Red Sea ports boost

on June 18, 2018

The statement did not elaborate on which ports the two countries would develop.

Somalia, Ethiopia to jointly invest in four seaports on the Red Sea

MOGADISHU (Reuters) – Somalia and Ethiopia announced they were jointly investing in four seaports to attract foreign investment to their two countries, the latest move in a tussle for access to ports along one of the world’s most strategic waterways.

After Somalia’s president Mohamed Abdullahi Farmaajo hosted Ethiopia’s prime minister Abiy Ahmed for a meeting at the presidential palace in Mogadishu, the two leaders issued a joint statement of pledges to cooperate on everything from the development of infrastructure including roads linking the two countries to expanding visa services to promote cultural exchanges.

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Source: reuters.com