Egypt expects creation of a logistics free zone in Djibouti
Saturday, February 9, 2019
Egypt expects creation of a logistics free zone in Djibouti

African Daily Voice

Foreign Minister Sameh Shoukry met on Thursday 8/2/2019 with his Djiboutian counterpart, Mahmoud Ali Youssouf, and discussed the establishment of an Egyptian Free Trade Zone in Djibouti, local media reported.

Their meeting was held on the sidelines of the 32nd summit of the African Union in Addis Ababa, capital of Ethiopia, on 10-11 February.

“The project aims to boost the economies of the countries of the Horn of Africa, to attract Egyptian investment in Djibouti and to increase trade between the states of the region,” said the spokesman of the Egyptian Ministry of Foreign Affairs foreigners, Ahmed Hafez.

Shoukry welcomed the “positive leap” in relations between Egypt and Djibouti, stressing that his country was eager to strengthen bilateral relations in various fields.

The two ministers also discussed regional issues of common interest, including the chaotic situation in Yemen and Somalia and the security of their shared waters in the Red Sea, the Egyptian spokesman said.

They also agreed on the need to achieve stability in the Horn of Africa and to achieve integration among the countries of the region through a program of cooperation for common development.