Djibouti Strengthens Role as Trade Hub with Tiryaki and IFC Partenership

This morning, the Chairman received at Red Sea World, Mr. Suleyman Tiryakioglu the CEO of the leading Turkish agro-industrial company" Tiryaki".

The discussions centered on Tiryaki’s strategic approach to leveraging Djibouti’s prime geographical position as a gateway to East Africa and beyond. With its extensive expertise in food supply chains and agricultural logistics, Tiryaki is going to contribute to regional development and connectivity, further enhancing Djibouti’s role as a hub for trade and investment.

Later in the day, the Chairman, in the presence of H.E. Ilyas Moussa Dawaleh, Minister of Economy, and Mr. Ahmed Osman, Governor of the Central Bank, attended a signing ceremony between Tiryaki and the International Finance Corporation (IFC).

This agreement secures a loan of $20–25 million USD FDI, which will be invested in Djibouti’s logistics sector. The initiative represents a vital step in strengthening the country’s infrastructure and advancing its strategic objectives in the region.