Eastern Africa
DP World to invest US$1bn in Infrastructure on Ethiopian side of Berbera Corridor
Dubai's DP World and Ethiopia's Ministry of Transport have signed an agreement to develop the Ethiopian side of the road linking Ethiopia to Berbera in Somaliland into a major international trade and logistics corridor.
The Memorandum of Understanding (MoU), which was signed in Addis Ababa on 6 May 2021 by Her Excellency, Dagmawit Moges, Ethiopia’s Minister of Transport, and Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, follows a decision by the two parties to explore the potentials for developing logistics infrastructure
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