April 6, 2017 / 2:17 PM / 3 months ago

Somalia's Puntland region says P&O Ports wins $336 mln Bossaso concession

1 Min Read

An aerial view taken from a NATO military helicopter shows Somalia's northern port town of Bossaso, file.NATO/Handout

BOSSASO, Somalia (Reuters) - Somalia's semi-autonomous Puntland region said on Thursday that Dubai's government-owned P&O Ports had won a 30-year concession worth $336 million to expand and manage its Bossaso port.

"This investment is a huge undertaking in Puntland and will greatly contribute to the infrastructure development in Somalia, particularly the Puntland state of Somalia," Puntland President Abdiweli Mohamed Ali said in a statement.

Reporting by Abdiqani Hassan, writing by George Obulutsa, editing by David Evans

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below