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In 2024, Ethiopia signed a deal with Somaliland's President Muse Bihi Abdi, granting the landlocked country direct commercial and military access to the Red Sea. Somaliland agreed to lease a military port in the Gulf of Aden and 20 kilometers of Somaliland's coastline to Ethiopia for 50 years, in return for Somaliland's formal recognition as a sovereign state and a portion of Ethiopian Airlines' shares.
News: Ethiopia welcomes DP World’s desire to jointly enhance Berbera Port, will negotiate terms of cooperation Addis Standard -
The battle to establish new ports on the Red Sea corridor with Gulf money could create better African economies and could define exactly who controls the Red Sea, according to analysts.
DP World has kicked off the development of a new edible oil terminal at the Port of Berbera in Somaliland. It has already…
Initial phase of terminal already leased on long-term basis to a major business