Page 420 - Ministry of Economy - December 2017

12/25/2017 DP World snaps up remainder of Brazil’s Embraport - The National
environment, the company said in October. Growth
growth was reflected across its three regions, the

Middle East and Africa, Europe and the Americas.

The ports operator said last month it would build an
economic free zone in Somaliland to capitalise on

strong growth at the Port of Berbera, which the group
has been managing since last year.

A total of 12.2 square kilometres of land has been
earmarked for the Berbera Free Zone (BFZ), which is

to be modelled on Dubai’s Jebel Ali Free Zone (Jafza),
the Middle East region's biggest free zone. The new
economic zone aims to position Berbera as a gateway

port for east Africa, by encouraging investments and
trade in the warehousing, logistics, manufacturing and

related businesses.

The Dubai-based ports operator signed a 30-year
concession agreement to manage the Port of Berbera

in May 2016.

https://www.thenational.ae/business/dp-world-snaps-up-remainder-of-brazil-s-embraport-1.681208 4/4