Addis Adaba/Djibouti International Free Trade Zone (DIFTZ) Phase 1

zone

Cost

$370m
$370,000,000

operational

2018

Objective

The FTZ makes it easier for Chinese companies to set up businesses closer to where their customers are. It also makes it easier for customers to conduct business without physically going to China," said Dawit Michael Gebre-ab, senior director of Strategic Planning for the Djibouti Ports and Free Zones Authority.

Description

Phase one of the DIFTZ is part of plan for Djibouti to become Africa's hub of commerce, trade logistics and transportation.

Finance

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$144m investment
China Development Bank
Development bank

Governing authorities

Sources

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