Largely
unknown outside of East Africa, Djibouti is a small country that strategically
borders the Gulf of Aden and the Red Sea. With a tiny population of approximately
700,000 people, Djibouti has recently seen a flurry of investment from
Middle Eastern and European companies that have invested in a variety
of sectors ranging from mining, shipping, power generation and banking.
Djibouti’s largest asset is the Port of Djibouti, which is one
of East Africa’s largest container shipping ports and is considered
a gateway to the region. For example landlocked Ethiopia depends on Djibouti’s
port for all of its imports and exports. The government of Djibouti is
currently looking to develop a number of sectors of the economy with
some of the most generous investment incentive packages available in
Africa. Some of the key sectors in, which we see value include:
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Tourism
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Renewable energy
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Shipping logistics
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Area
23,000 sq km
Population:
506,221
Natural resources:
geothermal areas, gold, clay, granite, limestone, marble, salt, diatomite,
gypsum, pumice, petroleum
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