The development of the Berbera Economic Zone (BEZ) in proximity to the Port of Berbera positions it as the new integrated maritime, logistics and industrial hub in the horn of Africa.
Modelled on Jebel Ali Free Zone (Jafza), DP World’s flagship project in Dubai, the BEZ aims at providing local and foreign investors with a conducive and competitive environment for investment and trade.
The conducive environment will be created through readily available infrastructure consisting of prebuilt warehousing facilities, serviced land plots, office and business centre spaces. Investment and trade facilitation services will also be offered through the setting up of the Berbera Economic Zone Authority’s one stop shop which will be managed by DP World.
The competitive environment in BEZ will be created through a range of fiscal and non-fiscal incentives, including exemption from corporate tax, duty free storage of goods, 100% foreign ownership as well as the ability to operate through branches of foreign companies.
One distinctive advantage that the BEZ will offer to its customers is the commercial benefit of forming part of DP World’s global portfolio of parks and economic zones. They can also benefit from the unique Jafza Incubation Centre offering which will enable BEZ customers to set up their business in Jafza at very competitive costs.
The BEZ will create a positive economic impact in Somaliland by increasing foreign direct investment, creation of jobs as well as the transfer of know how.