By Julian Macqueen
8th January 2014
Somaliland, a breakaway state to the north of Somalia proper, wants to develop Berberainto an export facility for land-locked Ethiopia.
Investors are being assembled to back the $2.5 billion project.
Lawyer and Somaliland envoy Jason McCue is quoted by news provider AllAfrica as saying that an agreement is there which involves “one of the world’s best port operators”.
Authorities in the state are trying to overhaul crumbling infrastructure as they seek to capitalise on their position as a bridge between Africa and the Middle East.
Ethiopia is Africa’s second most populous nation, with 91 million inhabitants, and has annual exports worth almost $1 billion, led by coffee and gold.