The Somaliland Government and DP World, a renowned logistics firm based in Dubai, have successfully launched the Berbera Economic Zone (BEZ). This initiative is expected to attract both local and foreign investment, create jobs, and stimulate economic growth in the region. Berbera Port Expansion 2023 DP World and IFFCO, a UAE-based food producer, have agreed to develop an edible oil packing plant in the Berbera Economic Zone in Somaliland. The 25- year lease for a 300,000 sq. ft facility includes plans for future expansion, and the project is expected to create hundreds of jobs and attract foreign investment once complete in 2023.
- Strategic Location - The BEZ in the port city of Berbera is located along one of the world's busiest maritime shipping routes. This location provides access to markets in Europe, Asia, and Africa making the BEZ the perfect hub for world trade activities.
- Access to Transportation Infrastructure - The BEZ is connected to major transportation infrastructure, including the Berbera-Wajaale Road linking it to Addis Ababa, Ethiopia. This provides the BEZ with access to landlocked countries in East Africa, further expanding its reach
- Economic Incentives - The BEZ is designed to mirror the highly successful, business-friendly model of DP world’s Jebel Ali Free Zone (JAFZA) in Dubai. As a result, the Somaliland government has implemented economic incentives such as tax breaks and streamlined business registration procedures.
