Djibouti | Economy and Infrastructure News - Page 16 - SkyscraperCity
 

forums map | news magazine | posting guidelines

Go Back   SkyscraperCity > Continental Forums > Africa > East Africa > Somalia > Djibouti / Jabuuti

Djibouti / Jabuuti Projects, photos & discussion about Djibouti


Global Announcement

As a general reminder, please respect others and respect copyrights. Go here to familiarize yourself with our posting policy.


Reply

 
Thread Tools
Old October 14th, 2014, 11:12 AM   #301
Ras Siyan
Jamhuuriyada Jabuuti
 
Ras Siyan's Avatar
 
Join Date: Jan 2009
Location: Djibouti
Posts: 5,983
Likes (Received): 1826

Quote:
African Economic Outlook

Djibouti

Economic growth in 2013 continued the acceleration begun in 2012, driven by a huge investment programme and port activity.

Budgetary discipline and debt management were major challenges in the absence of a new IMF programme to tackle them.

The government needs to broaden growth to reduce the poverty that has greatly worsened over the past decade.


Continuing the acceleration begun in 2012, the rate of growth rose from 4.5% to 5.5%. Its two traditional pillars remained foreign direct investment (FDI) and port activity. FDI was a record USD 277 million, topping the figures between 2006 and 2008 during construction of the Doraleh container port, and accounted for 18.6% of gross domestic product (GDP). This trend should continue over the next few years, boosted by a vast ongoing investment programme, especially for infrastructure.

The programme is a big turning point for Djibouti, whose leaders want to make the country a regional hub for trade, handling and financial services. Major investment is planned to strengthen the country’s comparative advantage in goods trading. The government has been trying in recent years to reduce the structural obstacles to adequate electricity and water supply that handicap growth of the private sector, and raised funding in 2013 for several projects which aim to improve supplies.

The USD 6 billion programme includes building new ports, railways and roads, an aqueduct, a desalination plant and housing, and is funded mainly by Chinese investors and the international aid community.

The programme’s success depends on close monitoring of the government’s budget and the national debt. The country’s budget deficits in recent years have been around 2% of GDP despite projections of a balanced budget or even a surplus. Djibouti has a high risk of over-indebtedness and the infrastructure projects will increase the government’s recurrent spending as well as debt, through agreed guarantees.

High unemployment and endemic poverty have heightened social tensions since 2011. The victory of the ruling coalition in parliamentary elections in April 2013 was vigorously challenged by the opposition parties, who won their first-ever seats but boycotted parliamentary sessions in protest against the election results.

The economy’s major focus on maritime goods transport puts Djibouti low down in the global value chain (GVC). Investment in new port facilities will strengthen this sector by taking advantage of specialised activity such as exporting salt, potash and livestock and trade in oil and liquefied gas. Lower factors of production costs will enable short-term expansion to other GVC sectors.
source
__________________

KAMITY37 liked this post
Ras Siyan no está en línea   Reply With Quote
Sponsored Links
Advertisement
 
Old October 14th, 2014, 12:11 PM   #302
Ras Siyan
Jamhuuriyada Jabuuti
 
Ras Siyan's Avatar
 
Join Date: Jan 2009
Location: Djibouti
Posts: 5,983
Likes (Received): 1826

Quote:
Originally Posted by ModernNomad01 View Post
Too much loans by Djibouti, what's its current debt?
The total debt as of 2012 was: $ 780 millions (69.3% of GDP). Of which $ 633 million was external debt and $ 117 millions internal debt (50.3% and 9% of GDP respectively). However, these figures do not take into account the enormous debt contracted last year for 2 main infrastructures projects: the Addis-Djibouti railway & the aqueduct for water imports from Ethiopia.

The debt was already close to the sustainability limit before these loans for the above-mentioned projects was contracted. The government is yet to release details (degree of conditionality etc...) but the debt has probably more than doubled. The government has been careful historically regarding debt management, I hope they know what they're doing, otherwise we're ****ed
__________________

ModernNomad01, KAMITY37 liked this post

Last edited by Ras Siyan; October 14th, 2014 at 12:19 PM.
Ras Siyan no está en línea   Reply With Quote
Old October 29th, 2014, 07:05 AM   #303
Ras Siyan
Jamhuuriyada Jabuuti
 
Ras Siyan's Avatar
 
Join Date: Jan 2009
Location: Djibouti
Posts: 5,983
Likes (Received): 1826

Quote:
Assemblée nationale : La commission des affaires étrangères valide les ratifications de trois protocoles de financements

28 OCTOBRE 2014

Au terme de leurs échanges d’hier avec les deux membres concernés du gouvernement, les députés de la commission des affaires étrangères ont donné leur quitus afin les ratifications respectives de trois protocoles de financements soient soumis à l’appréciation de leurs collègues lors de la prochaine séance plénière de l’Assemblée nationale.

La commission parlementaire des affaires étrangères s’est réunie hier dans la salle des commissions de l’édifice flambant neuf de l’Assemblée nationale. Présidée par la députée Aïcha Dabar Guelleh, la séance de travail a vu la participation de deux membres du gouvernement. Citons en l’occurrence le ministre de l’Economie et des Finances, chargé de l’Industrie, Ilyas moussa Dawaleh, et la secrétaire d’Etat à la Solidarité Nationale, Zahra Youssouf Kayad.

Les parlementaires et les représentants de l’Exécutif ont discuté des points à l’ordre du jour. Ce faisant, ils ont examiné un premier projet de loi sur la ratification d’un accord de garantie, relatif au financement des petites et moyennes entreprises ou industries (PME/PMI) pour un montant de 20 millions de dollars américains.

L’octroi de l’enveloppe rentre dans le cadre d’un vaste programme de financement de 120 millions de dollars US ciblant particulièrement les jeunes diplômés qui sont désireux de se lancer dans l’entreprenariat.

Le programme en question porte sur la réalisation de 1600 projets de PME/PMI dont 400 projets concernent les jeunes diplômés. Il vise la création de plus de 14 000 emplois, permettant ainsi de ramener le taux de chômage de 50% à 30% mais également d’augmenter la capacité de l’industrie du transport routier en assurant le financement d’une flotte de 500 camions destinés aux promoteurs djiboutiens de sociétés de transports.


Le second projet de loi concernait la ratification d’un accord bilatéral signé entre la République de Djibouti et la République Fédérale Démocratique d’Ethiopie. Il s’articule autour de l’approvisionnement en eau potable à partir de la nappe souterraine des eaux du Shinilé.

Les dispositions de l’accord permettent à la République de Djibouti de construire une usine de pompage d’eau et des aqueducs destinés à l’adduction de l’eau pour la consommation des régions d’Ali Sabieh, de Dikhil, d’Arta, de Weah et de la ville de Djibouti.

En outre, l’accord entre les deux gouvernements stipule le droit exclusif de la République de Djibouti de pomper 103 000 mètres cubes d’eau par jour. Le ministre Ilyas Moussa Dawaleh a longuement expliqué aux élus de la commission parlementaire des affaires étrangères que ce projet est une traduction matérielle de la coopération historique très étroite entre les deux pays.

D’autant plus que sa mise en œuvre intervient dans un contexte d’évolution et de renforcement de l’intégration économique et régionale. « A travers cet accord, les autorités éthiopiennes manifestent très clairement leur volonté d’assister la République de Djibouti dans sa politique de lutte contre les pénuries d’eau et témoigne également de l’amitié, des liens très forts et de la complémentarité des intérêts qui unissent nos deux pays », a déclaré en substance M. Ilyas Moussa Dawaleh.

Enfin, le dernier texte, examiné par la commission parlementaire des affaires étrangères, stipule la ratification d’un accord de financement du projet réduction de la pauvreté urbaine de Djibouti ville au quartier 7 qui porte sur 5, 6 millions USD.

Cet accord de prêt vient en complément d’un don octroyé par le même bailleur de fonds en 2008 et 2010 d’un montant global presque similaire. Ce nouveau projet a pour but de démocratiser l’accès des 25.000 habitants du Quartier 7 aux services urbains de base.

A cet effet il est prévu des espaces marchands, un appui à la formation professionnelle mais également la construction d’espaces de jeux pour les jeunes du quartier. Comme l’a si bien rappelé la secrétaire d’Etat à la Solidarité Nationale, l’objectif est d’adoucir les conditions de vie des riverains de Quartier 7.

Mme Zahra Youssouf Kayad a, en outre, défendu devant les élus nationaux la pertinence d’un programme d’envergure pour améliorer l’habitat et l’environnement urbain dans tous les quartiers populaires de la capitale.

Le PREPUD selon le jargon des professionnels est, a-t-elle dit, un projet pilote que le gouvernement souhaite étendre à l’ensemble de la capitale. Au terme de leurs échanges d’hier avec les deux membres du gouvernement, les députés de la commission des affaires étrangères, ont donné leur quitus afin les trois textes soient soumis à l’appréciation de leurs collègues lors de la prochaine séance plénière de l’Assemblée nationale.
source
Ras Siyan no está en línea   Reply With Quote
Sponsored Links
Advertisement
 
Old November 4th, 2014, 05:55 PM   #304
ModernNomad01
Registered User
 
ModernNomad01's Avatar
 
Join Date: Jul 2012
Location: New York
Posts: 967
Likes (Received): 605

Djibouti presents ample opportunities for Turkish businessmen

Quote:
The Djibouti ambassador to Turkey, Aden Hossein Abdillahi, has said the trade volume with Turkey is only $550 million but that this can be doubled within a couple of years if Turkish businessmen are ready to make the most of the opportunities that Djibouti offers as a gateway to the entire African market.

In an exclusive interview with Today's Zaman, Abdillahi, said his country aims to be the Dubai of the region: a trade center, a gateway for the whole African market.

Djibouti is a Muslim East African country, with French and Arabic its official languages.

Turkish Economy Minister Nihat Zeybekçi is expected to visit Djibouti this week with a delegation of Turkish businessmen.

Ambassador Abdillahi said Djibouti expects Turkish businessmen to bring their products to the free zones in Djibouti, to build warehouses and to sell their products without paying any tax.

Abdillahi became his country's first ambassador to Turkey, after Djibouti opened its embassy in Ankara in 2012. Turkey followed suit in 2013 with an embassy in Djibouti.

Speaking about Zeybekçi's visit, Abdillahi said the delegation will be going to Djibouti and Addis Ababa as well. “As Djibouti and Ethiopia, we are in the same region and we are using the same facilities, and we are looking for economic integration in the next few years. In that sense, for Zeybekçi, I think it's a good idea to link the two visits to Addis Ababa and Djibouti,” said Abdilahi.

When asked about his expectations for Zeybekçi's visit, Abdillahi said: “We have a really clear idea about what we would like to do and what we are expecting from the business community in Turkey. We have invested a lot in port facilities, in our railways, highways to link Djibouti to the region. And we are the entry point of the region. In fact, we have 1,200 trucks leaving the ports of Djibouti to Ethiopia on a daily basis.”

He said the Ethiopian government is building an electrified railway between the two countries and that by the year 2015 the railroad will be operational. “Things are going very fast. We hope this new infrastructure will boost the economies of the region,” he added.

Stressing that Djibouti is building two ports and two free zones at this time, Abdillahi said his country is constructing an LNG terminal as well.

“In Ethiopia, there are various foreign companies working in the mining sector, and especially in the oil and gas sector. A Chinese company is building a gas pipeline from Ethiopia to Djibouti. Of course, we need help from outside to prepare all these facilities, especially building the LNG terminal in Djibouti,” he said.

Ambassador Abdillahi explained: “Our ambition is to be like Dubai: a center. We are working very closely with Ethiopia, one of the most populated countries in Africa with 85 to 90 million people -- and the growth rate is very high. Many Turkish companies have moved to Addis Ababa or thereabouts -- mainly textile companies: five or six of them. And electric cable companies as well. Of course, they are using the ports of Djibouti and the facilities we have in Djibouti. What we expect from the business community that is going to Djibouti soon with the minister of economy is to use all the facilities in the free zones. And in the free zones there is going to be a big opportunity. You can target the whole region. We are making sure that all those facilities we are building, and the railway, will be ready by 2015. ”

When asked which business sectors Djibouti would like to attract, Abdillahi replied that they would like to have some small business.

“I know that Turkey can do a lot. The opportunity is really huge. For example, we are importing as a region from Turkey a total of $550 million per year, and it's really nothing. When we consider the huge potential right now in the region, $550 million is nothing. I do believe that within two years it's possible to double this amount. It's important to reach out to the business community in Turkey and see what we can do together to enhance this trade volume together,” said the ambassador.

Abdillahi pointed out that the economy in Djibouti is very liberal, that the currency is linked to the US dollar and that they don't have any currency fluctuation. He added that the banking system is up to international standards.

“In the free zone, you are exempt from any kind of taxation. We now have one free zone, and it's completely full. At the moment we are building two other free zones,” he said.

Abdillahi said the energy sector is a very important area for cooperation between the countries “We are looking for investors in the energy sector,” he said. For other potential investment opportunities for the Turkish businessmen, Abdillahi cited the airline, construction and private health sectors.

“Turkish companies can invest in the free zones. Let's say, invest in and build a warehouse. And then bring anything, furniture, steel, any kind of material, really anything they can sell in the free zones without paying any tax," he said.

Abdillahi said Turkish companies need to act very quickly because other players see the opportunities in the region, warning that “tomorrow it will be too late” to invest in the region with many other countries in competition.

He pointed out that Turkish Airlines (THY) has four flights to Djibouti per week from Turkey.

“We have very good bilateral relations. We opened the embassy almost three years ago. Turkey opened an embassy in Djibouti in February of 2013. And since then we have been trying to work very hard to improve relations between the countries. We have memorandum of understandings on energy, education, military, water and irrigation. Turkey is an emerging country. In the African continent, maybe the new trend is to get closer to the emerging countries,” Abdillahi said.

Highlighting that many embassies from the African continent have opened in Turkey in recent years, Abdillahi said when he came to Ankara, there were only 12 African embassies but today this number has reached 30 in just three years. “This shows the new relationship between Turkey and Africa,” he said.
Link
ModernNomad01 no está en línea   Reply With Quote
Old November 4th, 2014, 05:58 PM   #305
ModernNomad01
Registered User
 
ModernNomad01's Avatar
 
Join Date: Jul 2012
Location: New York
Posts: 967
Likes (Received): 605

Islamic finance looks to growth opportunities in Africa

Quote:
The 3rd Annual Islamic Banking Summit Africa (IBSA Djibouti 2014), which opened today at the Djibouti Palace Kempinski, saw more than 200 leaders in the international Islamic banking and finance industry engage in detailed discussions that focused on ‘capturing the Africa opportunity in Islamic finance’.

The two day event, held under the official support of the Central Bank of Djibouti, began with an inaugural address by H.E. Ahmed Osman, Governor of the Central Bank of Djibouti.

A special Presidential Address was delivered by H.E. Ismail Omar Guelleh, President of the Republic of Djibouti, on Islamic Finance as a Strategic Priority to Boost Economic Development in Africa.

HE Ahmed Osman, Governor of the Central Bank of Djibouti highlighted that, "Africa offers exciting growth prospects and, according to projections, seven out of the 10 fastest growing economies in the world will be in Africa.

Growth drivers on the continent are becoming increasingly diverse, with the resource-based, the infrastructure construction and services sectors taking the lead. Islamic finance has tremendous potential to play a more significant role in supporting the funding gaps in Africa while enhancing financial inclusion rates in the region.

According to reports, the Islamic banking segment in Africa is set for major growth driven by Africa's large and under-served Muslim population and increasing awareness of Shari'ah-compliant products. In addition, Islamic finance provides government institutions with an alternative financing mechanism to support capital expenditure needs. Islamic finance’s close connections to the real economy will also set the stage for significantly stronger growth of the industry in Africa.

"Through a number of key initiatives, the Central Bank of Djibouti has established Islamic finance as a key constituent of the economic system in Djibouti. The Central Bank of Djibouti is delighted to host the 3rd Annual Islamic Banking Summit: Africa (IBSA Djibouti 2014). Since its launch, the conference has gone on to establish itself as the key international forum that supports the growth of Islamic finance in Africa. IBSA Djibouti 2014 provides a high-profile platform to specifically focus on the opportunities that are forging the Islamic banking, finance, and investment landscape in Africa.”

The inaugural address was immediately followed by a keynote session on the International Initiatives to Promote Islamic Finance in Africa, which featured Abdelilah Belatik, Secretary General, General Council for Islamic Banks and Financial Institutions (CIBAFI); and Farid Masmoudi, Director of the Business Development and Partnerships Department of the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group.

IBSA 2014 hosted a power debate featuring Fadi Salim Al Faqih, Chief Executive Officer, Bank of Khartoum; Nur A Mohamed, General Manager, Salaam African Bank; Muhammad Kashif, Chief Operating Officer, Dahabshil Bank International; and Cassim Docrat, Director of DDCAP (DIFC) Limited.
Link
__________________

Ras Siyan liked this post
ModernNomad01 no está en línea   Reply With Quote
Old November 20th, 2014, 09:52 AM   #306
Ras Siyan
Jamhuuriyada Jabuuti
 
Ras Siyan's Avatar
 
Join Date: Jan 2009
Location: Djibouti
Posts: 5,983
Likes (Received): 1826

Quote:
Djibouti va construire 5.000 logements sociaux

Le gouvernement djiboutien a annoncé mardi la construction prochaine de 5.000 logements sociaux, dans le cadre d'un vaste programme intégré visant à apporter des réponses appropriées et durables pour l'amélioration des conditions de vie urbaine et d'accès à un logement décent pour tous.

Dans un communiqué publié à l'issue du conseil des ministres mardi, le gouvernement annonce aussi l'élaboration d'un nouveau Schéma Directeur d'Urbanisme (SDAU) relatif à la maîtrise du développement urbain et de l'Habitat qui vise à planifier à court, moyen et long terme le développement de la capitale et des régions de l'intérieur en particulier l'aménagement des zones d'habitat.

Pour les autorités djiboutiennes, il s'agit surtout de mettre en place des mécanismes de production de logement qui permettront de bénéficier à toutes les catégories sociales de la population à travers de programmes de constructions de logements sociaux, l' aménagement de parcelles assainies, la révision de la politique foncière par l'instauration des procédures simplifiées comme la cession amiable, la recherche de la réduction du coût de construction via la promotion de matériaux produits localement, l' autoconstruction et l'aide à reconstruction de logements incendies à travers l'octroi des crédits matériaux.

"Ces différentes opérations envisagées seront réalisées, en plus du concours de l'Etat, par le financement des institutions financières internationales, des promoteurs privés et des banques de la place. Ces mesures permettront l'amélioration des conditions de vie et du bien être des populations et la maîtrise du développement des villes", note le document.
source

Quote:
Djibouti will build 5,000 social housing

The Djibouti government announced Tuesday the upcoming construction of 5,000 social housing as part of a large integrated program to provide appropriate and sustainable solutions to improve urban living conditions and access to decent housing for all.

In a statement issued after the cabinet Tuesday, the government also announced the development of a new Master of Planning Director (SDAU) for the control of urban development and housing plan which aims to short, medium and long term development of the capital and parts of the interior in particular the development of residential areas.

To the Djibouti authorities, it is mainly to set up mechanisms for the production of housing that will benefit all social groups of the population through programs of social housing construction, layout of reclaimed plots, revision of land policy by introducing simplified as amicable sale, research the reduction of construction costs through the promotion of locally produced materials, the self-help and assistance with housing reconstruction fire through the procedures granting credits materials.

"These various proposed transactions will be carried out in addition to the assistance of the State, through funding from international financial institutions, private developers and local banks. These measures will improve the living conditions and welfare populations and control of urban development, "says the document.
I'm skeptical about this, previous promises to build thousands of social housing units were not kept.
Ras Siyan no está en línea   Reply With Quote
Old December 11th, 2014, 07:41 AM   #307
Ras Siyan
Jamhuuriyada Jabuuti
 
Ras Siyan's Avatar
 
Join Date: Jan 2009
Location: Djibouti
Posts: 5,983
Likes (Received): 1826

Quote:
Djibouti : vers la création d'une zone économique spéciale pour les entreprises turques

Le forum djibouto-turc des affaires qui a clôturé ses travaux mercredi dans la capitale djiboutienne a débouché sur la signature d'un accord sur la création d'une zone franche pour les entreprises turques à Djibouti baptisée "Small Turkey".

Déjà liés par un accord de promotion et de protection des investissements signés en septembre 2013, Djibouti et la Turquie sont désormais des partenaires privilégiés qui auront à défendre des intérêts économiques et commerciaux communs.

Ce partenariat économique et commercial, qualifié de "gagnant- gagnant" par les deux pays, permettra surtout à Djibouti de s' affirmer un peu plus dans son rôle de hub régional et de plaque tournante dans les échanges commerciaux dans cette partie de l'Afrique.

Le raccourci qu'offre Djibouti est une aubaine économique majeure pour les exportations des grandes industries turques.

Pour le ministre djiboutien de l'Economie et des Finances, Ilyas Moussa Dawaleh, l'accord qu'il vient de signer avec son homologue turc représente une étape supplémentaire dans l' édification d'un partenariat économique et commercial stratégique entre Djibouti et Ankara.

Le ministre a aussi plaidé pour l'établissement d'une ligne maritime directe entre Djibouti et Ankara et la mise en place d'un conseil économique djibouto-turque qui devraient favoriser, selon lui, le développement des échanges commerciaux et techniques entre les entreprises des deux pays et l'afflux massif des capitaux turcs à Djibouti.
source


Quote:
Djibouti: towards the creation of a special economic zone for Turkish companies

The Djibouti-Turkish business forum which concluded its work on Wednesday in the capital of Djibouti led to the signing of an agreement on the establishment of a free zone for Turkish companies in Djibouti called "Small Turkey".

Already bound by an agreement to promote and protect investments signed in September 2013, Djibouti and Turkey are now privileged partners who will have to defend common economic and commercial interests.

The economic and trade partnership, called "win-win" for both countries, will assert a little more Djibouti's role as a regional hub and hub for trade in this part of Africa.

The shortcut offered by Djibouti is a major economic boon to major Turkish export industries.

For the Djiboutian Minister of Economy and Finance Ilyas Moussa Dawaleh, the agreement he has signed with his Turkish counterpart represents a further step in building a strategic economic and trade partnership between Djibouti and Ankara.

The Minister also called for the establishment of a direct shipping line between Djibouti and Ankara and the establishment of a Djibouti-Turkish economic council should support, he said, the development of trade and technology between companies in the two countries and the massive influx of Turkish capital in Djibouti.
__________________

DenHaagSomali, ModernNomad01 liked this post
Ras Siyan no está en línea   Reply With Quote
Old December 13th, 2014, 07:33 AM   #308
ModernNomad01
Registered User
 
ModernNomad01's Avatar
 
Join Date: Jul 2012
Location: New York
Posts: 967
Likes (Received): 605

Quote:
Originally Posted by Ras Siyan View Post
ModernNomad01 no está en línea   Reply With Quote
Old December 13th, 2014, 04:42 PM   #309
Ras Siyan
Jamhuuriyada Jabuuti
 
Ras Siyan's Avatar
 
Join Date: Jan 2009
Location: Djibouti
Posts: 5,983
Likes (Received): 1826

Quote:
Djibouti a validé cette semaine sa première stratégie nationale de développement de l'aquaculture marine et de la pêche.

L'élaboration de cette stratégie, qui a bénéficié de l' expertise et du soutien financier de l'Organisation des Nations Unies pour l'alimentation et l'agriculture (FAO), a pour objectif d'orienter les interventions de l'Etat et des partenaires au développement dans le secteur de la pêche et de l'aquaculture au cours des prochaines années.  Pour le ministère djiboutien de la Pêche, il s'agit surtout de compléter les initiatives du gouvernement pour le développement de l'agriculture et la sécurité alimentaire avec son plan national d'investissement agricole en phase de finalisation.

Selon la représentante résidente du FAO à Djibouti, Mme Emmanuelle Guerne Bleich, la mise en oeuvre de cette stratégie va permettre de renforcer la sécurité alimentaire dans le pays, et d'améliorer les revenus des familles et favoriser la création d' emplois en conformité avec les objectifs de développement durable assignés à la pêche artisanale et l'aquaculture.

"L'essor de la pêche et de l'aquaculture constitue une alternative au regard de la problématique de l'insécurité alimentaire dû notamment à la sécheresse récurrente qui sévit à Djibouti", a-t-elle dit.

Depuis quelques années, le gouvernement djiboutien a décidé d' insuffler une nouvelle dynamique dans ce secteur peu développé. En 2012, le gouvernement djiboutien a construit la première ferme d'élevage de crevettes avec le concours de la FAO. Des crédits et des nouvelles embarcations de pêches plus modernes ont été distribués aux pêcheurs sous forme de partenariats public-privé.

Selon des études indépendantes, les ressources halieutiques de Djibouti, estimées très importantes, demeurent largement sous- exploitées. Le manque d'une véritable politique de la pêche et des capacités institutionnelles insuffisantes en seraient les causes principales.

Avec ses côtes longues de 372 km, le potentiel exploitable de Djibouti dans le secteur de la pêche est estimé 47.000 tonnes par an, dont 15.000 tonnes de poissons démersaux (mérous, dorades, etc. .) et 28 tonnes de poissons pélagiques (thons, thazards, sardines, sardinelles,.. etc.). Les quantités de poissons à haute valeur ajoutée, susceptibles d'être exportées, sont estimées à environ 9. 300 tonnes par an.

Par ailleurs, selon une récente étude de la Banque Mondiale, le secteur de la pêche de Djibouti pourrait créer 2.500 à 5.000 nouveaux emplois directs à l'horizon 2020, et devenir un important pourvoyeur d'emplois s'il était protégé et bien géré.

A en croire les chiffres disponibles, à Djibouti, la filière de la pêche emploie actuellement environ 2.600 personnes dont 600 marins, soit 2% de la population active occupée dans le pays, et représente de 0,1% du PIB.

Djibouti a validé cette semaine sa première stratégie nationale de développement de l' aquaculture marine et de la pêche.
L'élaboration de cette stratégie, qui a bénéficié de l' expertise et du soutien financier de l'Organisation des Nations Unies pour l'alimentation et l'agriculture (FAO), a pour objectif d'orienter les interventions de l'Etat et des partenaires au développement dans le secteur de la pêche et de l'aquaculture au cours des prochaines années.  Pour le ministère djiboutien de la Pêche, il s'agit surtout de compléter les initiatives du gouvernement pour le développement de l'agriculture et la sécurité alimentaire avec son plan national d'investissement agricole en phase de finalisation.

Selon la représentante résidente du FAO à Djibouti, Mme Emmanuelle Guerne Bleich, la mise en oeuvre de cette stratégie va permettre de renforcer la sécurité alimentaire dans le pays, et d'améliorer les revenus des familles et favoriser la création d' emplois en conformité avec les objectifs de développement durable assignés à la pêche artisanale et l'aquaculture.

"L'essor de la pêche et de l'aquaculture constitue une alternative au regard de la problématique de l'insécurité alimentaire dû notamment à la sécheresse récurrente qui sévit à Djibouti", a-t-elle dit.

Depuis quelques années, le gouvernement djiboutien a décidé d' insuffler une nouvelle dynamique dans ce secteur peu développé. En 2012, le gouvernement djiboutien a construit la première ferme d'élevage de crevettes avec le concours de la FAO. Des crédits et des nouvelles embarcations de pêches plus modernes ont été distribués aux pêcheurs sous forme de partenariats public-privé.

Selon des études indépendantes, les ressources halieutiques de Djibouti, estimées très importantes, demeurent largement sous- exploitées. Le manque d'une véritable politique de la pêche et des capacités institutionnelles insuffisantes en seraient les causes principales.

Avec ses côtes longues de 372 km, le potentiel exploitable de Djibouti dans le secteur de la pêche est estimé 47.000 tonnes par an, dont 15.000 tonnes de poissons démersaux (mérous, dorades, etc. .) et 28 tonnes de poissons pélagiques (thons, thazards, sardines, sardinelles,.. etc.). Les quantités de poissons à haute valeur ajoutée, susceptibles d'être exportées, sont estimées à environ 9. 300 tonnes par an.

Par ailleurs, selon une récente étude de la Banque Mondiale, le secteur de la pêche de Djibouti pourrait créer 2.500 à 5.000 nouveaux emplois directs à l'horizon 2020, et devenir un important pourvoyeur d'emplois s'il était protégé et bien géré.

A en croire les chiffres disponibles, à Djibouti, la filière de la pêche emploie actuellement environ 2.600 personnes dont 600 marins, soit 2% de la population active occupée dans le pays, et représente de 0,1% du PIB.
source


Quote:
Djibouti has validated this week its first national strategy for development of marine aquaculture and fisheries.

The development of this strategy, which has benefited from the expertise and financial support of the United Nations Food and Agriculture Organization (FAO), aims to guide government interventions and development partners in the fisheries and aquaculture sector in the coming years. For the Djiboutian Ministry of Fisheries, it is mainly to supplement the government's initiatives for the development of agriculture and food security with its National Agricultural Investment Plan finalized.

According to the FAO Resident Representative in Djibouti, Emmanuelle Guerne Bleich, the implementation of this strategy will strengthen food security in the country, and improve family incomes and promote the creation of jobs in line with sustainable development objectives for artisanal fishing and aquaculture.

"The development of fisheries and aquaculture is an alternative in relation to the problem of food insecurity due in particular to the recurrent drought in Djibouti," she has said.

In recent years, the Djibouti government has decided to breathe new life in this undeveloped area. In 2012, the Djibouti government built the first shrimp breeding farm with FAO's assistance. Credit and new boats of more modern fisheries were distributed to fishermen in the form of public-private partnerships.

According to independent studies, the fishery resources of Djibouti, estimated very important, remain largely underutilized. The lack of a genuine fisheries policy and insufficient institutional capacity are the main causes.

With its long coastline of 372 km, the exploitable potential of Djibouti in the fisheries sector is estimated 47,000 tonnes per year, of which 15,000 tons of demersal fish (grouper, sea bream, etc.) And 28 tonnes of pelagic fish (tuna, Spanish mackerel, sardines, sardines, etc. ..). The quantities of high-value fish, that can be exported, are estimated at about 9 300 tonnes per year.

Moreover, a recent study by the World Bank, the fishing industry of Djibouti could create 2500-5000 new direct jobs in 2020, and become an important source of employment if it was protected and well managed.

To believe the figures available, Djibouti, line fishing employs approximately 2,600 people, including 600 sailors, representing 2% of the working population in the country, and represents 0.1% of GDP.

Djibouti has validated this week its first national strategy for development of marine aquaculture and fisheries.

The development of this strategy, which has benefited from the expertise and financial support of the United Nations Food and Agriculture Organization (FAO), aims to guide government interventions and development partners in the fisheries and aquaculture sector in the coming years. For the Djiboutian Ministry of Fisheries, it is mainly to supplement the government's initiatives for the development of agriculture and food security with its National Agricultural Investment Plan finalized.

According to the FAO Resident Representative in Djibouti, Emmanuelle Guerne Bleich, the implementation of this strategy will strengthen food security in the country, and improve family incomes and promote the creation of jobs in line with sustainable development objectives for artisanal fishing and aquaculture.

"The development of fisheries and aquaculture is an alternative in relation to the problem of food insecurity due in particular to the recurrent drought in Djibouti," she has said.

In recent years, the Djibouti government has decided to breathe new life in this undeveloped area. In 2012, the Djibouti government built the first shrimp breeding farm with FAO's assistance. Credit and new boats of more modern fisheries were distributed to fishermen in the form of public-private partnerships.

According to independent studies, the fishery resources of Djibouti, estimated very important, remain largely underutilized. The lack of a genuine fisheries policy and insufficient institutional capacity are the main causes.

With its long coastline of 372 km, the exploitable potential of Djibouti in the fisheries sector is estimated 47,000 tonnes per year, of which 15,000 tons of demersal fish (grouper, sea bream, etc.) And 28 tonnes of pelagic fish (tuna, Spanish mackerel, sardines, sardines, etc. ..). The quantities of high-value fish, that can be exported, are estimated at about 9 300 tonnes per year.

Moreover, a recent study by the World Bank, the fishing industry of Djibouti could create 2500-5000 new direct jobs in 2020, and become an important source of employment if it was protected and well managed.

To believe the figures available, Djibouti, line fishing employs approximately 2,600 people, including 600 sailors, representing 2% of the working population in the country, and represents 0.1% of GDP.
__________________

DenHaagSomali liked this post
Ras Siyan no está en línea   Reply With Quote
Old December 17th, 2014, 10:35 AM   #310
Ras Siyan
Jamhuuriyada Jabuuti
 
Ras Siyan's Avatar
 
Join Date: Jan 2009
Location: Djibouti
Posts: 5,983
Likes (Received): 1826

Quote:
Djibouti : adoption d'un budget de plus de 713 millions USD pour l'an prochain


Le gouvernement djiboutien a approuvé mardi un projet de budget de plus de 127 milliards de francs djibouti (environ 713,1 millions USD) pour l'année prochaine.
Selon un communiqué officiel, le projet de budget prévoit une hausse des recettes intérieures, notamment les recettes fiscales et les recettes non fiscales.
Les dépenses sont aussi prévues à la hausse par rapport à la Loi de finances rectificative 2014.

En matière d'investissement, ce budget prévoit des dépenses de plus de 34 milliards de francs djibouti, qui se traduisent par la mise en oeuvre des grands projets générateurs de développement économique et de création d'emplois tels que les projets d' infrastructures portuaires, le projet de la nouvelle ligne du chemin de fer Djibouti/Addis-Abeba, le projet d'exploitation géothermique, le projet d'adduction d'eau et le projet des câbles sous-marins de fibre optique qui offrira aux particuliers et aux entreprises de la capacité et un accès plus rapide au très haut débit.

Le projet de budget de l'exercice 2015 s'inscrit dans la dynamique du renforcement des orientations politiques et stratégiques du gouvernement djiboutien définis à travers la vision "Djibouti 2035", la Stratégie de Croissance Accélérée et Promotion de l'Emploi (SCAPE) et le Programme d'Investissement National (PIN)
source

Quote:
Djibouti: adoption of a budget of more than USD 713 million for next year


The Djibouti government on Tuesday approved a proposed budget of more than 127 billion Djibouti francs (about USD 713.1 million) for next year.
According to an official press release, the proposed budget provides for an increase in domestic revenue, including revenue and non-tax revenues.
The expenditure is also planned to increase from the amended Finance Act 2014.

In terms of investment, this budget provides for spending over 34 billion francs Djibouti, which result in the implementation of large generating projects for economic development and job creation projects such as port infrastructure, the project of the new line of the railway Djibouti / Addis Ababa on geothermal development project, the water supply project and the cable fiber optic submarine that will provide individuals and businesses capacity and faster access to high speed.

The draft budget for the year 2015 is in the dynamics of strengthening policies and strategic directions of Djibouti government defined through the vision "Djibouti in 2035," the Accelerated Growth Strategy and Employment Promotion (SCAPE) and National Investment Program (NIP)
Ras Siyan no está en línea   Reply With Quote
Old December 21st, 2014, 02:57 PM   #311
Ras Siyan
Jamhuuriyada Jabuuti
 
Ras Siyan's Avatar
 
Join Date: Jan 2009
Location: Djibouti
Posts: 5,983
Likes (Received): 1826

Quote:
Djibouti set to host IGAD business forum

In an attempt of facilitating business integration in the region, Djibouti chamber of Commerce is set to host the first Inter-governmental Authority on Development (IGAD) business forum in the mid February 2015.

“We will host IGAD business forum from February 14-16, 2015. It focuses on business integration among the seven IGAD member countries. The private sector in the region must be the motor in regional integration,” said Youssouf Moussa Dawaleh, President of Chamber of Commerce of Djibouti.

Import-export trade, real-estate and industrial development are the areas the private sectors of the region will be focusing on, according to Mr. Dawaleh, who spoke to journalists from Ethiopia visiting Djibouti last week.

The forum is expected to prepare a regional business integration plan and document that will be summited to IGAD member states policy makers for consideration in their economic integration plan.

“Ethiopia is our best neighbor and we want to keep very strong link between Ethiopian and Djibouti chambers,” he said indicating that during the meeting the two countries chambers’ are expected to sign agreement to link their business.

The two countries are also planning to prepare a mutual tourism promotion program for tourists to visit the historical, cultural and recreational places in the two countries with special tour package, according to Mr. Mohamed Abdillahi Waiss, Director General of National Tourism Office of Djibouti.

With a total population of some 900,000, Djibouti’s economy is dependent on the service sector which contributes to 80% of its total $1.5 billion GDP. Since the 1998 Ethiopia-Eritrea War, Djibouti has become major import-export route of Ethiopia, which becomes landlocked nation after Eritrea claims its independence in 1993.

When the new railway under construction between Ethiopia and Djibouti will be completed next year the current 48 hours transportation of goods from the port to Addis Ababa is expected to decline to nine hours.

The other railway route under construction to link Northern Ethiopia with the new port that Djibouti is constructing in Tajourah area is also expected to facilitate Ethiopia’s plan of exporting some 4 million tons of potash annually via Mekele Town.

In addition, this route, which will also have road network between the two countries, will also reduce the currently 25 days of transportation of goods from Port of Sudan and Mombasa Port to South Sudan down to 15 days via Ethiopia, according to Mr Abubaker Mohamed Hadi, Chairman of the Djibouti Ports and Free Trade Zones Authority.

To supplement the service sector with light industries such as packaging, the government of Djibouti eyes financing from Turkish government who planned to build industrial zone for Turkish investors in Djibouti like they did in Ethiopia.
source
__________________

ModernNomad01 liked this post
Ras Siyan no está en línea   Reply With Quote
Old January 5th, 2015, 03:59 PM   #312
Ras Siyan
Jamhuuriyada Jabuuti
 
Ras Siyan's Avatar
 
Join Date: Jan 2009
Location: Djibouti
Posts: 5,983
Likes (Received): 1826

Quote:
Djibouti se rêve en plateforme africaine de la finance islamique


(Agence Ecofin) - Selon les chiffres de la Banque centrale de Djibouti, les quatre banques islamiques qui se sont installées ces huit dernières années dans le pays, ont déjà conquis 20 % de parts du marché local, rapporte l’agence Xinhua. Grâce à un cadre juridique spécialement conçu pour faciliter le développement de la finance islamique, ces banques pourraient faire de Djibouti une place financière sous-régionale.

Ainsi, le pays qui, en 2006, ne comptait que deux banques françaises, dispose, 8 ans plus tard, de 10 établissements dont 4 de culture islamique. « Non seulement les banques islamiques présentes sur notre place nous ont permis de sortir d'une situation de duopole étouffante imposée, mais elles ont permis également une diversification de l'offre et par conséquent un meilleur accès au financement », avait déclaré le chef de l'Etat, Ismail Omar Guelleh, lors du 3ème sommet africain de la finance islamique, en novembre dernier.

Dans cette dynamique, en octobre dernier, le décret d'application d’une loi sur l'assurance islamique a été adopté : « L'assurance islamique devrait contribuer également au développement et à la diffusion de la finance islamique et des produits islamiques d'épargne en particulier. (…) notre population étant musulmane, il y a une réceptivité naturelle pour ces produits pourvu qu'ils répondent aux besoins de la population » déclarait alors Mariam Hamadou, directrice de l'Economie au ministère djiboutien de l'Economie et des Finances.
source


Quote:
Djibouti dreams to become an African platform of Islamic finance


(Ecofin Agency) - According to figures from the Central Bank of Djibouti, the four Islamic banks that settled the last eight years in the country, have already won 20% of the local market share, reported Xinhua. With a legal framework designed to facilitate the development of Islamic finance, the banks could make Djibouti a sub-regional financial center.

Thus, the country that in 2006 there were only two French banks, has 8 years later, 10 establishments 4 of Islamic culture. "Not only Islamic banks present on our site allowed out of a stifling duopoly imposed on us, but they have also helped diversify supply and therefore better access to financing", said the head of the state, Ismail Omar Guelleh, during the 3rd African summit of Islamic finance, last November.

In this dynamic, last October, the implementing decree of Islamic insurance law was adopted: "The Islamic insurance should also contribute to the development and dissemination of Islamic finance and Islamic products of savings in particular. (...) Our population is Muslim, there is a natural receptivity for these products, provided they meet the needs of the population ", said Mariam Hamadou, Director of Economics at the Djiboutian Ministry of Economy and Finance.
Ras Siyan no está en línea   Reply With Quote
Old January 5th, 2015, 04:30 PM   #313
Ras Siyan
Jamhuuriyada Jabuuti
 
Ras Siyan's Avatar
 
Join Date: Jan 2009
Location: Djibouti
Posts: 5,983
Likes (Received): 1826

Quote:
Djibouti : l'existence du premier gisement d'or sera démontrée en 2015

L'existence du premier gisement d'or économiquement fiable sera démontrée en 2015, affirme le directeur des Ressources Naturelles du ministère djiboutien de l'Energie, Abdourahman Haga, dans un récent entretien accordé à Xinhua.

Des forages seront effectués dans la localité d'Oklila, située dans la région de Dikhil, au sud de la capitale djiboutienne, par une société joint-venture dénommée Thani-Stratex.

"Si ces forages miniers en 2015 démontrent l'existence d'un gisement d'or économiquement viable, alors nous aurons notre première mine d'or dans les deux à trois années qui suivent", a-t- il indiqué.

M. Haga, le seul géologue ayant participé à tous les projets d' études, de recherches et d'explorations des ressources naturelles de Djibouti, explique que son pays "est doté par la nature d'une géologie qui compte parmi les plus originales au monde et qui a toujours suscité l'intérêt des scientifiques".
"Aujourd'hui, la volonté politique et l'expertise nationale et internationale sont là pour développer enfin une industrie minière qui s'affirmera sans aucun doute comme le nouveau poumon de l' économie djiboutienne", fait-il observer.

Les premières activités en recherche minière ont été effectuées à Djibouti dans les années 1990 par les experts du service géologique américain (USGS).

"Les résultats de ces analyses des échantillons collectés ont confirmé par la suite l'existence de processus hydrothermales capable de concentrer des métaux précieux, c'est-à-dire de l'or et de l'argent, ainsi que des métaux de base, à savoir le plomb, zinc, cuivre", dit-il.

A l'entendre, ces résultats encourageants sur les premiers échantillonnages de roches est l'élément principal ayant déclenché le déclic nécessaire pour amener les autorités djiboutiennes à réfléchir sur la mise en place d'un véritable programme de renforcement des activités des recherches minières.
Cependant, cet engouement a été refroidi par le conflit armé de 1990-1994 qui avait bloqué tous les projets de recherches et à l' ensemble des processus de développements du pays.

L'exploration minière par des sociétés privées internationales a repris timidement en 2004 avec la société australienne GREEN RIVER, suivie quatre ans plus tard, par la société indienne JB MINING, qui a réalisé une exploration détaillée dans la zone de Hess Daba, située dans le district de Dikhil, au sud de Djibouti.

Pour l'ingénieur Haga, c'est à partir de 2010 qu'une nouvelle dynamique a été insufflée réellement au programme national de recherches minières qui sera doté alors d'une planification détaillée et priorisée.

"Cette nouvelle stratégie soutenue par une volonté politique affichée jusqu'au plus haut sommet de l'Etat djiboutien permettra au milieu de l'année 2010 à la société anglaise Stratex International d'entamer une série d'explorations de surface sur plusieurs prospects repartis sur le territoire djiboutien", précise le géologue djiboutien
source


Quote:
Djibouti: the existence of the first gold deposit will be demonstrated in 2015

The existence of the first economically viable gold deposit will be demonstrated in 2015, states the Natural Resources Director of Djibouti's Energy Ministry, Abdurahman Haga, in a recent interview with Xinhua.

Drilling will be conducted in the locality of Oklila, located in Dikhil region, south of the Djiboutian capital, a joint venture company called Stratex-Thani.
"If these mining drilling in 2015 demonstrate the existence of an economically viable gold deposit, then we will have our first gold mine within two to three years after," he said.

Mr. Haga, the only geologist who participated in all projects of study, research and exploration of natural resources in Djibouti, said his country "is endowed by nature with a geology that is among the most original in world and has always attracted the interest of scientists. "

"Today the political will and national and international expertise are there to finally develop a mining industry that will assert definitely like the new lung of Djibouti's economy," he noted.

The first mining exploration activities were conducted in Djibouti in the 1990s by the experts of the US Geological Survey (USGS).

"The results of these analyzes of the collected samples were subsequently confirmed the existence of hydrothermal processes capable of concentrating precious metals, that is to say, gold and silver, and base metals , namely lead, zinc, copper, "he said.

According to him, these encouraging results over the first rock samples is the main element that triggered the trigger needed to bring the Djibouti authorities to reflect on the creation of a real building program of mining research activities.

However, this enthusiasm was cooled by the armed conflict of 1990-1994 that had blocked all research projects and all of the country's development process.

Mineral exploration by international private companies resumed timidly in 2004 with the Australian company GREEN RIVER, followed four years later by the Indian company JB MINING, which conducted a detailed exploration in the area of Hess Daba, located in the Dikhil district, south of Djibouti.

For Haga engineer is from 2010 that a new dynamic has actually been instilled in the national mining research program will be provided with detailed planning and prioritized.

"This new strategy supported by a political will to the highest peak of the Djibouti government will in the middle of 2010 the English company Stratex International to launch a series of surface exploration prospects spread over several Djibouti territory, "the geologist Djibouti
__________________

djibcfe liked this post
Ras Siyan no está en línea   Reply With Quote
Old January 5th, 2015, 04:59 PM   #314
Ras Siyan
Jamhuuriyada Jabuuti
 
Ras Siyan's Avatar
 
Join Date: Jan 2009
Location: Djibouti
Posts: 5,983
Likes (Received): 1826

Quote:
Djibouti : la Chine renforce son statut de premier partenaire économique

DJIBOUTI, 19 décembre (Xinhua) -- En 2014, la Chine a renforcé son statut de premier partenaire commercial et économique de Djibouti qu'elle détient depuis quelques années.

En effet, la plupart des grands projets initiés au cours de cette année qui s'achèvent seront encore financés par des sociétés chinoises, qui sont, dit-on, une référence dans leurs secteurs respectifs. D'ailleurs, tous les grands projets financés par la Chine à Djibouti s'inscrivent dans une perspective régionale en adéquation avec la bonne santé économique de Djibouti et de l' Ethiopie.

LE PROJET LE PLUS IMPORTANT EN TERMES D'INVESTISSEMENT

Le géant chinois Poly-GCL Petroleum Investments Limeted va financer le projet le plus important actuellement en termes d' investissement à Djibouti, à savoir un gazoduc qui acheminera vers Djibouti le gaz de l'Ethiopie pour un coût global de plus de 4 milliards USD, dont 3 milliards seront investis sur le tronçon djiboutien.

L'accord de ce projet, signé en août dernier entre le groupe chinois et les autorités djiboutiennes, prévoit également la construction à Djibouti d'une usine de liquéfaction de gaz et d'une raffinerie ainsi que le stockage de produits bruts et raffinés et un centre de bunkering à Obock, située au nord de Djibouti.

Pour le ministre djiboutien de l'Energie chargé des Ressources Naturelles, Ali Yacoub Mahamoud, la Chine est aujourd'hui est modèle de partenariat économique réussi pour son pays et pour toute la région.

"Grâce au soutien économique, technique et diplomatique de la Chine, l'intégration économique entre Djibouti et l'Ethiopie va prendre une nouvelle dimension avec la construction de ce pipeline gazier reliant nos deux pays qui sera construit et financé par une grande société chinoise", confie-t-il à Xinhua.

Les travaux de ce projet très attendu par les Djiboutiens, et dont l'étude de préfaisabilité a été remise en septembre dernier aux autorités djiboutiennes, devraient commencer au cours de l' année 2015.

DEUX NOUVEAUX PORTS CONSTRUITS SUR FINANCEMENT CHINOIS

Un port à bétail et un port Multipurpose seront construits sur financement de la société chinoise China Merchant Group (CMG) à hauteur de 580 millions USD.

La CMG qui dispose actuellement 30% du capital du Port de Djibouti, le plus grand port en eaux profondes de l'Afrique avec plus de 25 millions de tonnes de capacités de transbordement, prévoit aussi la construction d'un chantier naval et de réparation de navires ainsi qu'une nouvelle ligne maritime.

"Le partenariat tissé avec la China Merchant Holding International permettra d'assurer une meilleure couverture de la demande croissante en trafic maritime mais sera également l' opportunité de doper le développement économique et social du pays en général", indique le ministre djiboutien de l'Economie et des Finances, Ilyas Moussa Dawaleh.

Pour le président de l'Autorité des Ports et des Zones Franches de Djibouti, Aboubaker Hadi, son pays compte devenir un hub régional maritime avec la Chine comme soutien et modèle.

"Nous sommes inspirés par la croissance rapide de la Chine, et nous voyons le modèle de développement chinois comme un exemple à succès que nous voulons suivre", dit-il.

LIGNE FERROVIAIRE DJIBOUTI-ETHIOPIE

La Bank chinoise Import Export va financer la construction d' une nouvelle ligne de chemin de fer longue de 740 km reliant Djibouti à la capitale éthiopienne Addis-Abeba pour une enveloppe de 600 millions USD.

Ce projet, dont les travaux ont déjà commencé depuis le début de cette année avec la société chinoise China Civil Engineering Construction Corporation (CCECC) qui a remporté l'appel d'offres, devrait être achevé en 2016.

"Cette ligne de chemin de fer va rapprocher davantage les deux peuples et consolider énormément le partenariat commercial et économique entre Djibouti et l'Ethiopie. Elle renforcera également le rôle de Djibouti comme port naturel de l'Ethiopie avec ses 80 millions de consommateurs", explique le ministre djiboutien des Transports, Moussa Ahmed.

Selon lui, la Chine a été encore un partenaire clé pour la concrétisation de ce projet de grande envergure.

Pour l'Etat éthiopien, la réalisation d'une nouvelle ligne de chemin de fer est vitale car, depuis 1998, le rail constitue avec le seul couloir de désenclavement du pays.

DES PROJETS TOURISTIQUES

La société chinoise Touchroad International Holdings Group a présenté aux autorités djiboutiennes des grands projets qu'elle compte mettre en oeuvre à Djibouti sur le court et moyen terme.

Il s'agit notamment d'un complexe touristique aux îles Ras Syan, Moucha et Sept frères, situées à quinzaine de kilomètres au large de Djibouti, ainsi que l'édification d'un centre commercial, d'un aéroport, des hôtels et d'un chantier naval dans la région d'Obock, située au nord de la capitale djiboutienne.

La société Touchroad, déjà présent dans une vingtaine de pays sur le continent africain, prévoit également la construction de deux centres médicaux, un espace de loisir, une marina pour les bateaux des plaisanciers et une université.

"La Chine a choisi de pénétrer en force le marché florissant de l'Afrique et de la Corne. C'est un choix judicieux qui fait de la République Populaire de Chine, un partenaire équitable et dynamique qui s'implique pleinement dans les ambitions d'expansion et de développement de Djibouti et de la région", déclare le chef de l'Etat djiboutien Ismail Omar Guelleh, lors d'une rencontre avec la presse
source

Quote:
Djibouti: China strengthens its position as the largest economic partner

DJIBOUTI, Dec. 19 (Xinhua) - In 2014, China has strengthened its position as the leading trade and economic partner of Djibouti that it holds for some years.

Indeed, most of the major projects initiated during this year which end will still be funded by Chinese companies, which are said to be a reference in their respective sectors. Moreover, all major projects financed by China in Djibouti are part of a regional perspective in line with the economic health of Djibouti and Ethiopia.

THE LARGEST INVESTMENT PROJECT

The Chinese giant GCL-Poly Petroleum Investments limeted will fund the largest project currently in terms of investment in Djibouti, namely a gas pipeline that will transport Ethiopian gas to Djibouti for a total cost of more than $ 4 billion, of which 3 billion will be invested in the Djibouti section.

The agreement of this project, signed last August between the Chinese group and the Djibouti authorities, also includes the construction in Djibouti of a gas liquefaction plant and a refinery and storage of crude and refined products and bunkering center in Obock, north of Djibouti.

For the Djiboutian Minister of Energy in charge of Natural Resources, Ali Yacoub Mahamoud, China is now economic partnership successful model for his country and for the entire region.

"With the economic, technical and diplomatic support from China, economic integration between Djibouti and Ethiopia will take on a new dimension with the construction of the gas pipeline connecting the two countries which will be built and funded by a major Chinese company" , he says Xinhua.

The work of this highly anticipated project, including pre-feasibility study was presented in September to the Djiboutian authorities, should begin in the year 2015.

TWO NEW PORT BUILT ON CHINESE FINANCING

A livestock port and a Multipurpose port will be built on the financing of the Chinese company China Merchant Group (CMG) of USD 580 million.

CMG which currently has a 30% stake in the Port of Djibouti, the largest deepwater port in Africa with over 25 million tonnes of transshipment capacities also includes the construction of a shipyard and repair ships and a new shipping line.

"The partnership forged with the China Merchant Holdings International will provide better coverage of the growing demand for maritime traffic but will also provide an opportunity to enhance the economic and social development of the country in general," the Djibouti Minister of Economy and Finance Ilyas Moussa Dawaleh.

For the president of the Authority of Djibouti Ports and Free Zones, Abubaker Hadi, the country has become a regional maritime hub with China as support and model.

"We are inspired by the rapid growth of China, and we see the Chinese development model as a successful example we want to follow," he said.

DJIBOUTI-ETHIOPIA RAILWAY LINE

The China Import Export Bank will finance the construction of a new long railway line 740 km linking Djibouti to the Ethiopian capital Addis Ababa for a budget of USD 600 million.

The project, whose work has already started since the beginning of this year with the Chinese company China Civil Engineering Construction Corporation (CCECC), which won the tender should be completed in 2016.

"This railway line will further align the two peoples and consolidate the enormous trade and economic partnership between Djibouti and Ethiopia. It will also strengthen the role of Djibouti as a natural port of Ethiopia with its 80 million consumers" explains the Djiboutian Minister of Transport, Ahmed Moussa.

He said China was still a key partner for the realization of this major project.

For the Ethiopian state, the construction of a new railway line is vital because, since 1998, rail is the only corridor opening up the country.

TOURISM PROJECTS

Chinese society Touchroad International Holdings Group presented to Djiboutian authorities major projects it intends to implement in Djibouti in the short and medium term.

These include a resort on the Ras Syan, Moucha and Sept frères islands, located ten miles off Djibouti, as well as building a shopping mall, airport, hotels and a shipyard in the area of Obock, north of Djibouti's capital.

The Touchroad company already present in twenty countries in Africa, also plans to build two medical centers, a leisure space, a marina for boats and a university.

"China has decided to enter the growing market strength of Africa and the Horn. This is a wise choice that makes the People's Republic of China, equitable and dynamic partner who is fully involved in the ambitions of expansion and development of Djibouti and the region, "said the Head of State of Djibouti Ismail Omar Guelleh, during a meeting with the press
__________________

djibcfe liked this post
Ras Siyan no está en línea   Reply With Quote
Old February 14th, 2015, 06:26 AM   #315
Ras Siyan
Jamhuuriyada Jabuuti
 
Ras Siyan's Avatar
 
Join Date: Jan 2009
Location: Djibouti
Posts: 5,983
Likes (Received): 1826

Quote:
Djibouti to hold IGAD business forum

Feb 12,2015

DJIBOUTI, Feb. 12 (Xinhua) -- About 70 delegations are expected to arrive in Djibouti by Saturday to take part in the 2015 Inter- Governmental Authority for Development (IGAD) Business Forum.

The forum will bring together chambers of commerce and private operators from the member states of this regional organization.

The forum organized jointly by Djibouti Chamber of Commerce and the IGAD Executive Secretariat aims to facilitate trade and investments in the Eastern Africa region.

The 2015 edition will also have participants from other trade partners, especially those from Arabian, Asia and European countries.

The two-day forum will also be an opportunity for discussing investment opportunities in Djibouti and other IGAD countries.

IGAD was created in 1996 to supersede the Intergovernmental Authority on Drought and Development which was founded in 1986. It's currently comprised of Djibouti, Eritrea, Ethiopia, Kenya, Somalia, South Sudan, Sudan and Uganda.
source
Ras Siyan no está en línea   Reply With Quote
Old February 17th, 2015, 06:06 AM   #316
Ras Siyan
Jamhuuriyada Jabuuti
 
Ras Siyan's Avatar
 
Join Date: Jan 2009
Location: Djibouti
Posts: 5,983
Likes (Received): 1826

Quote:
Total en eaux troubles à Djibouti

Entre l'État djiboutien et le groupe français Total, rien ne va plus. À l'origine, un contentieux vieux de quinze ans lancé par une plainte pour pollution à grande échelle du port de Djibouti.

Rien ne va plus entre l'État djiboutien et le groupe Total, au point que le premier envisage sérieusement de faire jouer les accords liant les vingt pays membres du Comesa (Marché commun de l'Afrique orientale et australe) afin d'obtenir la saisie des actifs du second. Rien de moins.

Pollution

À l'origine, un contentieux vieux de quinze ans. C'est en effet en 2000 que le ministère de l'Environnement déposa contre les filiales locales de Total, Shell et Mobil une plainte pour pollution à grande échelle du port de Djibouti.

Après une longue bataille procédurale ponctuée de plusieurs expertises des dégâts causés par les fuites d'hydrocarbures, tant sur les conduites souterraines qu'au niveau des cuves de dépôt - lesquelles ont contaminé le sol en profondeur -, ainsi que d'une tentative inachevée de dépollution des sites, la Cour suprême de Djibouti a confirmé en septembre 2014 la condamnation de Total, qui a entre-temps repris les actifs locaux de Mobil, et celle d'Oil Libya, qui a racheté ceux de Shell, à verser solidairement 150 millions d'euros à l'État djiboutien.

Problème : à peine la sentence prononcée, Total Djibouti, Total Marketing Djibouti et Oil Libya Djibouti se sont déclarées en... cessation de paiement ! Une mesure qui a provoqué l'ire des autorités, au point que le directeur local de Total est allé se mettre à l'abri sur la base aérienne française d'Ambouli avant de quitter discrètement le pays fin novembre.

Depuis, la justice djiboutienne affirme avoir découvert les preuves d'une organisation d'insolvabilité de la part de Total Djibouti sous la forme de détournements d'actifs au profit de la maison mère entre 2011 et 2014. En attendant la réaction de Total face à ces dernières accusations (qui n'ont pas encore été officiellement formulées), c'est bien une affaire d'État qui se profile à l'horizon.
source


Quote:
Total in troubled waters in Djibouti

Between the Government of Djibouti and the French group Total, nothing goes. Originally an old litigation fifteen years old launched by a complaint of large-scale pollution from the port of Djibouti.

Nothing goes between the State of Djibouti and the Total Group, to the point that the first seriously considering playing the agreements between twenty member countries of COMESA (Common Market for Eastern and Southern Africa) to obtain the seizure of Total's assets. Nothing less.

Pollution

Originally is a fifteen years old litigation. It is indeed in 2000 that the Ministry of Environment filed against local subsidiaries of Total, Shell and Mobil complaints of widespread pollution of the port of Djibouti.

After a long procedural battle punctuated by several expert damage caused by oil leaks, both underground pipes at the level of deposit tanks - which have contaminated the soil depth - as well as an unfinished attempt site clean-up, the Supreme Court of Djibouti in September 2014 confirmed the conviction of Total, which has now taken over the local assets of Mobil, and that of Oil Libya, who bought those of Shell, jointly and severally pay 150 million euros to the Government of Djibouti.

Problem: barely pronounced sentence Djibouti Total, Total Marketing Djibouti Djibouti and Oil Libya declared themselves insolvent ...! A measure that has provoked the ire of the authorities, so that the local director Total went to shelter the French air base Ambouli before quietly leaving the country in late November.

Since then, the Djiboutian justice claims to have found evidence of an insolvency of organization on the part of Total Djibouti in the form of misappropriation of assets for the benefit of the parent company between 2011 and 2014. Meanwhile the reaction Total face recent accusations (which have not yet been officially made), it is an affair of state looming on the horizon.
Ras Siyan no está en línea   Reply With Quote
Old February 17th, 2015, 06:11 AM   #317
Ras Siyan
Jamhuuriyada Jabuuti
 
Ras Siyan's Avatar
 
Join Date: Jan 2009
Location: Djibouti
Posts: 5,983
Likes (Received): 1826

Quote:
Le Premier ministre djiboutien et le PDG du groupe chinois «TOUCHROAD» signent l’Accord définitif de lancement d’un important programme d’urbanisation d’une zone d’environ 425 ha à Djibouti

13/02/2015

Le Premier ministre, M. Abdoulkader Kamil Mohamed, et le PDG du groupe chinois «TOUCHROAD», M. M. Hi Lui, ont signé hier jeudi à à la primature, l’Accord définitif de lancement d’un important programme d’urbanisation d’une zone d’environ 425 ha à Djibouti.

Ce projet, dont le financement privé est assuré par le groupe chinois «TOUCHROAD», prévoit le développement, dans un environnement écologique, d’une zone d’affaires et de quartiers résidentiels, entre la mer et l’embouchure de l’oued Ambouli. Ce projet offrira, selon le Premier ministre, une nouvelle vision de Djibouti et contribuera à mettre en adéquation l’apparence de notre capitale avec son rôle économique régional.
Plusieurs zones sont prévues dans le cadre de ce projet.

Elles comporteront une activité portuaire, des quartiers résidentiels et des quartiers commerciaux et de loisirs.
Toutes les fonctions y seront intégrées pour permettre une vie harmonieuse des habitants : éducation, primaire, secondaire et supérieure, dispensaire et hôpital, administration locale, tourisme, commerces, hôtels espaces verts.

La signature intervenue hier jeudi constitue la suite logique du mémorandum signé conjointement par le Premier ministre djiboutien et le PDG de «TOUCHROAD» en décembre 2014. C’est à travers cet accord que les deux parties ont souhaité jeter les bases de leur partenariat pour les cinq prochaines années.

Le Premier ministre a présidé par la suite à l’hôtel Kempinski, une autre cérémonie consacrée cette fois à la signature du contrat de construction d’un grand centre commercial et de loisirs le long de la route de Venise, entre «TOUCHROAD» et l’entreprise djiboutiennne «Halt Group International» représentée par un jeune promoteur du nom de M. Saïd Del Waïss.
source: ADI

Quote:
The Prime Minister of Djibouti and the CEO of the Chinese group "Touchroad" sign the final agreement to launch a major program of urbanization of an area of about 425 ha in Djibouti

02/13/2015

Prime Minister Mohamed Kamil Abdoulkader, and the CEO of the Chinese group "Touchroad" Hi Mr. He, yesterday signed Thursday as prime minister, the final agreement to launch a major program of urbanization area of about 425 ha in Djibouti.

This project, private financing is provided by the Chinese group "Touchroad ', provides development, in an ecological environment, a business area and residential neighborhoods, between the sea and the mouth of the Wadi Ambouli . This project will, according to the Prime Minister, a new vision of Djibouti and help to match the appearance of our capital with its regional economic role.
Several areas are provided as part of this project.

They will include a port activity, residential neighborhoods and shopping and entertainment districts.
All functions will be integrated to allow for a harmonious life of the inhabitants: education, primary, secondary and higher education, clinic and hospital, local government, tourism, retail, hotels green spaces.

Thursday intervened yesterday signed a logical continuation of the joint memorandum signed by the Prime Minister of Djibouti and the CEO of "Touchroad" in December 2014. It is through this agreement that both parties wanted to lay the foundation for their partnership next five years.

The Prime Minister chaired by following the Kempinski Hotel, another ceremony dedicated this time to the signing of the contract to build a large shopping and entertainment center along the road to Venice, between "Touchroad" and company djiboutiennne "Halt Group International" represented by a young promoter named Saeed Del Waiss.
__________________

DenHaagSomali liked this post
Ras Siyan no está en línea   Reply With Quote
Old February 18th, 2015, 06:02 AM   #318
Ras Siyan
Jamhuuriyada Jabuuti
 
Ras Siyan's Avatar
 
Join Date: Jan 2009
Location: Djibouti
Posts: 5,983
Likes (Received): 1826

Quote:
Djibouti approuve la création d'une nouvelle zone franche

Le gouvernement djiboutien a approuvé mardi en conseil des ministres un projet de création d'une nouvelle Zone Franche dénommée "Djibouti Free Trade Zone".
Cette décision se veut être une réponse face à la saturation de la Zone Franche inaugurée en 2004 qui ne peut plus contenir l'accroissement des activités et l'arrivée des nombreux investisseurs, précise un communiqué officiel publié à l'issue de ce conseil des ministres.

"Dans cette optique et pour renforcer la compétitivité de notre pays, le gouvernement a opté pour la création d'une grande zone d'activité d'une superficie large de 43,5 kilomètres carrés en vue d'attirer les investissements et stimuler l'activité économique que ce soit dans le secteur secondaire ou tertiaire", peut-on lire.

L'objectif de ce projet qui est donc de positionner Djibouti comme un hub ou un pôle dynamique d'échanges internationaux, aura également un impact majeur sur l'économie nationale notamment dans le cadre de la lutte contre le chômage, à travers la création d'emplois, précise cette même source.

La mise en place de cette nouvelle Zone Franche permettra surtout de passer d'une zone portuaire d'entreposage à une zone franche industrielle d'éclatement pour les échanges internationaux.

La nouvelle Zone Franche abritera notamment le développement des industries exportatrices, une zone industrielle, un centre de distribution automobile et un centre pétrolier.
source


Quote:
Djibouti approves the creation of a new free zone

The Djibouti government on Tuesday approved by the Cabinet a project to create a new Free Zone called "Djibouti Free Trade Zone".
This decision is intended as a response to face the saturation of the Free Zone inaugurated in 2004, can no longer contain the increased activity and the arrival of many investors, said an official statement issued after the Cabinet .

"With this in mind and to strengthen the competitiveness of our country, the government opted for the creation of a large area of ​​activity of a large area of ​​43.5 square kilometers to attract investment and stimulate economic activity both in the secondary and tertiary sector, "it said.

The objective of this project is to position Djibouti as a hub or a dynamic center of international trade, will also have a major impact on the national economy particularly in the context of the fight against unemployment through the creation of jobs, says the same source.

The establishment of this new Free Zone will mainly go from one port area of ​​storage at an industrial free zone burst for international trade.

The new Free Zone including house the development of export industries, an industrial area, a car distribution center and oil center.

Last edited by Ras Siyan; February 24th, 2015 at 08:31 AM.
Ras Siyan no está en línea   Reply With Quote
Old February 24th, 2015, 08:31 AM   #319
Ras Siyan
Jamhuuriyada Jabuuti
 
Ras Siyan's Avatar
 
Join Date: Jan 2009
Location: Djibouti
Posts: 5,983
Likes (Received): 1826

Quote:
Djibouti to Headquarter IGAD's Business Arbitration Center

By Yohannes Anberbir
The General Assembly of the Intergovernmental Authority on Development (IGAD) Business Forum unanimously decided to establish an international arbitration center which is intended to settle business disputes in the IGAD region.

In its fifth general assembly held in Djibouti for two days last week, the Business Forum highlighted the importance of a private mechanisms in solving disputes created in the business circle rather than relying on state mechanisms such as the regular court system.

The assembly stated in its resolution that creation of an international arbitration center in the region may contribute to improving the business environment and make the international business operators and foreign investors feel more confident about doing business in the IGAD region.

Presidents and secretariats of chambers of commerce from Ethiopia, Djibouti, Kenya, Uganda, Sudan, South Sudan and Somalia have agreed Djibouti should host this arbitration center.

The World Bank and the European Union have confirmed in the meeting to financially support the creation of the arbitration center.

The president of Djiboutian Chamber of Commerce and Industries, Youssouf Moussa Dawaleh, told The Reporter that it is very interesting to see IGAD go beyond resolving political differences among member states and decided to smooth the business environment.

The assembly also called on IGAD heads of states to recognize the Business Forum as an important private arm of the regional block essential to accelerate the integration of policies, a step in the economic integration process, which the countries in the sub region are working towards.

Thus, they called upon the heads of state to accept the Business Forum as a statutory organ of the IGAD. To realize this, the general assembly created a committee of representatives from each chamber with a task of making the business forum gain recognition. The committee is expected make this happen before 2016.

Therefore, secretary generals of all chambers: from Ethiopia, Djibouti, Sudan, South Sudan, Somalia, Kenya, Uganda and the secretary general of IGAD are selected to be members of the committee. While the Pan African chamber of commerce is appointed to be an observer.

The committee will meet within one month for a working session and once every three months after that, according to the resolution passed at the general assembly.

The business forum was launched in 2010 with a role of facilitating regional integration and creation of a free trade area. The forum is an apex body of the national chambers of commerce and industries in the IGAD member states. The mission of the forum is to bring the voice of the private sector in to the regional integration agenda.
source
__________________

DenHaagSomali liked this post
Ras Siyan no está en línea   Reply With Quote
Old March 21st, 2015, 04:16 PM   #320
Ras Siyan
Jamhuuriyada Jabuuti
 
Ras Siyan's Avatar
 
Join Date: Jan 2009
Location: Djibouti
Posts: 5,983
Likes (Received): 1826

Quote:
The unfolding story of Djibouti

The tiny African state of Djibouti appears to be emulating several chapters of Dubai’s extraordinary growth story; the similarities between the two are remarkably striking.

Despite their minute presences on the global map, both territories have long-established reputations as trading hubs and gateways to trillion-dollar markets: Dubai to the Gulf and Djibouti to East Africa (including Ethiopia, which represents a potential 90m consumers).

Both share enviable strategic locations. Dubai is perfectly positioned to channel exports between Asia, Africa and Europe, while Djibouti is ideally centred to facilitate trade flows between Europe, Africa and the Middle East. Unsurprisingly, the logistics industry plays an important part in both economies, with free zones particularly key.

They also have each taken advantage of their status as peaceful havens within regions of conflict, helping to attract foreign investment and create booming tourism industries (Djibouti may be well behind Dubai but it is growing at a similarly rapid rate).

Only 23,200 sq km in size, Djibouti does not have the oil to give it the kick-start that Dubai had, but it has managed to secure billions in foreign direct investment from around the world, which the country’s finance and economy minister believes will help bolster its gross domestic product (GDP) growth, already impressive for a nation of less than 1m people.

“This year we will enjoy 6.5 percent growth in GDP,” Finance Minister Ilyas Dawaleh tells Arabian Business during a recent visit to Dubai.

“In 2014, we observed 5.7 percent [growth] in GDP. We’ve been observing that trend for the last decade - an average of 5 percent GDP growth. We believe in the coming three years, if not earlier, growth will pass double digits. This is our target with our diversification strategy we are undertaking now.”

One of the four countries that make up the Horn of Africa, the Republic of Djibouti was formerly the French Territory of the Afars and the Issas before it won independence in 1977. But civil war broke out in the early 1990s, ending in 1994 with a power-sharing deal between the warring factions. A splinter, radical faction continued to fight until 2000, when it too signed a peace deal.

While neighbouring countries Somalia, Eritrea, and Yemen, across the Gulf of Aden, have endured conflicts in the years since 2000, Djibouti became the main maritime and military hub in one of the world’s roughest neighbourhoods, helped by the presence of American and French high level strategic military bases within its borders.

Djibouti’s strategic importance to the region has been the main economic contributor for a country that is largely underdeveloped.

“It [the economy] was mainly based, until the last decade, in the service sector and port and logistics activities. Sixty-eight to 70 percent of GDP was generated from [those sectors],” Dawaleh says.

“Nowadays we are shifting towards a much more integrated development plan. We’re trying to diversify our economy.”

Dawaleh says there are three key sectors Djibouti is looking to develop – telecommunications, tourism and energy.

“Djibouti has the largest telecommunications infrastructure in Africa, much ahead of South Africa in terms of infrastructure. We enjoy six sea cables [passing] through Djibouti,” he says.

“The largest consortium in fibre optic sea cables are all landing into Djibouti and distributed to the African region. It’s from the international traffic management.”

There are plans to develop further connections, including installing the largest fibre optic capacity.

“One is SEA-ME-WE (South-East Asia - Middle East - Western Europe 3), a Western consortium, and then we have an Asia-Africa-Europe cable, which is owned largely by China Telecom,” Dawaleh explains.

In the area of energy, Dawaleh says Djibouti will adopt a completely green energy supply by 2020, via its $31m geothermal development.

“From the energy perspective, we have an interesting geothermal development, as Djibouti has the ambition to become the first green energy-based economy in 2020. We must achieve that ambition in order to run the economy and the country on a green energy basis,” he says.

“Already we have about 70 percent of green energy in Djibouti through interconnection with Ethiopia. The development of geothermal will help also, not only making Djibouti 100 percent green, but also helping us to reduce by 70 percent our energy costs.”

The underdeveloped nature of the country outside the capital of Djibouti City (where 65 percent of the population live) offers a rich and diverse landscape, something the country’s tourist officials are keen to exploit.

“Djibouti has a very interesting particularity,” Dawaleh says. “We have the same advantages as Sharm El Sheikh in Egypt in terms of scuba diving [and] we have the salt lake [Lac Assal], which is 156 metres below sea level. It has strong [tourist] attractions.

“Djibouti is one of two reproduction points for the whale shark in the world, which also attracts tourists. In eco-tourism development, there are different areas of perspective we will see in the coming years. Already there has been quite a bit of investment in infrastructure in order to attract tourist development,” he adds.

Foreign investment has also helped to boost the tourist industry, with companies from the UAE in particular identifying opportunities with significant developments.

“Nakheel has developed one of the largest resorts - a five-star hotel - in east Africa with Kempinski,” says Dawaleh.

“We have another investor from Abu Dhabi [Nael Group from Al Ain] who is now developing a larger resort, mall and marina. We have a very interesting investment programme from the UAE.

“We have a Saudi-Dubai company - ASAS Capital - also developing in the tourism sector [with] marina facilities on the waterfront.”


The UAE interest in investing in Djibouti projects has led FDI, paving the way for others to follow.

“The UAE, and especially Dubai, is the pioneer in terms of foreign direct investment and has done a lot in Djibouti.

We always value that pioneering role played by Dubai, and by UAE in general,” Dewaleh says.

“Of course we have some other private investors from the UAE and from the GCC [but we] still believe it represents our core objective in terms of attracting investment from the GCC. The UAE in particular represents a very important partner in terms of investment and development.

“Saudis [also] are very much active these days. Qatar is very much interested in the tourism development. We already have investors from Kuwait, but Saudis, Qatar and the UAE will be the largest investors in Djibouti from the GCC countries for the time being.”

Turkey also has been forthcoming with its investment, with an agreement announced to develop the Turkish Special Economic Zone in Djibouti.

“It’s a five-hectare development; activity has already started,” Dewaleh says. “Most of the industries from Turkey interested in Africa will have their base in Djibouti for assembling, processing and repositioning stocks for Africa. President Erdogan and the Turkish government have chosen Djibouti as their major point of entry to Africa, especially the eastern part of Africa.”

Dawaleh says with other free zones almost 100 percent full, it is time to develop a new area. “Last week we passed a decree in our cabinet for extensions [to the free zones]. We have special zones to be developed in different areas of Djibouti,” he says.

The Minister of Finance and Economy also has recently returned from a beneficial trip to India, where $15.5m in finance was secured for a cement plant in Djibouti. An extension of an existing programme, the new agreement will see the plant’s energy transferred from oil to coal.

Dawaleh also used his time in India to speak to potential investors. “This year will be mainly India-focused,” he says. “We had serious discussions about SME development, and how to use Indian technology. They have good technology, and affordable too,” he adds.

The week prior to his India trip, Dawaleh was in Washington for the first bi-national forum between the US and Djibouti, discussing various aspects of their relations and cooperation, and given the strong ties between the countries, he is confident it will lead to further investment.

“From a government perspective, there is a very strong commitment in supporting Djibouti and the transformation of Djibouti from an economic perspective, especially energy and geothermal development,” Dawaleh says. “We are now very confident in seeing American companies supported by the US government in geothermal development. It’s a major goal for our government.”

The forum followed a meeting last year between Djibouti’s President Ismaïl Omar Guelleh and President Barack Obama, when the US signed a 20-year lease to extend the presence of America’s largest military base in Eastern Africa, Camp Lemonnier, located next to the commercial Djibouti-Ambouli International Airport.

The presidential meeting last year also established the “Djibouti First” legislation that would give preference to Djiboutian products and services in Department of Defense procurements in support of US requirements in Djibouti. It will mean a significant boost for the local economy, says Dawaleh.

“There will be around $2bn plus investment in the camp. It means creating jobs and wealth in Djibouti economy. It means there will be some products and services which will be exclusively bought from Djibouti rather than importing from outside,” he says.

The camp will give some businesses a lucrative future, but Dawaleh says the wider investment plan for Djibouti will ensure that the economy as a whole will continue on its current upward trend.

“As of today, we have $1.8bn-plus investment. In the coming five years, our investment plan is estimated to be $8bn, mainly in key infrastructures. Most of it is invested by the government, but also by the private sector,” he says.

Like the UAE, and the greater GCC region, Djibouti also is developing its railway network, as well as ports and airports.

“As of today, the first line of railway - an electrical standard train - is almost completed. It will be completed by May and will start operation in October, from Djibouti to Addis Ababa in Ethiopia. Three ports [also] are under construction and a fourth one will start in the coming two or three months,” he says.

“Then we have another railway in the pipeline, which will most likely start in early 2016, dedicated to the north part of Djibouti, linking to the north of Ethiopia, especially [to serve] the mining of potash.
We [already] have a port that is dedicated to the export of potash [and] Ethiopia is known as [having] the second largest deposit of potash in the world. We are going to start [exporting it in] early 2017. That train will mainly focus on those mineral resources.”

Dubai’s DP World is working in collaboration with Djibouti to build one of the most advanced ports in the region, despite strains in the pair’s relationship after the Djibouti government filed corruption allegations against the port operator in the London Court of International Arbitration in July, last year. The proceedings, which relate to dealings with the former chairman of the Djibouti Ports and Free Zones Authority, Abdourahman Boreh, between 2003 and 2008, are ongoing.

“[DP World is] partnering with us and they are operating and managing the container terminal,” Dewaleh says, deflecting questions about the legal suit. “Djibouti Port was the first port managed overseas by DP World.”

Construction of two airports is expected to begin this year. At a combined cost of nearly $600m and catering to 2m passengers and 100,000 tonnes of cargo annually, they are expected to significantly boost Djibouti’s position as a regional travel, tourism and business hub.

Hassan Gouled Aptidon International Airport is being built in Ali Sabieh, 25km south of the capital. The smaller Ahmed Dini Ahmed International Airport is planned to be dedicated to tourism development.


The Ali Sabieh airport also will include a cargo village to link sea and air transport.

“Djibouti is the largest gateway to the eastern part of Africa. A cargo village now becomes a must to serve those land-locked countries in the east and central part of Africa, like South Sudan, and the eastern part of Congo, like Kinshasa, Uganda and Burundi,” Dawaleh says.

While Djibouti will not be seeing many skyscrapers or mammoth-sized malls in the near future, the investment that it has been attracting is certain to ensure it continues to follow Dubai’s model for success by growing key sectors.

Building on its strengths and opportunities, the geographically diminutive country is set to have an altogether different look in five years’ time, much like in Dubai, where if you blink you are bound to miss an historic moment.
source
Ras Siyan no está en línea   Reply With Quote
Sponsored Links
Advertisement
 


Reply

Tags
djibouti

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT +2. The time now is 01:54 AM.


Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2019, vBulletin Solutions Inc.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us