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China views Djibouti as an important part of its global "Belt and Road" initiative of $ 1 trillion
Dubai on Thursday threatened China with an area Djibouti international free trade on a disputed terminal with the strategic nation of Horn of Africa
The warning came a week after the launch by Djibouti of the first phase of the largest area of free trade in Africa, developed by China. DP World
China, which has the only foreign military base near the Red Sea terminal, is developing and financing the Free Trade Area, considering Djibouti as an important part of its global investment initiative. trillion dollars. 19659004] "DP World reserves the right to take all available legal actions, including claims for damages against third parties that interfere or otherwise violate its contractual rights,"
The small nation of Djibouti overlooks the Strait from Bab al-Mandab to the mouth of the Red Sea, on the main seaway that crosses the Suez Cbad for Europe from the Gulf and Asia.
In February, he terminated a 50-year concession agreement with DP World on the Doraleh container terminal, alleging a blatant violation of state sovereignty and national interests.
Dubai has already filed for arbitration at the London International Arbitration Court. ] DP World reiterated Thursday that its concession agreement on the terminal "remains in effect" and warned that "unlawful seizure of the facility does not give the right to a third party to violate the terms of the agreement." concession agreement. "
DP World, which operates 78 ports in over 40 countries, has increased its interest in the Horn of Africa and nearby with contracts for port management in Yemen and in secessionist Somaliland.
Djibouti In 2017, three new ports and a railroad linking Ethiopia to the interior of Ethiopia were unveiled as part of its goal of becoming a global trading and logistics hub .
The commercial zone connected to the main ports of Djibouti aims to diversify the economy. create new jobs and attract foreign investment through tax-free incentives and full logistical support.
The new conflict is expected with the visit of Chinese President Xi Jinping to the United Arab Emirates next week.
Djibouti, majority shareholder, with three Chinese companies
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