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Djibouti on Thursday ordered a $ 3.5 billion free trade zone built in China, deepening ties with the Asian giant and helping the Horn of Africa nation create more money. jobs for its young people.
Djibouti, with a population of 876,000 It also houses Chinese, American and French naval bases and handles about 95% of the goods imported by Ethiopia, its neighboring landlocked 99 million people.
The new commercial area, one of the new Djibouti port and commercial facilities covers an area of 48 square kilometers and was built by the Chinese company of Dalian port
The area will be jointly operated by the 39, Authority of Ports and Free Zones of Djibouti and the Chinese Company Merchants Holdings
. Djibouti President Ismail Omar Guelleh said at the inauguration ceremony, which was also attended by the presidents of Rwanda, Somalia, Ethiopia and Sudan
. This commercial area was signed in March 2016 as part of the Chinese initiative "One Belt, One Road", which aims to expand trade routes through a series of infrastructure initiatives in 60 country.
The facilities […] saw the importance of Djibouti as a world-renowned trading center, "Aboubakar Omar Hadi, chairman of the Djibouti Free Trade Zone, told Reuters.
Source: Reuters
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