Location, Location, Location: UAE upping Somalia trade links amidst resurgent piracy threat

by Kira Munk 
Despite the return of piracy off Somalia’s coasts in 2017, the UAE and others continue to bank on the region, sinking millions into new infrastructure.
The historical roots of engagement between the United Arab Emirates (UAE) and Somalia harken back centuries to when Arab merchants controlled trade routes circumventing what now constitutes Somalia and the semi-autonomous Somaliland and Puntland regions. In March 2017, word broke that UAE-based heavy hitter DP World was planning to manage and develop a port in Berbera, Somaliland. In addition in April, UAE-based P&O Ports won a 30-year contract for the Puntland port of Bosaso. What is unfolding is a bid for strategic trade relevance, as well as for political clout and access to a troubled and opportunity-rich corner of the world.
To continue reading, please click here.
Source: http://globalriskinsights.com/

Share this article

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

More articles from MAST...

Get in touch

Main Office: +44 (0) 1279 216726

Risk Consulting
Email: Riskconsulting@mast-security.co.uk
Call: +44 (0) 1279 874 528

Physical and Asset Security
Email: Protection@mast-security.com
Call: +44 (0) 1279 874 529

Security Systems
Email: Technology@mast-security.com
Call: +44 (0) 1279 874 521

Maritime Security
Email: Operations@mast-security.co.uk
Duty Manager: +44 (0) 7827 359132
24/7 Emergency Telephone+44 (0) 1202 045 833

Skip to content