The construction agreement was signed in Dubai by Puntland Minister of Ports and Maritime Transport Ahmed Yaasiin Saalah and DP World CEO and managing director for Middle East and Africa Suhail Albanna.
This 12-month project is scheduled to begin in early 2023.
DP World will develop a 150m quay, and repair the present 215m quay.
It will also develop a new 3,000m2 container yard, and a 4,000m2 container stripping yard, as well as upgrade the gate area to the port.
After completion, the port will be able to handle container vessels and attract more direct calls from feeder ships coming from Dubai and other regional destinations.
It will also serve as a key hub for dhow transport serving the Somali coast.
Ahmed Yaasiin Saalah said: “The expansion and upgrade of the Port of Bosaso is key to Puntland’s economic growth, which will benefit not just the people of the state, but also Somalia and the Horn of Africa.
“It will ensure the region is further integrated into the global trade ecosystem, as a bigger, more efficient port with the ability to receive container vessels, will facilitate increased trade.”
Suhail Al Banna said: “DP World has a lot of experience in the development and operation of ports and terminals, not just around the world, but also in Africa. We will bring all our expertise and capability to the project, to support the Government’s vision for the port as an enabler for economic growth.”
Image: Ahmed Yaasiin Saalah and Suhail Albanna exchange the construction agreement. Credit: DP World.