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Published on 2024-03-11 15:15:28
Djibouti City, Djibouti 11 March 2024 -/African Media Agency(AMA)/- The rapidly growing economy of Djibouti is set to welcome international investors with open arms this May. The Sovereign Wealth Fund of Djibouti (Fonds Souverain de Djibouti) has officially announced the dates for its upcoming Djibouti Forum – Gateway of Opportunities, scheduled to take place from the 12th to the 14th of May at the Djibouti Palace Kempinski.
“This inaugural Forum will showcase the potential and investment opportunities of Djibouti as well as the African continent. It will bring together CEOs, investors, and developers to foster collaboration among like-minded individuals, catalyze strategic investments for the whole subregion, and facilitate dialogue between the Fund and the institutional investment community,” says Sovereign Wealth Fund of Djibouti CEO, Dr. Slim Feriani.
Recent investments in ports, logistics, hospitality, and renewable energy serve as a blueprint for potential investors. With a clear roadmap outlined in the country’s 2035 plan, under the leadership of H.E. Ismail Omar Guelleh, President of Djibouti, the nation offers various incentives to private sector entities.
The event is being spearheaded by the pan-African media and communication group, IC Publications, publishers of African Business magazine. Expectations are high for a distinguished line-up of high-level speakers who will provide valuable insights for decision-makers seeking opportunities, along with excellent networking prospects with institutional and business leaders from Europe, the US, Asia, and Africa.
According to the African Development Bank, Djibouti’s economy is projected to grow by 6.5% this year. This presents a unique opportunity for early movers to capitalize on the strategic location of the country, boasting one of the most advanced logistics hubs on the continent and the potential to become a central hub for data centers and technology-related activities. Other sectors such as hospitality, renewable energy, with the aim of being 100% clean energy reliant by 2030, and finance also offer promising opportunities for investment.
“We have a stable, convertible currency, a stable political and economic environment, and a supportive government. The country has attracted over USD 2.3 billion in FDI between 2000 and 2020, mainly in infrastructure investments. This is an invitation for individuals to witness firsthand and join us on this journey,” added Feriani.
Key Highlights of Djibouti Forum 2024:
1. The Power of Ports: Djibouti’s world-class ports are crucial links in global trade routes and can drive economic growth, enhance logistics, and facilitate international trade.
2. Investing for Tomorrow: Delve into Djibouti’s key sectors such as logistics, energy, telecommunications, and tourism, and explore the lucrative investment opportunities they offer.
3. Uniting Continents: Djibouti serves as a gateway to neighboring countries in Africa and the Middle East, presenting unique investment opportunities for cross-border collaborations and investments.
4. A World of Contacts: Extensive networking opportunities with high-profile delegates, potential partners, and government officials from around the world.
5. Economic Growth: Djibouti’s government is actively creating a conducive environment for investors, highlighting progressive policies and initiatives to facilitate foreign investments.
The Sovereign Wealth Fund of Djibouti, established in March 2020, aims to enhance governance and catalyze greenfield investments in key sectors of the economy. The Fund’s mission includes diversifying and modernizing Djibouti’s economy, generating wealth for future generations, and fostering economic partnerships in the Horn of Africa region. CEO Dr. Slim Feriani brings over 25 years of experience in international capital markets to the Fund.
Vision 2035, Djibouti’s long-term strategic plan, positions the country as a vital hub for the regional and continental economy. Developed in collaboration with various stakeholders, the plan encompasses economic, political, and social goals for the entire society.
IC Events, the events division of IC Publications, organizes essential events for private sector decision-makers, government officials, thought leaders, entrepreneurs, and change-makers in Africa. African Business magazine, IC Publications’ flagship publication, provides critical insights and tools for readers to stay ahead in a changing continent.
To stay updated on the Djibouti Forum agenda and announcements, follow Djibouti Forum on Twitter @djiboutiforum and visit http://register.djiboutiforum.com. For updates on the Sovereign Wealth Fund of Djibouti, visit fsd.dj, and follow African Business on Twitter @AfricanBizMag, Facebook @AfricanBusinessMagazine, and LinkedIn African Business Magazine. For media enquiries, contact Brian Scudder at [email protected] or +44 7467 542 779.
Source: African Media Agency (AMA)
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