Somalia parliament rejects DP World Berbera Port deal

By professo

Somalia’s lower house parliament voted on 12 March to reject DP World’s Berbera Port deal, following the footsteps of the federal government.

The deal was set for the Ethiopian government to acquire 19% stake in the port, made between Dubai-based DP World and the Somaliland Port Authority.

However, the deal was rejected as the lower house almost unanimously voted to reject the deal, with 168 out the 170 people voting to nullify all agreements.

“Lower House of Parliament approves a legislation declaring Berbera port deal “null and void”, and calling for the ban of DP World from Somalia,” tweeted Harun Maruf, a Voice of America journalist.

SEE ALSO:

“Somali parliament votes to nullify all agreements reached with UAE’s DP World; legislation affects Berbera and Bosaso port deals. Of the 170 MPs, 168 voted in favour of the legislation, 1 rejected, 1 abstained,” he added.

President Mohammed Abdullahi Farmajo and Prime Minister Ali Hassan Khayre has announced the decision was made based on the deal breaching international standards and violating Somalia’s sovereignty.

The President of Somaliland, however, has argued that due to Somaliland being internationally recognised as a semi-autonomous state, it has the right to approve the deal.

Share

Featured Articles

Abu Dhabi Airports prepares for Terminal A opening

A decade in the making, Abu Dhabi International Airport welcomes 6,000 volunteers to test operational readiness of stunning new Terminal A building

Business Chief expands portfolio with new look and coverage

Business Chief Middle East & Africa launches with fresh new look and extended coverage of the region, with exclusive executive interviews and insights

How Octopus Energy grew to become an industry giant

Octopus Energy continues to grow after a deal was agreed to acquire Shell Energy in the UK and Germany, taking its customer base to almost seven million

Perkbox CEO: How to support employees through tough times

Human Capital

How Middle East is embracing the future of digital finance

Corporate Finance

UAE Lulu Group shifts business for global growth and IPO

Corporate Finance