Djibouti is seeking investors into its tourism facilities
LOCATED in the Horn of Africa, the small Republic of Djibouti covers a mere 23,200 square kilometres yet has a host of opportunities to offer investors to the region as it calls for interest in projects worth nearly $600 million.
The government has two goals for developing the $220 million Al Haj Hassan Gouled Aptidon International Airport. It will support regional tourism growth while creating a multimodal synergy between air and sea transport. The project will construct a cargo terminal capable of handling 100,000 tons of air freight annually and 1.5 million passenger capacity. Construction is due for completion in mid-2027.
Phase one of the Port of Djibouti Exhibition and Conference Centre will entail constructing an exhibition centre, conference rooms, a hotel and apartments on the 220,500 square metre site. The initiative forms part of the $513 million Port of Djibouti regeneration project expected to take five years to complete.
Projects worth nearly $940 million are also under construction. These include the $165 million Great Horn Investment Holdings initiative into wind-powered technology, expanding the data centre company wingu.africa’s into the country and the upcoming development of the $23 million Radisson Hotel by Salaam Properties.
For more information on these projects, please contact us here.