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I have not received any official communication from the UAE regarding the port of Berbera: Somali president

By Tajuddin
In BUSINESS
Sep 23rd, 2016
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President Hassan Sheikh Mohamud

President Hassan Sheikh Mohamud

Mogadishu, Somalia ( DIPLOMAT.SO) – Somali president Hassan Sheikh Mohamud said in a television interview that Somalia will not recognize any agreement out of the system as illegal.

He said in the interview, “We do not know officially whether there was an Joint Venture between Somaliland Administration and DP World on the management of the port of Berbera in northwest of the country”.

The president said that his government has not received any formal communication from the United Arab Emirates, DP World and even Somaliland administration for this alleged agreement.

He said in his remarks, “the port of Berbera is part of Somali resources, It is our peoples resources, and we are ready to support the northern provinces for development projects, but we will not accept the illegal exploitation and non-compliant”

Diplomatic sources reveal that DP World will face a court and fines if dared in the application of its agreement with the Somaliland administration.

President of Somaliland Administration Ahmed Mohamed Mahamud "Siilaanyo" (left) and Sultan Ahmed Bin Sulayem.

President of Somaliland Administration Ahmed Mohamed Mahamud “Siilaanyo” (left) and Sultan Ahmed Bin Sulayem.

On May 30, DP World has signed an agreement with Somaliland Administration to co-invest $442 million (Dh1.62 billion) in the Port of Berbera.

The two parties have signed a term-sheet agreement to form a joint venture company that will “invest and manage” and transform the port into a “regional and logistic hub,” according to DP World statement.

DP World is owned by Dubai investment company Dubai World while P&O Ports is owned by state entity Ports, Customs and Free Zone Corporation (PCFC).
Sultan Ahmad Bin Sulayem is the chairman of DP World and PCFC.

Somaliland administration in the north-west of the country, is still subject to the authorities of the Federal Republic of Somalia , but insists its declaration of secession from the Greater Somalia.

The international community knows Somaliland Administration as a semi-autonomous region in Somalia, like other provincial governments.

Somaliland Administration, which is inhabited by more than seven clans, six of them have declared their loyalty to the Somali national unity.

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