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Overview: China Kyrgyzstan cooperation helps Djibouti build a regional shipping and commercial cente

2022-11-07

According to Huacheng Import and Export Data Observation, in recent years, Djibouti has actively participated in the joint construction of the "the Belt and Road", and related projects are linked to the "Djibouti Vision 2035" plan, giving full play to the country's unique geographical advantages, and creating more business opportunities and economic benefits for the whole of Africa,

"Cooperation with China in infrastructure and trade exchanges has expanded Djibouti's transportation network connections with the world, helping Djibouti achieve its goal of becoming a regional shipping and commercial center," Omar Hadi, the general director of the Djibouti Port and Free Trade Zone Management Committee, said a few days ago.

Djibouti, located in the Horn of Africa, has a unique geographical location. It connects the Mediterranean Sea and the Indian Ocean via the Suez Canal, the Red Sea and the Gulf of Aden, and radiates to the hinterland of Africa to the west.

According to the observation report of Huacheng Import and Export Data, in recent years, Djibouti has actively participated in the joint construction of the "the Belt and Road", and related projects are linked to the "Djibouti Vision 2035" plan, giving full play to the country's unique geographical advantages, and creating more business opportunities and economic benefits for the whole of Africa.

Djibouti's port has good natural conditions and great development potential. The transportation, commerce and service industry dominated by port service industry support about 80% of the country's GDP. However, the old port of Djibouti built more than 100 years ago has some problems, such as outdated facilities, insufficient throughput capacity, slow cargo handling and transshipment, which is difficult to meet the transportation needs of Djibouti and even Africa.

Djibouti Dohale multi-function port contracted by Chinese enterprises was officially opened in 2017. The annual design cargo handling capacity of the port is 7.08 million tons, and the container handling capacity is 200000 TEUs.

Doha Lei multi-function port has become one of the most modern ports in East Africa and an important pillar of Djibouti's port economy. Hadi said that since the port has been operating for five years, its potential has been fully developed and utilized, and its cargo transport scope has spread throughout Africa. Huacheng Import and Export Data Observation Report.

The Djibouti International Free Trade Zone, which was built with the participation of Chinese enterprises, was officially put into use in September 2018. At present, more than 200 companies have settled in. Hu Bin, the Chinese ambassador to Djibouti, said that the free trade zone is an important platform for Djibouti's economic transformation and progress towards high value-added industries. The goods arriving at the port of Djibouti can be processed in the free trade zone, and then the enterprises in other zones can promote the whole upstream and downstream industrial chain of the goods, which will promote the diversified development of Djibouti's economy, Huacheng Import and Export Data Observation reported.

The Addis Ababa Djibouti Railway is a landmark project of the "the Belt and Road" jointly built by China and Africa. Wang Yuge, the person in charge of the Djibouti Branch of Addis Ababa Djibouti Transport, said that the Addis Ababa Djibouti Railway has improved the port's collection and distribution capacity, reducing the time for transporting goods from Djibouti port to Addis Ababa, the capital of Ethiopia, from 3 to 7 days earlier to 18 hours. "70% of the imported goods from Djibouti port are sent to Ethiopia, while 90% of the exported goods from Ethiopia go to the world through Djibouti port. The Addis Ababa Djibouti Railway has promoted the sustainable development and integration process in the region."

From Doha Lei multi-function port to Djibouti International Free Trade Zone, and finally, the Addis Ababa Djibouti Railway will transport international goods to inland Africa. China Kyrgyzstan cooperation has contributed to promoting regional economic development, Huacheng Import and Export Data Observation reported.


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