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Old January 17th, 2017, 08:45 AM   #1
Ras Siyan
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Djibouti International Free Trade Zone | Phase 1 | Djibouti City | Completed



Quote:
By Abdourahim Arteh | DJIBOUTI

Jan 16 The president of Djibouti on Monday formally launched the construction of a project touted as Africa's largest free trade zone, to be built in the tiny Horn of African nation with Chinese backing.

The agreement to build the 48 sq km (19 sq mile) free trade zone was signed in March 2016 as part of China's bid to expand trade routes, a series of infrastructure initiatives stretching across 60 countries that the Chinese have dubbed "One Belt, One Road".

Tiny Djibouti, population 876,000, has long punched above its weight. It hosts large U.S. and French naval bases; China is also building a naval base. Djibouti also handles roughly 95 percent of the inbound trade for neighbouring Ethiopia, population 99 million.

"(Djibouti) aims to become a gateway not only to Ethiopia but to South Sudan, Somalia and the Great Lakes region," Aboubaker Omar Hadi, chairman of the Djibouti Ports and Free Zone Authority, told Reuters.

"This new free zone will be the country's first employment reservoir, with more than 15,000 direct and indirect jobs created."

China's largest public port operator, Dalian Port Corporation Limited, is building the free trade zone. The Djibouti Ports and Free Zone Authority will operate it in a joint venture with China Merchants Holdings.

The agreement calls for the zone to handle $7 billion in trade within two years. Djibouti will create a unified customs system with China, establish a transit trade centre and set up a currency clearing system, the agreement said.

Chinese companies are also expanding Djibouti's Doraleh Multipurpose Port, estimated to cost $590m and scheduled to be operational in 2017, and building two new airports for with a combined cost of $599m.

The larger of the two facilities - slated for completion in 2018 - will be located 25 km south of Djibouti City and will be able to handle 1.5 million passengers per year and 100,000 tonnes of cargo. The second facility, located in the north, will have a capacity of 767,000 passengers per year.





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Old January 17th, 2017, 11:04 AM   #2
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China Merchants Group (CMG) has formed a multi-party joint venture to invest in Djibouti International Free Trade Zone, expanding from the group’s existing interest in the port of Djibouti and helping to promote the country’s economic development.

An asset joint venture, formed by CMG’s subsidiaries China Merchants Port Holdings Company, Cheer Signal and China Merchants Investment Development Co (CMID), will act as a platform for the parties to co-invest in Djibouti International Free Trade Zone. CMG has proposed to invest $30m into the joint venture.

The China Merchants Group’s asset joint venture will have a 30% stake in the Djibouti asset company. Great Horn Investment Holdings, subsidiary of Djibouti Ports & Free Zones Authority will take 60% interest and China’s Port of Dalian Group will own 10%.

The Djibouti asset company will invest in and finance the development rights to develop commercial and infrastructure projects within Djibouti Free Trade Zone.

“The group has, in recent years, been actively exploring and (…) capturing available opportunities overseas as one of the means to effectively add new growth drivers to its existing and sustainably growing ports business,” China Merchants Port said.

China Merchants Port has over the years invested into the port of Djibouti, which lies at the mouth of Red Sea, making the port an ideal transhipment hub for maritime cargoes passing in and out of East Africa.

“The investment and development of the Djibouti International Free Trade Zone will lagrely promote economic development of Djibouti and is a replication of the China Merchants group’s ‘Port-Zone-City’ development model which has demonstrated huge success in Shekou,” China Merchants Port stated.
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Old January 17th, 2017, 11:08 AM   #3
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Master Plan of the DIFTZ and the port complexes (including the future port extensions)


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Old June 12th, 2017, 11:06 PM   #4
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On Monday January 16 Djibouti began construction of a large free trade zone in the country. Located 23km from historic central Djibouti City the USD 3.5 billion trade center will cover 4,800 hectares, according to the Djibouti government.

President Ismail Omar Guelleh and the vice president of China Merchant Group were present to witness the inauguration ceremony.

Djibouti has been aggressively expanding its logistics hubs recently.

China’s state firm, Dalian Port Corporation Limited, is building the free trade zone which will feature manufacturing, transport, electronic trade and regional distribution businesses, conference facilities and international exhibitions, residential housing, hotels and tourist centers as well as a park for the petroleum industry. It will be located at a place called PK 23.

The Djibouti Ports and Free Zone Authority will operate it in under a joint venture with China Merchants Holdings.

It is a huge project that will be carried out by a Chinese conglomerate, the China Merchant Group. President of Djibouti said he expects the first factories at the site to begin production by October of this year and expects around 15,000 jobs to be created by the trade zone.

The agreement to build the free trade zone was signed in March 2016 as part of China’s bid to expand trade routes, a series of infrastructure initiatives stretching across 60 countries that the Chinese have dubbed “One Belt, One Road”.

The future free zone should lead to the industrialization of the country and the regional anchoring of its economy.

Djibouti is a major import export trade hub for neighbouring Ethiopia, the country with the largest population that does not have a seaport.

Djibouti hopes to expand trade with other countries in Africa in addition to Ethiopia. It will create a unified customs system with China, establish a transit trade centre and set up a currency clearing system in the new facility.

Chinese companies are also expanding Djibouti’s Doraleh Multipurpose Port, estimated to cost USD 590 million which is scheduled to begin operating this year. They are also building two new airports at a combined cost of USD 599 million.

The government of Djibouti is spending USD 12 billion on infrastructure, while its GDP is only USD 2 billion.

A week ago the country inaugurated a railway line connecting it with Ethiopia.

The Chinese CCECC, which undertook the railway project, has also begun building the tallest mixed use building in Djibouti, at 23 stories high
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Old June 12th, 2017, 11:08 PM   #5
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Construction on the China-funded Djibouti Free Trade Zone started on Monday, reported Global Times. The Zone covers an area of 48 square kilometers.

The project will be operated by a joint venture invested by Chinese enterprises including China Merchants Holdings, Dalian Port Corporation Limited as well as the Djibouti Ports and Free Zone Authority. The initial investment for the project is around 340 million US dollars.

The first phase of the Zone is expected to open by the end of this year.

A Reuters report cited Aboubaker Omar Hadi, chairman of the Djibouti Ports and Free Zone Authority, saying "the new free zone will be the country's first employment reservoir, with more than 15,000 direct and indirect jobs created."

In recent years, Djibouti has seen steady annual growth of six to eight percent in volume of freight, according to the Global Times. Now it is the busiest port in the Red Sea Region.

After it's put in operation, the Djibouti FTZ will become a crucial junction linking other African countries involved in China's "Belt and Road" initiative, and make the small northeast African country a marine logistics hub linking Africa, Asia and Europe.

China and Djibouti have upgraded bilateral cooperation in many fields. Construction on China's first overseas logistics supply facilities started in the African country at the beginning of 2016. The Chinese-built Addis Ababa–Djibouti Railway, currently under construction, will reduce travel time between the two cities from two-or-three days down to only 10 hours. Djibouti is also home to China's first overseas commercial bank-- Silk Road International Bank.
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Old November 9th, 2017, 10:16 AM   #6
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Quote:
Hong Kong-based China Merchant Port Holding (CMPH) has granted USD150 million in loans to the Djibouti asset management company Khor Ambado Free Zone Company (FZCO) for investment in Djibouti's free trade zone (FTZ).

According to a CMPH statement, Khor Ambado FZCO will use the capital to support ongoing infrastructure development in the FTZ.

Khor Ambado FZCO is 30%-owned by Lac Assal Investment Holding, 60%-owned by Great Horn Investment Holding, which is a subsidiary of Djibouti Ports & Free Zones Authority, and 10%-owned by the Port of Dalian.

CMPH began its investment in Djibouti in 2012 when it acquired a 23.5% interest in Port of Djibouti.

“Djibouti’s geographical advantages, which lies at the mouth of Red Sea, makes Djibouti an ideal transhipment hub for maritime cargoes passing in and out of east Africa,” Li Xiaopeng, the president of China Merchant Group said in a statement.

Li also emphasised that the Djibouti FTZ will allow CMPH to duplicate its 'Shekou business model' in east Africa. Shekou, which is also known as “Port-Park-City” or “Shekou 1.0”, was created in China during the 1980s as a purpose built port-city development. CMPH replicated this model successfully in Shenzhen, Guangdong, after President Xi announced a plan to develop a FTZ there.

In line with the Djibouti Vision 2035, which was launched by President Ismaïl Omar Guelleh in 2013 as a long-term strategic plan for the republic's development, Djibouti should secure billions of dollars foreign investment for infrastructure over the next five years.

Proposed projects include the construction of a series of ports and FTZs, a Chinese-built rail network, as well as an LNG terminal project known as the Ethiopia-Djibouti project, which will export gas from Ethiopia’s Ogaden region primarily to China via Djibouti.
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Old November 9th, 2017, 10:44 AM   #7
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Quote:
China Merchants Port Holdings (CMPH) has entered into agreements to establish two joint ventures for the proposed investment in the Djibouti International Free Trade Zone.
CMPH, China Merchants Investment Development (CMID) and Cheer Signal Investment will set up a joint venture named Lac Assal Investment Holding, in which the three parties will hold 40%, 40% and 20% interest respectively. Total investment in the jv is $30m.

In addition, CMPH will set up an operation and management joint venture named East Aden Holding with CMID, Cheer Signal, Dalian Port Group and IZP Network Technologies. The parties will hold a 26.7%, 26.7%, 13.3%, 25% and 8.3% interest in the joint venture respectively.

CMPH acquired a 23.5% interest in Port De Djibouti in 2012. In November 2016, the company reached an agreement with a number of partners to jointly develop Djibouti International Free Trade Zone.

CMPH said Port De Djibouti lies strategically at the Red Sea, making it an ideal transshipment for maritime cargoes passing in and out of East Africa, offering long term growth potential.
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Old November 17th, 2017, 12:33 PM   #8
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Groundbreaking Ceremony back in January 2017






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Construction Progress












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Old November 17th, 2017, 12:42 PM   #9
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The Bonded Logistics Center within the Free Trade Zone was also launched on 22 Sep 2017





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Old November 19th, 2017, 08:06 AM   #10
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Thanks LaoTze for the updates
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Old November 19th, 2017, 08:31 AM   #11
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double post
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Old December 15th, 2017, 10:15 AM   #12
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office tower


2/F of the office tower


hotel


warehouse









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Old January 13th, 2018, 06:27 AM   #13
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Old January 15th, 2018, 01:41 PM   #14
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Old January 20th, 2018, 05:17 PM   #15
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Old February 4th, 2018, 09:33 AM   #16
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Modular Construction Used in the Construction of the Free Trade Zone Hotel












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Old February 4th, 2018, 04:57 PM   #17
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Thanks LaoTze for the great updates!
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Old February 11th, 2018, 07:00 AM   #18
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Courtesy of LaoTze

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Model of the Free Trade Zone on display



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Old March 5th, 2018, 09:19 AM   #19
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Pics I took from the plane as I was landing in Djib last week

It is taking shape:





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Old March 6th, 2018, 11:00 AM   #20
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Warehouse of the Free Trade Zone





















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