The government of Djibouti has reaffirmed its commitment to the International Green Industrial Complex project, a strategic initiative aimed at diversifying the national economy and promoting sustainable industrial development. The project is expected to have a production value exceeding $10 billion. This development was announced during a high-level meeting at the Ministry of Economy and Finance, chaired by Minister of Economy and Finance, Elias Moussa Doualeh.
The meeting was attended by a delegation of Chinese investors, as well as other high-ranking officials, including Minister of Energy, Dr. Jamaa Mohamed Hassan, and Minister of Investment and Private Sector Development, Mariam Hamdou Ali. The project aligns with the country's vision for development, led by President Ismaïl Omar Guelleh, which aims to establish a modern industrial base that enhances the competitiveness of the Djiboutian economy.
The International Green Industrial Complex project will comprise an integrated system of green and smart industries, including chemical industries linked to salt and mineral resources, manufacturing of marine equipment, renewable energy, digital technologies, and wind energy. The project's success is expected to create jobs, transfer expertise, and develop local industries.
Minister of Economy and Finance, Elias Moussa Doualeh, emphasized the government's commitment to the project's success, with President Guelleh overseeing its strategic implementation. The government will facilitate procedures, secure investments, and provide necessary infrastructure to address potential challenges.
The partnership with Chinese investors is based on transparency, mutual responsibility, and tangible results. The project's impact will be measured by its ability to create jobs, transfer expertise, and enhance the national economy's added value, benefiting Djibouti's youth.
The project leverages Djibouti's strategic advantages, including its prime geographic location, advanced port and logistics infrastructure, and promising renewable energy potential. The complex is expected to be a significant step towards building a more diversified and sustainable economy.
The International Green Industrial Complex project aims to enhance Djibouti's capacity to attract investments, achieve industrial development, and provide new economic opportunities. The project is set to capitalize on Djibouti's large salt reserves and renewable energy potential.
Key points
- The project is expected to have a production value exceeding $10 billion.
- The complex will comprise an integrated system of green and smart industries.
- The project's success will be measured by its ability to create jobs and enhance the national economy's added value.
Reporting sources
- Al Qarn · Al Qarn
