Puntland Renegotiates DP World Concession to Manage Bosaso Port

[ZodiaK]

Puntland Renegotiates DP World Concession to Manage Bosaso Port – Puntland Post

Bosaso (PP News Desk) — Puntland State President Said Abdullahi Deni today publicized “successful renegotiation of DP World concession to… Sii akhri

puntlandpost.net

Bosaso (PP News Desk) — Puntland State President Said Abdullahi Deni today publicized “successful renegotiation of DP World concession to run Bosaso Port”. Speaking to regional civil servants, traditional leaders and other notables at Waaciye village in Bari.


President Deni said that “our argument was that P&O had failed to successfully manage Bosaso Port. As a result of this failure the concession will have to be renegotiated. DP World was not directly involved in the management of the port. A joint venture between DP World and Puntland State Government has been formed”.

Under the new arrangement, Puntland State owns 25% of the stake. Under the previous concession Puntland did not own any stake” said President Deni whose remarks will pile more pressure on his predecessor Dr Abdiweli Mohamed Ali whom he accused of selling Puntland short.

DP World acquired P&O nearly two years after Puntland State granted P&O a controversial thirty-year concession challenged by the Federal Government. In 2018 the Somali Federal Parliament banned DP World from operating in Somalia. The United Arab Emirates government owns DP World, which was delisted from Nasdaq in 2020.

President Deni said that the new joint venture would be launched soon. He expects that a new Somali federal dispensation could waive the ban on DP World.

Saciid Deni oo shirkadda P&O Port ka wareejiyey Dekedda Boosaaso - Caasimada Online

Boosaaso (Caasimada Online) – Madaxweynaha dowlad goboleedka Puntland, Mudane Saciid Cabdullahi Maxamed (Deni) oo wariyeyaasha la hadlay ayaa shaaca ka qaaday in maamulka Dekedda Boosaaso uu ka wareejiyey shirkaddii gacanta ku heysay ee P&O, taas oo hoostegta shirkadda DP-World ee laga leeyahay...

www.caasimada.net

 

[Somalia252]

No ports for the UAE

 

[Gadhwayne]

PL people demanded rescinding the corrupt Boosaaso port agreement with DP World. AaranJaan said they heard the people

inay haatan maamulka dekedda ku wareejiyeen shirkad kale oo iyana hoostagta DP-World

The corrupt DP World deal will be transfered from 1 subsidiary of DP World to a different subsidiary of DP World


AaranJaan had to save face after allegedly getting reprimanded by the UAE but they are still abiding by the corrupt DP World agreement




The residents of Bari/Nugaal deserve better

 

[Dharbaaxo Jin]

Under the previous concession Puntland did not own any stake” said President Deni

Damn. I knew they were getting hosed, but this is even worse than I figured.

 

[Dalalos_ibn_Adali]

Seems like Boqor Burhans demands went through

 

[Gadhwayne]

Damn. I knew they were getting hosed, but this is even worse than I figured.

AaranJaan still benefit though

Seems like Boqor Burhans demands went through

Nothing changed. Its still DP World. Same company. Call it a new deparment

No ports for the UAE

DP World = Dubai Ports World. Dubai city and DP World are in UAE

 

[Dharbaaxo Jin]

AaranJaan still benefit though

Deni might get a few dollars for his own backpocket, but the Emiratis have shown no interest in developing Bosaaso till now. I don't think anything's changed for them.

 

[ZodiaK]

 

[Dharbaaxo Jin]

Two noteworthy points.

1) The MP in the pink shirt around the 10:00 min mark says outlines how businessmen in Somalia have switched doing their business from Bosasso to Berbera.


2) Throughout the questioning of the minister, it is clear that the MPs are questioning whether PL will actually get thw 25% share of Bosaaso that Deni announced, as so far the government is not forthcoming with any documentation of the supposed agreement. So far there has only been PL government's verbal announcements.

 

[Manafesto]

Two noteworthy points.

1) The MP in the pink shirt around the 10:00 min mark says outlines how businessmen in Somalia have switched doing their business from Bosasso to Berbera.


2) Throughout the questioning of the minister, it is clear that the MPs are questioning whether PL will actually get thw 25% share of Bosaaso that Deni announced, as so far the government is not forthcoming with any documentation of the supposed agreement. So far there has only been PL government's verbal announcements.

Buddy,Are you color blind or what, that color doesn't look pink to me, it is a mix of two colors,red and orange, look at the red color of chairs behind him,may be I am color blind,I need second hand opnion on this.