Eritrea may provide trade route amid dispute with Djibouti
Company sees as many as 12 ports needed in Horn of Africa
By Nizar Manek, 19 October 2018
The Red Sea state of Eritrea may play a key role in DP World Ltd.’s plans in the Horn of Africa, where a dozen ports could be needed to service the region, Chief Executive Officer Sultan Ahmed bin Sulayem said.
The Dubai-based state-controlled harbor operator is evaluating its strategy in the region after having its stake in a port in Djibouti -- the main trade route for Ethiopia, Africa’s fastest-growing economy -- nationalized by the government. Developing more ports in the Horn, including one it’s already building at Berbera in the self-declared republic of Somaliland, will help boost trade flows to Dubai, Bin Sulayem said in an interview.