Skip to main content
Redevelopment of the historical port into a Business district: The launching ceremony

Redevelopment of the historical port into a Business district: The launching ceremony

Redevelopment of the historical port into a Business district: The launching ceremony

 

The President of the Republic, HE Mr. Ismail Omar Guelleh launched, on Thursday, November 08, the regeneration works of the historic port which will be transformed into an East African business district. The project will have a profound impact on the future course of our country and advance Djibouti's Vision 2035.

Development of infrastructure is at the centre of our vision to transform Djibouti into a regional, indeed global, trade hub.

The regeneration of the historical Port of Djibouti is the natural continuation of recent developments. This project comes to complete the full implementation of the Port-Park-City concept, which refers to the integration of ports, industrial parks and services.

The East Africa International Special Business Zone will take place in six phases. The first phase is the international demonstration area - the central part of the district - and will have an area of ​​approximately 220,500 square meters, a total investment of approximately US $ 513 million and is expected to be completed within ten years.

The first phase consists of the construction of an exhibition center, comprising a center of excellence for maritime studies, as well as conference rooms, a hotel and apartments.

The project aims to improve the economic growth of our country and is expected to attract service sector companies from around the world. It is fully in line with Vision Djibouti 2035, the national development strategy, which aims to derive maximum benefit from our advantageous geographical position and our port and commercial know-how.

The project will generate more than 27,000 jobs for our population and especially our youth

The regeneration of the Old Port is part of many recent development projects. Thanks to the visionary policy of the President of the Republic.