Actually, we are family friends with one of the heads of this organization who is of Xplosive's clan affiliation

He is a Former Somali Professor & Senior Consultant to The World Bank Group.
He told me that it will not be anywhere near the size of the Berbera Port, which, incidentally, (as KUN-DILE will readily tell you) was built under the Siad Barre Administration because Berbera is a commercial-grade deep water sea port.
Bossasso is not as large as Berbera either, but has been quite succesful in wresting business from Berbera due to lower costs & overhead.
The Las Qoray port is intended as a port for community development in the areas of Sanaag.
I wish them the best