Djibouti’s economy is currently driven by the country’s state-of-the-art port complex, which is among the most sophisticated in the world. Trade through Djibouti’s port is expected to grow rapidly in parallel with the expanding economy of its main trading partner, Ethiopia. In addition, Djibouti is endowed with natural assets for the development of tourism, untapped marine resources that could support growth in artisanal fishing, and a significant infrastructure of undersea telecommunications cables on which it could draw to develop new service industries. Energy trade could also be a source of growth for the country.
Contact our Africa Team for more information on our legal services across all African jurisdictions.