Djibouti Ports and Free Zones Authority

DPFZA has signed a major investment agreement to support the regeneration of the historic Port de Djibouti, further developing Djibouti’s services offer for investors and businesses. The transformation of the old port will lead to the construction of a major business district, hotels and conference centres for businesses operating in Djibouti.

The announcement comes following a meeting between DPFZA, China Merchants Port Holdings and Shekou Industrial Zone Holdings, at this year’s One Belt One Road Forum in Beijing. President Guelleh and other government officials were also present at the signing of the agreement, which will boost job creation and investment in Djibouti. In October, Djibouti was named as one of the top 10 most improved economies in the World Bank’s 2019 Ease of Doing Business global ranking. The regeneration project confirms Djibouti’s commitment to consolidating its business environment for international and regional partners, cementing our position as a regional trade and services hub.

Last month, Djibouti inaugurated the Djibouti International Free Trade Zone, which is set to become Africa’s largest free trade zone.

Original article: Djibouti Ports and Free Zones Authority