Somalia to Start Development of $70 Million Port in December
- Turkish company Metag Holding is constructing the facility
- Hobyo would be closest sea port for landlocked Ethiopia
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Somalia’s coastal town of Hobyo will see the start of construction of a new port in December, with the facility ready for use in three years.
Metag Holding, a Turkish company based in Ankara, will work with Hobyo Investment Co. to build the harbor that would be about 435 miles northeast of the capital of Mogadishu, company representative Mohammed Ali Warsame said Monday. The firms have allocated $70 million for the first phase of the project.