Close Menu
    What's Hot

    FarmXic Deploys Soilless Farming Kits to Power Urban Agriculture in Nigeria

    May 19, 2025

    South Africa – Infrastructure Overhaul Set to Boost Transport and Trade

    May 16, 2025

    Unlocking Africa’s Digital Trade Future: Matta and the Rise of Integrated Marketplaces

    May 14, 2025
    Gulf Africa ReviewGulf Africa Review
    • Industry
    • Infrastructure
      1. Airport
      2. Hospitality
      3. Ports
      4. Power
      5. Rail
      6. Roads
      7. Transport
      Featured

      Osun seeks to capitalise on infrastructure momentum

      Infrastructure May 21, 2018
      Recent

      South Africa – Infrastructure Overhaul Set to Boost Transport and Trade

      May 16, 2025

      Navigating Challenges in the African Air Cargo Industry

      March 5, 2025

      Driving Growth: African Logistics Sector Harnesses AfCFTA’s Potential

      January 20, 2025
    • Business & Trade
      1. Agri-Business
      2. Entrepreneurship
      3. FDI
      4. Legislative
      5. MEA
      6. Telecoms
      7. Properties
      Featured

      Analysts predict bullish future for Nigeria’s REITs market

      Business Business & Trade January 21, 2018
      Recent

      Unlocking Africa’s Digital Trade Future: Matta and the Rise of Integrated Marketplaces

      May 14, 2025

      NjiaPay – Bridging Africa’s Fragmented Payment Ecosystem

      May 12, 2025

      Ghana’s Tendo Secures Backing to Scale Inclusive E-commerce Platform

      May 5, 2025
    • Finance
      1. Banking
      2. Islamic finance
      Featured

      DP World and Nedbank Elevate Trade Finance in Africa

      Finance Trade September 18, 2024
      Recent

      DP World and Nedbank Elevate Trade Finance in Africa

      September 18, 2024

      Arab Coordination Group commits $50 billion for Africa’s sustainable development

      November 13, 2023

      MENAT to see investment flows increase substantially

      September 4, 2023
    • Innovation
    Gulf Africa ReviewGulf Africa Review
    Business & Trade

    Djibouti invites Saudi Arabia to invest in free trade zone, opening gateway to USD 2 trillion trade opportunities

    June 1, 20223 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    free trade zone
    The free trade zone is strategically located along east-west trade routes.
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Saudi Arabia has been invited to invest in the Djibouti International Free Trade Zone, which is strategically located along coastal trade routes valued at USD 2 trillion.

    Leading Djibouti officials have invited Saudi Arabia to invest in the country’s international free trade zone. The free trade zone, according to Djibouti Ports and Free Zones Authority (DPFZA) Chairman Aboubaker Omar Hadi, “is a large gateway to an African market of about 1.3 billion people, and ready with appropriate infrastructure.”  

    Rising trade and opportunities

    Hadi, along with Djibouti’s Ambassador to Saudi Arabia, Dya-Eddine Said Bamakhrama met with representatives of the Saudi business community at the Federation of Saudi Chambers. The meeting covered a range of investment opportunities, including ports, logistics and free zones.

    The two men presented Djibouti’s international trade zone as an attractive investment opportunity. They claimed that the required infrastructure was already in place and that the trade zone sat at the intersection of trade routes in the East and West along routes through which USD 2 trillion in trade passes. “The DPFZA team presented the different investment opportunities in Djibouti, mainly in the logistics sector, free zones, and the petrochemical industries,” said Bamakhrama.

    Secretary-General of the Federation of Saudi Chambers, Hussein Al-Abdulqader, spoke of the historical links between Saudi Arabia and Djibouti, and highlighted the value of the investment opportunities within the country. Al-Abdulqader stated that trade between the two countries had grown to approximately USD 1.86 billion at a growth rate of 103% in 2021 compared to 2020. Al-Abdulqader went on to say, “There is still a great opportunity to increase it in line with the efforts made and the investment opportunities available.”

    Government bodies

    On Monday the two men held meetings with Saudi Arabian institutions including the Public Investment Fund (PIF), the Exports Development Authority, the Saudi EXIM Bank and the Ministry of Industry and Minerals.

    “The DPFZA team presented the different investment opportunities in Djibouti, mainly in the logistics sector, free zones, and the petrochemical industries, and the Saudi team expressed their interest vis-à-vis the facilitation that could be offered to the potential Saudi investors in Djibouti,” Bamakhrama said.

    Livestock links

    The delegation also met with the Ministry of Environment, Water, and Agriculture, to discuss the livestock industry and how they might achieve improvements in the liaison between importers and exporters via Djibouti’s port infrastructure. The Ministry stated that the two sides had discussed a livestock transportation service that would link Djibouti Port to Jazan Port as the first stage in a Gulf-wide distribution network.

    Dijbouti recently joined the Digital Cooperation Organization (DCO), a Saudi-led initiative that aims to boost states’ moves toward a digital economy.

    Djibouti Djibouti Free Zone investment saudi arabia trade
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleUAE, Egypt and Jordan sign Industrial Partnership for Sustainable Economic Growth
    Next Article Egypt awards eight gold and metal mining licenses as part of drive to attract private investment

    Related Posts

    Agri-Business

    FarmXic Deploys Soilless Farming Kits to Power Urban Agriculture in Nigeria

    May 19, 2025
    Infrastructure Trade

    South Africa – Infrastructure Overhaul Set to Boost Transport and Trade

    May 16, 2025
    Business & Trade Trade

    Unlocking Africa’s Digital Trade Future: Matta and the Rise of Integrated Marketplaces

    May 14, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    LATEST STORIES

    FarmXic Deploys Soilless Farming Kits to Power Urban Agriculture in Nigeria

    May 19, 2025

    South Africa – Infrastructure Overhaul Set to Boost Transport and Trade

    May 16, 2025

    Unlocking Africa’s Digital Trade Future: Matta and the Rise of Integrated Marketplaces

    May 14, 2025

    NjiaPay – Bridging Africa’s Fragmented Payment Ecosystem

    May 12, 2025

    Flutterwave CEO Urges Unified African Trade

    May 7, 2025
    • Business
      • Agri-Business
      • Entrepreneurship
      • FDI
      • Legislative
      • MEA
      • Properties
      • Telecoms
    • Infrastructure
      • Airport
      • Hospitality
      • Ports
      • Power
      • Rail
      • Roads
      • Transport
    • Finance
      • Banking
      • Islamic finance
    • Commodities
      • Agri commodities
      • Metals & minerals
      • Precious metals
    • Culture & Society
      • Education
      • Energy
    GAR logo
    © GulfAfricaReview.com 2014-2022, All Rights Reserved.

    Gulf Africa Review is a trade news and future networking platform for businesses leaders and trade organisations, established to first inform and secondly assist in facilitating the ongoing business and trade relations between the Gulf Cooperation Council countries and Sub-Saharan Africa. We aim to provide an apolitical voice for this channel of economic activity in a way that benefits both geographies by improving the availability of information about market events, developments and opportunities, while publicising the successes achieved by this ever-broadening regional relationship.

      Subscribe to our newsletter

      Type above and press Enter to search. Press Esc to cancel.