April 6, 2017 / 2:17 PM / 8 months ago

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

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.

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

“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

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