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Investment expectations - Executive Magazine

Investment expectations May 17, 2017 Walid Nasr’s eyes rolled so far back his head, Executive worried he was having an episode. The Lebanese Petroleum Administration (LPA)’s head of strategic planning was clearly disappointed. Only a few moments into an event organized by the Lebanese Forces, the emcee had wasted no time in estimating the value of Lebanon’s undiscovered offshore oil and gas. Whether she said it was hundreds of millions or billions USD, Executive forgets, as any such forecast is not worth remembering. As promising as Lebanon’s offshore may be, (with each new discovery in the east Mediterranean only adding to the hype), only actual drilling brings any certainty.

DP World and Govt of Ethiopia sign MoU

Story Dagmawit Moges, Ethiopia s Minister of Transport, and Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World at the signing ceremony. DP World and Govt of Ethiopia sign MoU Addis Ababa /Dubai, 21 days ago DP World, a leading global provider of end to end logistics solutions, and the Ministry of Transport of Ethiopia, have signed a Memorandum of Understanding (MoU) with the aim of developing the Ethiopian side of the road linking Ethiopia to Berbera into one of the major trade and logistics corridors of the country s international trade routes.   The MoU, which was signed in Addis Ababa today (May 6) by 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 and the provision of end to end logistics services along the corridor to unlock major economic benefits for Ethiopia, a statement said.

Dubai s DP World and Ethiopia strike $1bn deal to develop trade and logistics corridor

SHARE Dubai-based ports operator DP World and Ethiopia’s Ministry of Transport signed an agreement to develop the road linking Ethiopia to Berbera in Somaliland into a trade and logistics corridor. DP World and its partners plan to invest up to $1 billion over the next 10 years to develop supply chain infrastructure along the corridor, the company said in a statement on Thursday. This will include dry ports, silos, warehouses, container yards, cool and cold chain depots, freight forwarding and clearing activities, the company said. The agreement was signed in Addis Ababa on Thursday by Dagmawit Moges, Ethiopia’s Minister of Transport and Sultan Bin Sulayem, DP World s chairman and chief executive.

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