In brief
- Wardheer News reported on 15 September 2014 that Raysut Cement and Barwaaquo Cement signed a joint venture for a packaging and distribution terminal at Berbera port.
- The report cited a planned investment of US$7.5 million, storage capacity of 12,000 t, and completion by end of 2015.
- No evidence establishes that the terminal was constructed, started, or completed; the source of the investment figure is unidentified.
On 15 September 2014, Wardheer News reported that Raysut Cement Company had signed a joint venture agreement with Barwaaquo Cement Company for the construction of a new packaging and distribution terminal at Berbera port. The report, citing a Raysut Cement filing, said the companies would invest a total of US$7.5 million in the project, though the source of that figure was not identified in the article.
The agreement was signed by Eng Salim Bin Alawi Bin Mohammed Baabood, Chief Executive Officer of Raysut Cement, and Ismail Saeed Hussain, Board Chairman of Barwaaquo Cement, according to Wardheer News. The terminal was planned to have a storage capacity of 12,000 t, with construction works expected to be completed by the end of 2015.
Baabood, as quoted by Wardheer News, said the agreement formed part of Raysut Cement's expansion plans and would help the company increase exports and diversify its source of income. The report described Berbera port as the commercial capital of Somaliland, a characterization that appears in the article without attribution to an independent source.
The Wardheer News piece was edited from various sources by Rosalie Starling, with Worldcement.com listed as the original source. No primary filing from Raysut Cement is publicly available, and the report does not provide a named representative or title for Barwaaquo Cement's signatory beyond the name given.
No information is available on whether the terminal was actually constructed, whether construction began, or any status update after 15 September 2014. The 12,000 t capacity remains a planned figure, and the end-2015 completion target is unconfirmed.
Frequently asked questions
What was the planned capacity of the Berbera cement terminal?
Wardheer News reported the terminal would have a storage capacity of 12,000 t.
What investment was committed for the Raysut-Barwaaquo terminal?
Wardheer News reported the companies would invest a total of US$7.5 million, but the source of the figure was not identified.
When was the terminal expected to be operational?
Construction works were expected to be completed by the end of 2015, according to Wardheer News. No current status is known.