Berbera port’s renovations, which include new and improved container terminals were inaugurated on Thursday at a ceremony attended by Ethiopian Minister of Finance, Ahmed Shide, Minster of Transport, Dagmawit Moges, Somaliland President, Musa Bihi, and executives from DP World.

The port is jointly held between DP World, Ethiopia, and Somalia with the parties holding 51 percent, 19 percent, and 30 percent of shares, respectively. 

The new and improved terminals are capable of housing 500,000 containers at a time and are expected to service more than 1 million containers a year. The renovation are only the first round of improvements to the port that the parties plan.

According to Dagmawit Moges, the port is also equipped with cranes and other tools that are capable of servicing the largest cargo ships. She also affirmed that the port, along with other similar efforts throughout the region, is going to contribute significantly to the ministry’s 10 year transformation plan.

As part of its transformation plan the ministry has been expanding Ethiopia’s role in port related functions in the region, and modernising its logistic services including the establishment of an ETB 3 trillion logistics hub.

Similarly, Ahmed Shide emphasised the role of such undertakings in creating a cohesive economic bloc in the East Africa region.

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