The economy has grown rapidly in recent years upon the back of rising foreign direct investment and the country’s increasingly important role as a centre for regional connectivity. GDP is expected to increase by 6.5% in 2016 and remain steady at an average annual growth rate of 7% between 2017 and 2019. Already established as a global hub, the trade...
The goal of diversifying Djibouti’s economy will depend on raising the contribution of several sectors to the country’s GDP. Among the government’s priorities are the expansion of agriculture and fishing activities. The contribution of agriculture to the national GDP is expected to increase from 3.7% in 2012 to 4.1% in 2022 and 5% of GDP by 2035, according to government plans...
How can cooperation between local enterprises and international investors be strengthened?
Djibouti’s economic strategy, as outlined under the Djibouti Vision 2035 plan, is in large part dependent on growth led by construction activity and infrastructure spending. While much of the $14bn worth of ongoing or planned projects is being financed directly by overseas investors, a large percentage is also being funded from the government’...
What can be done to strengthen cooperation between foreign investors and local enterprises?
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