The Chairman received at Red Sea World the Mayor of the Municipality of Bollnäs, Kingdom of Sweden.

Bollnäs in Sweden is administratively composed of 92 municipalities and 21 cities. The discussions focused on exploring opportunities to establish investment partnerships with Sweden, particularly in sectors aligned with Djibouti’s strategic development priorities.

The Chairman received at Red Sea World H.E. Okochi Akihiro, Ambassador Extraordinary and Plenipotentiary of Japan to the Republic of Djibouti.

The discussions focused on the growing interest of Japanese business companies, with a delegation expected to visit Djibouti in February. These investors have expressed strong interest in establishing operations within the free zones, in order to fully benefit from the trade and investment opportunities offered by Djibouti as a strategic gateway to regional and continental markets.

The NVOCC (Non-Vessel Operating Common Carrier) and MTO (Multimodal Transport Operator) are both intermediaries in shipping, but differ in scope.

An NVOCC focuses on ocean freight, acting like a carrier by booking space in bulk on ships and reselling it, issuing its own Bills of Lading (B/L) for ocean leg.

NVOCC bears the ocean freight which is in liner terms: the Shipping carrier handles and pays for both loading and the origin ports (here the carrier refers to NVOCC duties and responsibilities).

The Chairman received at Red Sea World H.E. Jérôme Bresson, Ambassador Extraordinary and Plenipotentiary of the French Republic in Djibouti.

The importance of Djibouti’s geostrategic location is linked to the construction of the Suez Canal connecting the Mediterranean Sea, the Red Sea, and the Indian Ocean built by the French and the first railway in Africa, Djibouti-Addis Abeba which started in 1897 and completed in 1917.