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 More
GMT 08:09 2015 Friday ,03 July
Walt Griffin pens down Hilarious tragicomedy
GMT 00:11 2017 Monday ,13 March
Dubai surgeons repair 3-year-old girl’s heart
GMT 21:38 2015 Monday ,18 May
'American Idol' winner to sing 'Star-Spangled Banner'
GMT 15:22 2017 Tuesday ,19 December
400 Km added to national gas network
GMT 10:22 2017 Monday ,16 October
10 Men Magazine appoints senior fashion editor
GMT 09:35 2017 Monday ,13 March
Young pioneers push envelope on freestyle indoor skydiving
GMT 02:42 2017 Sunday ,30 April
North Korea stages large-scale artillery drill as U.S. submarine docks in South
GMT 13:44 2017 Tuesday ,10 January
Croats tune up for Open with Kooyong wins
GMT 09:14 2018 Tuesday ,04 December
May to open five-day parliamentary debate
GMT 09:47 2015 Monday ,29 June
Bahraini king's economic advisor receives Japanese ambassadorGMT 13:34 2011 Wednesday ,08 June
Egypt\'s government recognizes Muslim Brotherhood partyGMT 12:32 2011 Tuesday ,26 July
S. Korean airlines to lower fuel surcharges
GMT 11:58 2017 Sunday ,13 August
Drivers of crashed Alex trains jailed for 15 days
GMT 21:40 2016 Thursday ,20 October
NCW chief stresses support for women in next municipal pollsGMT 07:25 2011 Saturday ,30 July
UN renews Darfur peacekeeping missionGMT 18:08 2012 Friday ,08 June
Egypt rights head expects Shafiq to winGMT 09:04 2012 Monday ,12 March
5 Novels about financial meltdowns
GMT 14:50 2017 Wednesday ,19 April
Japan warns of losing its efforts in Iraq
GMT 10:30 2017 Monday ,13 February
No fresh whale strandings seenGMT 23:33 2012 Monday ,14 May
Egypt Islamist candidate outbids rival in anti-Israeli rhetoricGMT 15:15 2011 Monday ,13 June
Teen brain response \'linked to pop songs\' success\'
GMT 22:23 2017 Thursday ,15 June
Syrian governmental troops clashesGMT 23:14 2011 Thursday ,06 October
Damned
GMT 08:14 2017 Wednesday ,02 August
Venezuela opposition delays to Thursday march against assembly
GMT 05:40 2016 Saturday ,24 September
Central Italy quake causes 4 bln euros damages: official estimate
GMT 07:18 2016 Tuesday ,24 May
Brazil's interim government into disarray
GMT 20:24 2017 Monday ,20 February
Sudanese FM heads to New Delhi for Joint Ministerial Committee
GMT 06:42 2017 Sunday ,20 August
Ayman Safadi condoles with Spanish counterpart
GMT 11:41 2017 Tuesday ,13 June
UAE condemns terror attacks in Iran
GMT 19:46 2014 Sunday ,26 January
Dubai Marriott Hotel al-Jaddaf gets operational
GMT 20:58 2017 Wednesday ,14 June
Qatar crisis explained: 6 ways the row directly affects you
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