Djibouti premier invites Chinese investment in ports
Prime Minister urges Chinese firms to invest in Djibouti's ports and industry, highlighting strategic location.
Djibouti's Prime Minister has called on Chinese companies to invest in the nation's ports and industrial sectors. The appeal was made ahead of a meeting scheduled for November 7 in Jinhua, Zhejiang province.
The Prime Minister, speaking for the Djiboutian government and people, described China as Djibouti's most reliable partner. He noted the strong diplomatic ties established in 1979 and elevated to a global strategic partnership in 2024, referencing the Forum on China-Africa Cooperation summit's impact.
Djibouti, positioned as the "guardian of the Bab-el-Mandeb strait," aims to leverage its strategic maritime location for port logistics and trade services, the pillars of its national economy under the "Vision 2035" plan. The country also seeks to develop solar and geothermal energy for a low-carbon transition.
Why it mattersDjiboutian businesses and the national economy will be affected by Chinese investment in ports and industry.