Gaas Returns To Bosaso Ahead Of The DP World Handover Ceremony

Abdalla

Medical specialist in diagnosing Majeerteentitis
Prof.Dr.Eng.
VIP
it ticks me off that its DP World, why not sign a deal with Rotterdam port company, why sign it to a company that only started in 1999/2005 and that we know has problems.
Gaas and his team travelled all over the world to find an investor. They went to Europe, China, and even Turkey. It's a risk for countries to invest in Somalia considering its volatility. To put things in perspective: the entire SFG budget does not exceed 200 million a year, but P&O is willing to invest 336 million in two years.

I think it's a much better deal than the deal of Berbera and what the Turkish company is offering the Mogadishu port. Because Bosaso port is now much smaller than these two, however in two years we will be about the same size with the same capabilities. DP World and the Turks are offering them just money, we will get a long term investment in the port enlargement. I rather have investment than just money

P&O Ports was a British company with a hostory of 200 years. It was bought by the UAE in the 2000s. So your comment that it was started in 1999/2005 is false
 

Saalax Bidaar

Truthfulness so often goes with ruthlessness
VIP
P &O is meant for Small to medium sized ports like Bosaaso. Basically it is for minor leagues, light weight stuff.
Which explains why they will only invest $136 million to manage Bosaaso for 30 years.

Ports, Customs and Free Zone Corporation (PCFC), today announced the establishment of P&O Ports to focus on taking over the operation of small to medium-sized, multi-purpose ports worldwide.
DP world is the flagship and obviously puts more importance on Berbera. This is where the big bucks will be made. Nonetheless, it is important to mention that even though DP owns P&O, they are still in different category.
 

Von

With blood and Iron will we reach the fatherland
Gaas and his team travelled all over the world to find an investor. They went to Europe, China, and even Turkey. It's a risk for countries to invest in Somalia considering its volatility. To put things in perspective: the entire SFG budget does not exceed 200 million a year, but P&O is willing to invest 336 million in two years.

I think it's a much better deal than the deal of Berbera and what the Turkish company is offering the Mogadishu port. Because Bosaso port is now much smaller than these two, however in two years we will be about the same size with the same capabilities. DP World and the Turks are offering them just money, we will get a long term investment in the port enlargement. I rather have investment than just money

P&O Ports was a British company with a hostory of 200 years. It was bought by the UAE in the 2000s. So your comment that it was started in 1999/2005 is false
Times are tough for Somalia, You know 300 million isn't much plus for 30 years as well, I've done a case study and traveled to my city's port which was built in the billions. I guess this is still good development, I predict that 20ish years Somalia's economy will rocket up, so have ports that work will be a good thing and we still have many other ports that Somalis themselves can invest in.
do you know how the revenue will be divided?
Didn't know that PnO was British but I know DP world started in 2005 with a merger.
 

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