A new US$590 million port is now open for business. The Doraleh Multipurpose Port (DMP) is a gateway to one of the fastest growing regions of the world with an estimated 30,000 ships transiting the port each year. Money was provided through joint financing from Djibouti Ports and Free Zones Authority (DPFZA) and China Merchant Holding (CMHC).
At the opening ceremony, Aboubaker Omar Hadi, chairman of DPFZA said: “With this new world-class infrastructure, Djibouti confirms its position as a major trading hub for the continent. We are proud to show the world our capacity to deliver major infrastructure projects – some of the most technologically advanced on this continent.”
China’s traditional role in Africa, often described as a mere resource extractor is also changing. Although Beijing’s presence on the continent is everywhere to be seen, and no African country is now without a least a few major projects involving Chinese companies, nowhere else is this footprint so concentrated – and in so many critical industries – as it is in Djibouti. While not one of the richest countries in Africa, Djibouiti is small and strategically located.
The port provides a world-class logistics platform for shipping and the new facilities will vastly improve the efficiency and ease of doing business in the Horn of Africa. The project cements Djibouti’s position as a critical junction on the “Maritime Silk Road“.
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