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Investment Agreement: Project to transform the former port of Djibouti into a business district

Investment Agreement: Project of redeveloping Djibouti's historic port into business district

Agreement between Great Horn Investment Holding and China Merchants on the project to transforming Djibouti’s historic port into a business district took place today via video conference.

This ceremony saw the participation of the DPFZA Chairman, Mr Aboubaker Omar Hadi and Mr Li Yadang,  Deputy Director General of China Merchants Group, as well as other senior executives of the ' Djibouti Ports and Free Zones Authority and China Merchants.

 

In an investment amount of more than US$350 Million, this project will make Djibouti a leading business center where the business community around the world ‘meet and exchange' and will eventually create more of 27,000 jobs. It also marks the culmination of the strategy of Port-Park-City, a model integrating high-performance ports, free zones and business centers.

It should be noted that the first stage of this vast project has already started on October 8, under the high patronage of the President of the Republic, H.E Mr. Ismail Omar Guelleh.

An exhibition center, a four-star hotel and business towers to host headquarters of large international groups, as well as strolling areas and shopping malls will be built.