DP World has started the development of a new edible oil terminal at the Port of Berbera in Somaliland. The terminal will initially have a storage capacity of 18,000 tonnes, which will be expanded as demand grows.
The facility will be able to service vessels with a draught of up to 16m, allowing Berbera port to handle bulk imports of edible oil for the first time. The ability to import oil in bulk and package it locally will make edible oil more affordable for people in the region and create jobs locally, DP World states.
The initial phase of the terminal is already fully leased on a long-term basis to Mzahim Investment, a subsidiary of UAE-based Essa Al Ghurair Investments (EGI). Mzahim Investment will also develop a local packaging plant in Berbera to supply existing customers in Somaliland and the wider Horn of Africa, which could employ up to 100 people.
Suhail Albanna, CEO and Managing Director of DP World Middle East and Africa, said: “Our development of the edible oil terminal is a game changer for the region. This is another example of how we are reducing the cost to trade by finding solutions that meet the needs of our customers, while having a positive impact on local communities in terms of job creation and easier access to goods.”
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