DP World eyes Eritrean ports in region strategy
(WorldNews Africa)

Addis Ababa - The Red Sea state of Eritrea may play a key role in DP World´s plans in the Horn of Africa, where a dozen ports could be needed to service the region, CEO Sultan Ahmed bin Sulayem said. The Dubai-based state-controlled harbour operator is evaluating its strategy in the region after having its stake in a port in Djibouti - the main trade route for Ethiopia, Africa´s fastest-growing economy - nationalised by the government. Developing more ports in the Horn, including one it is already building at Berbera in the self-declared republic of Somaliland, will help boost trade flows to Dubai, Bin Sulayem said in an interview. Eritrea´s strategic location near the Bab el-Mandeb Strait,...