Betting on the Future
Djibouti has huge economic assets. The 23,200km country of a million people bordering on Ethiopia, Eritrea, Somalia and Yemen is in the Horn of Africa. At the crossroads of three continents, located at the straits of Bab-el-Mandeb, the busiest maritime route in the world, Djibouti has prioritized the synergy between ground, sea and air transportation to unleash the economic potential of Africa. Djibouti is the gateway to the Common Market for Eastern and Southern Africa (COMESA), a market of over 497 million people.
Djibouti is a haven of peace at the crossroads of three continents. At first, its location, political stability and hospitality made the country an ideal refuelling stop for ships travelling between Europe and Asia, but then it began serving security and humanitarian purposes. France, followed by the United States, Japan and Germany, established military bases there, from which they ensure the security of shipping in the region. The development agency USAid has set up its regional hub in Djibouti, from which it serves the countries of East Africa. Since the September 2005 inauguration of the deepwater oil port and the December 2008 opening of the Doraleh container port, Djibouti’s authorities have taken advantage of their country’s location near the world’s busiest sea route to transform it into the driving force of its economic growth.