The economic source of the free zone in Berbera

yestarday Inauguration ceremony for Berbera Economic Zone - BEZ. Berbera Economic Zone (BEZ) is a significant economic development project in Somaliland, located in the Berbera city of the Sahil region. 

The project aims to transform Berbera into a major trade and logistics hub in the region, connecting Somaliland to the wider world economy. 

BEZ is being developed through a public-private partnership between the Somaliland government and a UAE-based company, DP World. 

The project involves the development of a new port, an airport, a free trade zone, and other related infrastructure. 

The development of BEZ is expected to have a significant impact on the economy of Somaliland and the wider region, as it will create new employment opportunities, boost trade and investment, and enhance the country's infrastructure. 

The project is also expected to improve regional connectivity, as it will provide a gateway to markets in East Africa, the Middle East, and beyond. 

However, the development of BEZ has not been without controversy. Some critics have raised concerns about the impact of the project on the environment and local communities, as well as the potential for it to deepen Somaliland's economic dependence on foreign investment. 

Nonetheless, BEZ remains a key economic development project in Somaliland, and its success could have far-reaching implications for the region's economic growth and development.