DPFZA Chairman Receives U.S.–Djibouti Business Trade Mission Roundtable

Chairman received the U.S.–Djibouti Business Trade Mission Roundtable at the Djibouti International Exhibition Center, Red Sea World.

The discussions focused on developing cooperation in several key areas: Investment opportunities in renewable energy were discussed, including solar, geothermal, wind and tidal energy. Great Horn Investment Holding has developed the 60 MW Red Sea Power (RSP) wind farm, a green energy project implemented through foreign direct investment (FDI), with the participation of the Africa Finance Corporation (AFC) at 51%, Climate Fund Managers (CFM), and the Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO).

Chairman explained that Djibouti Ports and Free Zones infrastructures are “power hungry” and fully prepared to diversify in order to attract more investors.

Another area of collaboration is the export of Salt. Djibouti, known in the past as the “white gold” country, holds significant reserves that could be exported, particularly for use during harsh winter conditions in the United States.

The African Growth and Opportunity Act (AGOA), is an important soft power instrument of the United States that offers eligible African countries such as Djibouti to access the U.S. market.

The Sea–Air Cargo initiative was also presented as a major logistical asset. Already connecting 28 cities across 25 African countries, it offers an attractive and efficient solution for U.S. companies. There are 7 U.S companies within our Djibouti Free Zones out of 1014 International Companies.