Industry & Retail

Given Djibouti’s economic reliance on international trade, manufacturing industries have traditionally played a secondary role in the country’s economic development. However, authorities are now looking to drive their expansion as a means to cut unemployment, and foster more sustained and inclusive economic growth. As the gateway to East Africa, Djibouti is well positioned to supply manufactured goods to the surrounding landlocked countries. By encouraging FDI in its free zones, Djibouti has an opportunity to boost manufacturing activities. Meanwhile, there is strong potential for growth in other subsectors, particularly cement and building materials, bolstered by the country’s ongoing infrastructure investments. With fisheries and salt mining pegged to see greater investment due to rising local demand and efforts to strengthen the business climate, there is definite scope for industry to play a larger role in the economy. This chapter contains interviews with Ahmed Osman Guelleh, CEO, GSK Group; and Abdoulkarim Al Gamil, Chairman, Al-Gamil Group.