[4] In May 2016, DP World signed a US$442 million agreement with the government of Somaliland, to operate and exercise a regional trade and logistics hub at the Port of Berbera.
On 1 March 2018, Ethiopia became a major shareholder following an agreement with DP World and the Somaliland Port Authority.
On 24 July 2021, The new container terminal in Berbera Port was officially inaugurated by Muse Bihi Abdi, President of Somaliland, Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World and a government delegation from Ethiopia, led by Ahmed Shide Minister of Finance and Dagmawit Moges Minister of Transport A new 400-meter berth and three ship gantry cranes with a capacity of 500,000 TEUs per year.
As there is not export of crude oil, liquid bulk volumes are not a significant import commodity either in 2050, representing just 0.8 million ton in 2050.
The large difference in these growth rates is because Berbera is expected to capture 7.5 percent of the Ethiopian container, dry bulk, and general cargo volumes between 2021 and 2025.