Lower House of parliament makes bill nullifying Somaliland-DPW agreement

[Deeq A.]

The Lower house of Somalia’s Federal Govt has a passed a bill on Monday nullifying the agreement between Somaliland an UAE based DPW firm to invest Berbera port. The new bill which is also barring Dubai Ports World (DPW) conducting investment projects in Somalia.

The bill further stipulates that the Federal Govt is the sole legitimate body that can enter into international investment agreements with foreign firms. The House accused of DPW of violating the independence, the freedom and the unity of Somalia. The new law will be submitted to upper house for endorsement and the president will later sign into a law.