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Djibouti

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WHY DJIBOUTI?

The Horn of Africa’s Djibouti is a tiny nation with a population of just over a million people. It serves as an important entryway to East Africa and the Red Sea thanks to its strategic location at the intersection of some of the busiest shipping routes in the world. Trade, transportation, and services make up a large portion of Djibouti’s economy, and the country’s port and free trade zones have been instrumental in its growth.

Djibouti’s economy, which has experienced an average annual growth rate of about 6%, has been among the fastest growing in Africa recently, according to the World Bank. This development has been fuelled by infrastructure investments, particularly in the nation’s ports and transportation systems, as well as by the expansion of its free trade zones.

ADVANTAGES

A small but well-positioned nation in the Horn of Africa, Djibouti has several benefits to offer companies looking to expand their presence there.

Favourable business climate:

Djibouti provides a range of incentives for companies, such as duty-free zones, tax holidays, and other incentives to promote investment. Additionally, the nation has carried out several economic reforms to enhance the business climate and draw in foreign capital.

Membership in International Organizations:

The African Union, the Arab League, and the World Trade Organization are just a few of the regional and global associations that Djibouti belongs to. By highlighting its dedication to international trade and investment, this has helped to raise its profile and draw in foreign capital.

Robust infrastructure:

Djibouti has made significant investments in building its ports, airports, roads, and telecommunications network. Businesses now find it simpler to communicate with clients and partners and transport goods.

Stable political environment: