Atlas Corridor
Component

Addis Adaba/Djibouti International Free Trade Zone (DIFTZ) Phase 1

zone

Cities

Djibouti
Djibouti

Cost

$370m
$370,000,000

Phases

operational, 2018

Objective

The FTZ makes it easier for Chinese companies to set up businesses closer to where their customers are. It also makes it easier for customers to conduct business without physically going to China," said Dawit Michael Gebre-ab, senior director of Strategic Planning for the Djibouti Ports and Free Zones Authority.

Description

Phase one of the DIFTZ is part of plan for Djibouti to become Africa's hub of commerce, trade logistics and transportation.

Finance

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$150000000 loan
China Merchants Group Limited Company
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$144000000 investment
China Development Bank Development bank

Operators

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Djibouti Ports and Free Zones Authority
Company
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China Merchants Group Limited
Company

Sources