Djibouti-Real-Estate

Djibouti inaugurates the most modern port in Africa

The inaugural ceremony of the “Doraleh Multipurpose Port” of May 24, 2018 was placed under the high patronage of the President of the Republic, Mr. Ismail Omar Guelleh. The event opens up new perspectives for national development. Indeed, the commissioning of this new multipurpose port is generating job creation, the proliferation of related activities, and other factors of social development.

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The President of the Republic, Mr. Ismail Omar Guelleh, officially started the activities of the “Doraleh Multipurpose Port” (DMP). The inaugural ceremony of the DMP took place in the presence of the President of Somalia, Mr. Mohamed Abdillahi Formajo, on official working visit to Djibouti, the first lady of the country and President of UNFD, Ms. Kadra Mahamoud Haid, members of the government, parliamentarians, and a number of other personalities, both civilian and military.

In addition, the President of the Republic was convinced that the commissioning of this new multipurpose port is generating job creation, the proliferation of related activities, and other factors of social development.

Transforming Maritime Trade in the Horn of Africa.

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Moreover, since the new port infrastructure of 690 hectares is equipped with ultramodern facilities that can accommodate 100,000 TPL vessels. The outcome of this project opens up new perspectives for the national development process. At a cost of US $ 590 million, this major project was launched in 2015 and jointly financed by the Djibouti Free Ports and Free Zones Authority (DPFZA) and China Merchant Holding (CMHC). The latest port equipment has been manufactured by the Chinese firm ZPMC. Ships have already started using the facility.

An emerging multimodal center.

djibouti real estateDMP is the latest in a series of megaprojects in Djibouti. There are four new ports, a liquefied natural gas plant, an oil terminal and two new airports. Together, they will significantly expand Djibouti’s capacity to serve as a platform and commercial hub for the region. These projects are in addition to the Addis Ababa-Djibouti railway line, a 752 km route linking the Ethiopian capital to the port of Djibouti.
Djibouti is located at the center of global trade routes, connecting Asia, Africa and Europe. The port is a gateway to one of the fastest growing regions in the world with 30,000 ships passing through the port each year. Products from Asia represent 59% of the total, 21% from Europe and 16% from Africa.

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At the opening ceremony, Aboubaker Omar Hadi, President of DPFZA, said: “With this new world-class infrastructure, Djibouti is confirming its position as a major trading center for the continent. We are proud to show the world our ability to build and operationalize major infrastructure projects – some of the most technologically advanced on the continent. “

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