My thoughts:Dubai: DP World is planning to set up a logistics facility in Ethiopia to facilitate transport of goods to landlocked countries in Africa, DP World Group Chairman & CEO and Chairman of Ports, Customs and Free Zone Corporation Sultan Bin Sulayem has revealed.
“We are planning to set up a logistics complex in Ethiopia where goods can be transported from the port to it, and from there it can be transported to different African landlocked countries. We have signed a number of agreements with Ethiopia that will promote our friendly relationships with them. Business groups in Dubai can always benefit from DP World’s presence in different countries including Rwanda and Egypt where re-exporting opportunities are abundant,” Bin Sulayem said during an open dialogue with trade and business groups in Dubai.
This DP World ran logistics facility in Ethiopia has just secured Berbera's 30% share of Ethiopian exports and imports. With that being said our government budget will get bigger over the years and our sovereignty will only get stronger.
Somalia has always thought if they continued to economically isolate us from the world that unemployment would rocket and that the people would revolt laakiin the DP World deal has not only cemented our independence but its the gateway to more investment and development.
IOG shot himself in the foot. He disrespected the UAE and they'll send Djibouti back to 2005. Never bite the hand that feeds you.
