Somaliland: Ethiopia Acquires 19% Stake in DP World Berbera Port

Somalilandsun-DP World, the United Arab Emirates-based maritime conglomerate, has announced that Ethiopia will become a shareholder of the Port of Berbera in Somaliland, a crucial site for Middle Eastern trade, strategically located along the oil route.

This announcement follows an agreement that was signed by DP World and the Somaliland Port Authority in Dubai on March 1, 2018.

DP World will hold a 51% stake in the project, Somaliland 30% and Ethiopia the remaining 19%.

The government of Ethiopia will also invest in infrastructure to develop the Berbera Corridor as a trade gateway for the inland country of Somaliland, which is one of the fastest growing nations in the world. read more

Guul Group to Handle Pontus Marine Fisheries Investment Portfolio

By: Abdirahman YonisAhmed Abdulqadir Ahmed Abdulqadir

Somalilandsun – Due to The Development of the country, Pontus Marine Limited which is Somaliland’s First global Fishing Company with its aim of focusing on supplying quality fishery to domestic and overseas market Welcomes Local Investment Participation to Somaliland.

Speaking to Somalilandsun Mr. Ahmed Abdulqadir Ahmed Public and Communication Manager to Pontus Marine said that Their Company is launching a Development Program to the Country towards Fishing Opportunities read more

Somaliland: Pontus Marine Ltd Launches in Hargeisa September 1st 2013

By: Yusuf M Hasan

Somalilandsun – Pontus Marine Ltd- Hargeisa Launch organized by Guul Group will be 8:30am on Sunday 1st of September at Ambassador Hotel.

Pontus Marine which was founded in 2013 with an aim of providing quality fishery to both

domestic and overseas markets through harnessing the country’s fishing sector shall be issuing company shares worth $5m to the public during the Hargeisa launch at Ambassador Hotel on 1st September 2013.

The Pontius Marine Fishery sector development program shall be based in Mayd and Berbera, Somaliland, which is one of the most productive phytoplankton and zooplankton areas in the world, sustaining rich feeding and nursery grounds for more than 600 fish species, including high value species like tuna, lobster, cuttlefish, shrimps, shark and many more. read more

Somaliland: Pontus Marine Investment Targets the over 600 Species of Fishes in national Waters

ublic share issue in Berbera takes place after technical differences between organizers and Sahil regional administration are solved amicably then not amicably

By: Yusuf M HasanPontus Marine MD Abokor poses an investors querry in BerberaPontus Marine MD Abokor poses an investors querry in Berbera

BERBERA (Somalilandsun) – Residents of Sahil region finally received briefing on the fisheries sector development program fronted by the Pontus Marine Ltd that is issuing shares of the company worth $5m

Despite the failure to undertake the function a day earlier caused by the police which ordered organizers to stop activities then in motion at the Barwago Hotel in Berbera following orders of the regional governor the program went on the following day (28th) as planned. read more

Somaliland: Toghdeer Region Responds Positively to Pontius Marine Shares Issue

By: Yusuf M HasanMr Abokor presents Pontus marine to Toghdeer residents in BuraoMr Abokor presents Pontus marine to Toghdeer residents in Burao

BURAO (Somalilandsun) – The public issue of Pontus marine company shares worth $5m expects to garner over $600,000 in Toghdeer region following the launch of the first ever issue of such shares in the country in Burao town.

At a function organized by the Guul Group consultancy company 79 resident5s of the sprawling region in the east and home to the biggest livestock market in Somaliland registered for purchase of a diversified number of the Pontus marine ltd shares each worth $500.

The prospective shareholders of Pontus marine an international company owned by somalilanders mostly in the Diaspora is to be partners in a fisheries sector development that will see the country attempt for the first to have its marine resources fully benefitting residents.

During a presentation at the Burao function held at the cities Barwago hotel –Omaar building a company director Mr. Ahmed Abokor who made a presentation on the fisheries program of his company and later fielded questions to the assembled prospective investors informed that the main objective is not only to develop the sector which is currently of benefit to foreigners both legal and illegal but to have active participation of citizens as well.

The Managing director who gave various aspects of the fisheries sector development plan of the company further urged citizens to take part in the innovative fisheries strategies designed by Pontus marine by acquiring shares in the company thence became part of an innovative plan.

According to Mr. Abokor hundreds of somalilanders in the Diaspora have already acquired Pontus marine ltd fisheries development shares thence the opportunity for local based ones to do likewise through the $5m worth of shares on offer.

A section of participants at the Burao Share issue A section of participants at the Burao Share issue”The company is focusing on supplying fully processed quality fishery to both domestic and overseas markets through the acquisition of state of the art technology and the establishment of canning factories in a number of port cities” said Mr. Abokor

In conclusion of his presentation the Pontus marine director further revealed that “Not only shall the successful implementation of this program greatly facilitate locals benefit from their marine resources but create over 400 new jobs in the fishery and other related sectors like services, transport and hospitality etc”

Having successfully completed its first foray of organizing and conducting the Pontus marine shares issue in Burao Guul Group is in Sahil Region where residents of the country’s major fishing industry shall be availed a similar opportunity at the Barwago hotel in Berbera town on 27th August 2013 at 6pm followed by Marodhi-jeeh region a few days later.

Be there to be part of this great innovative project designed to stimulate the country’s fishing industry thus provide sustainable livelihoods, employment opportunities and economic development.

For details on how to participate in this venture for citizens outside the country or in other parts of the country kindly Contact the Guul Group Managing Director Mr. Guleid Telephone 00252 24735293 and emailgrowth@guulgroup.com

Related Article

Somaliland: Pontus Marine Share Issue Targets 400 New Employment Opportunities

Somaliland: Pontus Marine Share Issue Targets 400 New Employment Opportunities

By: Yusuf M HasanGuul Group and Pontus marine ltd officials at the progream Launch in HargeisaGuul Group and Pontus marine ltd officials at the progream Launch in Hargeisa

HARGEISA (Somalilandsun) – Pontus Marine Ltd Somaliland’s first global fishing company focusing on supplying quality fishery to both domestic and overseas markets has launched its local operations with the issue of $5m worth of shares of the company to the public.

At a function organized by Guul Group Consultancy at Ambassador Hotel in Hargeisa the Managing Director of Pontus Marine Ltd Mr. Ahmed Abokor revealed that over 400 new employment opportunities are targeted following the share issue to the public.

“So far hundreds of somalilanders in the Diaspora have already acquired Pontus marine ltd fisheries development shares” said Mr. Abokor as he informed that $5m worth of shares are on offer for citizens.

The Managing director who gave various aspects of the fisheries sector development plan of the company further urged citizens to take part in the innovative fisheries strategies designed by Pontus marine by acquiring shares in the company.

The Pontus marine fishery program shall provided canned marine products packed in establishments to be established in Hiis and Mayd ports in Sanaag region.

The company’s public share issue shall initially be held in three cities is spearheaded by Guul Group which is organizing the launch of this much needed investment and subsequent operations startup.

Following the press conference that launched the program Guul Group has organized the following itinerary for the Pontus marine bosses to officiated at the share issues

1. Toghdeer region at Barwago Hotel Burao on 26th August 2013 at 6pm

2. Sahil Region at Barwago Hotel Berbera on 27th August 2013 at 6pm

3. Marodhi-jeeh region at Ambassador Hotel Hargeisa on 28th August 2013 at 6pm

Be there to be part of this great innovative project designed to stimulate the country’s fishing industry thus provide sustainable livelihoods, employment opportunities and economic development.

The two companies of Guul Group -organizing and Pontus Marine Ltd-implementing are owned by somalilanders in the Diaspora with broad international and local consultancy and investment experience.

Related

Public Announcement: Business opportunities at Petrosoma and Pontus Marine Limited

Guul Group Investment Consultancy Partner in Somaliland

Somaliland: Pontus Marine to Issue Fisheries Development Shares