DP World sees key role for once-isolated state in port strategy
Massawa Port in Eritrea.
Addis Ababa - Egypt Today
The Red Sea state of Eritrea may play a key role in DP World Ltd’s plans in the Horn of Africa, where a dozen ports could be needed to service the region, Chief Executive Officer Sultan Ahmad Bin Sulayem said.
Developing more ports in the Horn, including one it’s already building at Berbera in Somaliland, will help boost trade flows to Dubai, Bin Sulayem said in an interview.
Eritrea’s strategic location near the Bab el-Mandeb Strait, a key shipping lane used by oil tankers and other cargo vessels en route to the Suez Canal, makes it an attractive investment destination for logistics companies. It’s also a gateway to other nations in the region, the CEO said.
“Eritrea is going to have a major role,” Bin Sulayem said. “We believe that the way we should look at the Horn of Africa is not at Eritrea alone, but add to the equation South Sudan, other parts of Sudan, and Eritrea’s needs, and then the Ethiopian population.”
The Dubai-based harbour operator has been carrying out assessments throughout the region, Bin Sulayem said. He declined to specify how many harbours is targeting of the 10 to 12 it estimates the region requires.
From :Gulfnews
- Sunday ,09 December GMT 12:33 2018 Egypt's decision to adjust customs' duties on luxury goods to benefit economy
- Wednesday ,05 December GMT 21:03 2018 Bahrain's economic delegation concludes successful India visit
- Thursday ,29 November GMT 20:20 2018 Japan funds project to enhance water quality project in Palestinian town
- Wednesday ,28 November GMT 09:50 2018 Egypt, Saudi Arabia to strengthen economic ties in coming phase
GMT 19:07 2018 Friday ,14 December
Lebanese PM flags up Saudi investment potential, financial tiesGMT 21:16 2018 Thursday ,13 December
Egypt, Algeria sign MoU to increase trade exchangeGMT 12:33 2018 Sunday ,09 December
Egypt's decision to adjust customs' duties on luxury goods to benefit economyGMT 21:03 2018 Wednesday ,05 December
Bahrain's economic delegation concludes successful India visitGMT 10:58 2018 Sunday ,02 December
Egypt’s total public investments record EGP 72 bln in Q1GMT 14:23 2018 Friday ,30 November
Saudi Arabia pledges $50 million to UNRWAGMT 20:20 2018 Thursday ,29 November
Japan funds project to enhance water quality project in Palestinian townGMT 09:50 2018 Wednesday ,28 November
Egypt, Saudi Arabia to strengthen economic ties in coming phaseRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read MoreGMT 23:28 2011 Friday ,25 November
Moenchengladbach go top in Germany
GMT 07:59 2017 Saturday ,09 December
Yemeni legitimacy troops managed to achieve advance
GMT 13:22 2018 Tuesday ,11 December
Mega-trends 2018: Reduced influence of international organizationsGMT 08:59 2012 Friday ,19 October
2 soldiers die after army Shell strikes weapon depot in Sanaa
GMT 03:29 2014 Saturday ,14 June
Batmobile revs up action in 'Arkham Knight' video game
GMT 11:10 2016 Saturday ,31 December
Thomas scores career-high 52GMT 01:16 2012 Saturday ,08 September
Counting down the days until school starts
GMT 03:12 2017 Thursday ,13 April
Resident rescued from Oman house fireGMT 16:53 2011 Thursday ,12 May
Queen Elizabeth\'s is second-longest reign
GMT 06:54 2018 Sunday ,14 January
Trump language on Africa unacceptable, racist
GMT 07:15 2018 Thursday ,11 January
Syrian opposition wants US to weigh in and counter Russia
GMT 21:48 2017 Sunday ,02 July
300 Daesh militants storm into Philippines school, take students hostages
GMT 15:34 2018 Monday ,08 January
ACWA Power plans three solar projects in Egypt
GMT 20:11 2017 Tuesday ,18 July
Cairo police arrest robbers of Banque Misr exchange company
GMT 04:24 2017 Monday ,17 April
EU foreign policy chief to visit India; to push for free trade talks
GMT 09:48 2017 Wednesday ,08 March
3 killed, 66 injured in Afghan capital military hospital terrorist attackGMT 15:10 2011 Sunday ,05 June
Eagleburger, US hails top diplomat dead at 80GMT 13:39 2012 Monday ,19 November
\'Zewail City claims not legitimate\'GMT 05:32 2012 Wednesday ,13 June
China to open more of Great Wall
GMT 15:04 2017 Wednesday ,18 January
Michel Houellebecq's mother didn't love himGMT 16:08 2011 Saturday ,30 April
Libyan leader ready for ceasefire but refuses to leave
GMT 13:07 2017 Monday ,25 September
CAPRICORN (December22nd-January20th)
GMT 10:58 2017 Tuesday ,31 October
Seven dead as Israel blows up tunnel from Gaza
GMT 10:23 2017 Monday ,13 February
Race for kilowatts empties Bosnian lake
GMT 14:03 2017 Thursday ,08 June
Agricultural lands one national security
GMT 07:53 2014 Thursday ,25 December
Clashes reported in 3 Turkish universities
GMT 11:27 2013 Monday ,05 August
Islamic heritage exhibition? opens in IraqGMT 13:42 2012 Tuesday ,03 July
Diversity, Minus the TokenismGMT 02:12 2012 Friday ,27 January
Tod’s No_Code Collection
GMT 20:19 2017 Saturday ,06 May
Hamas elects Haniya as new chief of Islamic movementGMT 17:58 2011 Wednesday ,10 August
Ghanaian Barusso attacked by Roma fans
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor