UAE condemns ‘terror’ attack on Emirates Red Crescent convoy
UAE Ministry of Foreign Affairs says attack will not deter it from extending assistance to Somalia
The UAE on Wednesday denounced an attack that took place on a convoy of the Emirates Red Crescent in the Somali capital city of Mogadishu.
No human casualties were reported in the attack which local media described as a “landmine explosion” which hit a vehicle ferrying representatives from the charity.
The blast happened in Garasbaaley area west of Mogadishu city.
In a statement, the UAE Ministry of Foreign Affairs and International Co-operation, reiterated the UAE’s support for the government and people of the Somalia.
Abu Dhabi Fund for Development (ADFD) has announced a contribution of AED330 million ($89.8 million) to implement development projects and programmes in key sectors in Somalia, particularly infrastructure and transport.
The funding underpins efforts to improve public services, create new job opportunities and ensure stability and social development, state news agency WAM reported on Wednesday.
It said the contribution aims to help Somalia overcome the economic challenges it faces through financing sustainable projects which in turn promote socio-economic wellbeing, alleviated living standards, long-term growth and prosperity.
ADFD said its support will stimulate construction efforts, expand and rehabilitate roads, build bridges and ultimately increase efficiency in the movement of goods and products across Somalia.
Since its inception in 1971, ADFD has financed development projects valued at AED80 billion in more than 80 countries around the world.
The fund focuses on projects that are designed to enhance key sectors including renewable energy, transport, infrastructure, agriculture, mining, industry, healthcare, social services, housing, water and electricity.
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Dubai set to invest $336m to develop Somali port
P&O Ports, owned by the Government of Dubai, has won a 30-year concession for the management and development of a multi-purpose port project at Bosasso in the Puntland state of Somalia.
Investment in the facilities is expected to be about $336 million divided into two phases, state news agency WAM reported on Thursday.
Work on the project will involve building a 450m quay and a 5 hectare back up area, dredging to a depth of 12m with reclamation work using dredge spoil, it said.
There will also be major investment in an IT and terminal operating system, mobile harbour cranes and container handling equipment, it added.
President of Puntland, Abdiweli Mohamed Ali, said: “This investment is a huge undertaking in Puntland and will greatly contribute to the infrastructure development in Somalia.
“Infrastructure development is a priority for the government of Puntland as it underpins the efforts of taking this country forward.”
Sultan Ahmed Bin Sulayem, Ports, Customs & Freezone Corporation (PCFC) chairman, added: “The Port of Bosaso is a unique opportunity to enter into a multi-purpose port that is transitioning to containerisation in a country that is growing strongly as it enters a period of sustained peace.”
The Port of Bosaso is located in Puntland State of Somalia, 2,000km north of Mogadishu. It occupies a strategic location for maritime transport in the Gulf of Aden at the southern approach to the Red Sea and Suez Canal.
Source:arabianbusiness.com
UAE condemns ‘terror’ attack on Emirates Red Crescent convoy
UAE Ministry of Foreign Affairs says attack will not deter it from extending assistance to Somalia
The UAE on Wednesday denounced an attack that took place on a convoy of the Emirates Red Crescent in the Somali capital city of Mogadishu.
No human casualties were reported in the attack which local media described as a “landmine explosion” which hit a vehicle ferrying representatives from the charity.
The blast happened in Garasbaaley area west of Mogadishu city.
In a statement, the UAE Ministry of Foreign Affairs and International Co-operation, reiterated the UAE’s support for the government and people of the Somalia.
Abu Dhabi Fund for Development (ADFD) has announced a contribution of AED330 million ($89.8 million) to implement development projects and programmes in key sectors in Somalia, particularly infrastructure and transport.
The funding underpins efforts to improve public services, create new job opportunities and ensure stability and social development, state news agency WAM reported on Wednesday.
It said the contribution aims to help Somalia overcome the economic challenges it faces through financing sustainable projects which in turn promote socio-economic wellbeing, alleviated living standards, long-term growth and prosperity.
ADFD said its support will stimulate construction efforts, expand and rehabilitate roads, build bridges and ultimately increase efficiency in the movement of goods and products across Somalia.
Since its inception in 1971, ADFD has financed development projects valued at AED80 billion in more than 80 countries around the world.
The fund focuses on projects that are designed to enhance key sectors including renewable energy, transport, infrastructure, agriculture, mining, industry, healthcare, social services, housing, water and electricity.
Read Also related stories
Dubai set to invest $336m to develop Somali port
P&O Ports, owned by the Government of Dubai, has won a 30-year concession for the management and development of a multi-purpose port project at Bosasso in the Puntland state of Somalia.
Investment in the facilities is expected to be about $336 million divided into two phases, state news agency WAM reported on Thursday.
Work on the project will involve building a 450m quay and a 5 hectare back up area, dredging to a depth of 12m with reclamation work using dredge spoil, it said.
There will also be major investment in an IT and terminal operating system, mobile harbour cranes and container handling equipment, it added.
President of Puntland, Abdiweli Mohamed Ali, said: “This investment is a huge undertaking in Puntland and will greatly contribute to the infrastructure development in Somalia.
“Infrastructure development is a priority for the government of Puntland as it underpins the efforts of taking this country forward.”
Sultan Ahmed Bin Sulayem, Ports, Customs & Freezone Corporation (PCFC) chairman, added: “The Port of Bosaso is a unique opportunity to enter into a multi-purpose port that is transitioning to containerisation in a country that is growing strongly as it enters a period of sustained peace.”
The Port of Bosaso is located in Puntland State of Somalia, 2,000km north of Mogadishu. It occupies a strategic location for maritime transport in the Gulf of Aden at the southern approach to the Red Sea and Suez Canal.