International law firm Simmons & Simmons has advised the Government of Somaliland on their 30 year concession and joint venture arrangements with DP World for the management and development of the Port of Berbera.
The development arrangements will involve an investment of US$442 million in the Port of Berbera with the intention of transforming the existing port into a key logistics hub in the region and a new point of access to the Red Sea.
Paul Bugingo, the client partner and co-chair of the firm’s Africa group, added: "We are delighted to have been involved in this historic project which is a further example of the increased interest and investment appetite in this region of Africa. Simmons & Simmons was appropriately positioned to advise on this project by drawing on its Dubai presence, its wide Africa expertise and its leading global infrastructure practice".
David Risbridger, lead partner, added “This was a challenging project carried out over a highly ambitious timeframe and required real team work, exemplary project management skills and a detailed understanding of port projects in the context of East Africa. Our team, working together with local counsel, Ibrahim Abdirahman of Acacia Capital Holdings successfully helped deliver critical infrastructure in a timely and professional manner for the benefit of the Somaliland people. We are proud of our involvement in the project and look forward to further work with the Somaliland Government.”
The Simmons & Simmons team was led by partner David Risbridger, assisted by partners Paul Bugingo, Adrian Nizzola, James Coleman and associate Sam Khajeei.
-Ends-
Source- Simmons & Simmons
Follow @Medeshi
The development arrangements will involve an investment of US$442 million in the Port of Berbera with the intention of transforming the existing port into a key logistics hub in the region and a new point of access to the Red Sea.
Paul Bugingo, the client partner and co-chair of the firm’s Africa group, added: "We are delighted to have been involved in this historic project which is a further example of the increased interest and investment appetite in this region of Africa. Simmons & Simmons was appropriately positioned to advise on this project by drawing on its Dubai presence, its wide Africa expertise and its leading global infrastructure practice".
David Risbridger, lead partner, added “This was a challenging project carried out over a highly ambitious timeframe and required real team work, exemplary project management skills and a detailed understanding of port projects in the context of East Africa. Our team, working together with local counsel, Ibrahim Abdirahman of Acacia Capital Holdings successfully helped deliver critical infrastructure in a timely and professional manner for the benefit of the Somaliland people. We are proud of our involvement in the project and look forward to further work with the Somaliland Government.”
The Simmons & Simmons team was led by partner David Risbridger, assisted by partners Paul Bugingo, Adrian Nizzola, James Coleman and associate Sam Khajeei.
-Ends-
Source- Simmons & Simmons
Follow @Medeshi
