Free Trade Zones

IFFCO to develop edible oil packaging plant in Somaliland

DP World has signed a lease and collaboration agreement with UAE-based food producer IFFCO, for an edible oil packaging plant in the Berbera Economic Zone (BEZ) in Somaliland.

IFFCO’s subsidiary, IFFCO Somaliland has signed a 25-year lease with BEZ to develop a 300,000 square foot packaging facility, with future expansion plans covering an additional 300,000 square feet.

When completed, the first phase of the edible oil factory will create hundreds of jobs for local Somaliland citizens. Construction will begin in the first half of 2023.

The agreement was signed in Dubai by Suhail Albanna, CEO and Managing Director of DP World, Middle East and Africa, and IFFCO Executive Director Rizwan Ahmed.

DP World is developing the BEZ after investing in the Port of Berbera to create an integrated maritime, logistics and industrial hub to serve the Horn of Africa, a dynamic and constantly changing region with a population of over 140 million, with a strategic location along the main commercial sea routes and land routes.

Modeled after the Jebel Ali Free Zone (Jafza), DP World’s flagship free zone in Dubai, BEZ has been developed around a customer-centric ecosystem, where DP World not only develops the zone, but will operate also the one-stop-shop for business registration and licensing services, as well as logistics services and tailor-made construction services.

This ecosystem also relies on synergies with the Jebel Ali Free Zone (Jafza), where on the one hand, companies can register their businesses through the Jafza one-stop shop, while on the other hand, companies in the economic zone of Berbera can take advantage of the Jafza. incubation center services.

DP World’s portfolio of economic zones such as BEZ will bring our Jafza customers closer to their markets.

Suhail Albanna, CEO and Managing Director of DP World Middle East & Africa, said, “We are delighted to welcome a large multinational like IFFCO to the Berbera Economic Zone.

IFFCO’s decision to set up a plant is a major vote of confidence in the area and a testament to our offerings.

In fact, with the port, economic zone and one-stop shop under DP World, it will be like a home away from home for Dubai-based customers like IFFCO.

The zone will also have a positive impact on the local and regional economy by creating jobs and attracting more foreign direct investment to Somaliland.

Shiraz Allana, Director and Supervisory Board Member of IFFCO, said, “IFFCO continues to invest in the future of food and supply chains globally.

We currently operate 95 facilities, including several port manufacturing facilities around the world. This partnership with DP World demonstrates our commitment to the UAE National Food Security Strategy and the facilitation of global food trade.

It also improves access to African consumer bases quickly and more efficiently. The IFFCO team will build an exceptional infrastructure to help ensure continuous business flow from scratch. »