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Deep-Water Somali Port Gives Landlocked Ethiopia New Trade Route

  • Port and road link part of $531 million investment plan
  • Project will help reduce congestion at other Somali ports

Somalia will open a deep-water port on its northern coast next month, with a road link forging a new trade route connecting Ethiopia’s south-eastern region with the city of Gara’ad.

The development is part of a $531 million investment plan aimed at boosting the export of livestock, fish, minerals and agricultural commodities, according to Saed Faadi, the chief executive officer of Wadagsan LLC, the developer.