Chairman receives a U.S - Djibouti Trade and Investment Mission delegation

Yesterday, the Chairman received the U.S - Djibouti Trade and Investment Mission delegation at Red Sea World.

They first visited the Doraleh Multipurpose Port, where they observed its operational capabilities and gained insight into its important role in facilitating regional and international trade.

Then, they were given a comprehensive presentation outlining the development vision and strategic goals of Djibouti Ports and Free Zones Authority.

The American delegation expressed significant interest in investing in the following sectors :
•⁠  ⁠Renewable energy,
-  Tourism and Hotel industry,
•⁠  ⁠Medical Facilities,
•⁠  ⁠and Real Estate.

Djibouti is not a big market but serves a large market because of its location, soft power and political stability. It is also a gateway to a market of over 600 million people in the COMESA region, making it a strategic hub for trade and investment.
Djibouti offers 6 ports and 4 free zones.
It has zero taxes for export and 100 % foreign owned FDI.

The African Growth and Opportunity Act (AGOA) is dead and Djibouti export is impacted at a 10 % tariff. How can we trade with the US? 

These discussions emphasize the growing potential of Djibouti in various sectors. This visit also shows the strategic importance of the country as a regional trade and investment hub.