DP World's international network, which consists of more than 181 operations around the world in 64 countries across six continents.

The company has agreed to invest nearly $442m for the development and expansion of the port.

The new terminal at Berbera Port features a container yard with eight rubber-tyred gantry cranes.

The terminal increases the port's container capacity to 500,000 twenty-foot equivalent units (TEUs) annually from the current 150,000 TEUs.

The new terminal has a deep draft of 17m, a 400m quay, and three ship to shore (STS) gantry cranes.

The terminal can handle the largest container vessels in operation.

The expansion project is expected to increase the port's handling capacity to two million TEUs annually.

DP World has committed to investing up to $442 million to develop and expand Berbera Port.

The Berbera Economic Zone is being developed along the Berbera Corridor, modelled on the Jebel Ali Free Zone in Dubai.

The economic zone aims to attract investment and create jobs, and will target a range of industries, including warehousing, logistics, traders, manufacturers, and other related sectors.

DP World has committed to investing a significant amount, up to $442 million, to develop and expand Berbera Port.

This investment will enable the port to handle larger container vessels and increase its container capacity from 150,000 to 500,000 Twenty Foot Equivalent Units (TEUs) annually.

The new container terminal at Berbera Port has a deep draft of 17m, a quay of 400m, and three ship to shore (STS) gantry cranes, allowing it to handle the largest container vessels in operation.

The investment is part of DP World's plan to develop Berbera into a major regional trade hub to serve the Horn of Africa.

The Berbera Economic Zone, which is being developed alongside the port, aims to attract investment and create jobs, targeting a range of industries such as warehousing, logistics, and manufacturing.

The Port of Berbera is expected to handle a significant increase in cargo volumes, with a forecasted growth rate of 8.7 percent from 2016 to 2030.

By 2050, the port is predicted to handle 18.1 million tons of cargo, with dry bulks making up approximately 47.1 percent of the volumes.

Dry bulks are expected to be the largest cargo type, followed by containers with 39.4 percent and general cargo with 9.3 percent.

Containerized cargo is split equally between imports and exports, whereas dry bulks are expected to consist entirely of imports.

General cargo exports represent about 90 percent of total volumes in 2050, with livestock being the primary export commodity.

Vehicles represent the smallest cargo type, with just 10,000 tons (about 7,000 vehicle units) in 2050.

Liquid bulk volumes are not a significant import commodity in 2050, representing just 0.8 million tons.

DP World has seen an increase in cargo volumes by 35 percent and vessel productivity by 300 percent since taking over management of the port's operations in 2017.

Here's a breakdown of the forecasted cargo types in 2050: