Yearbook 2007
Djibouti. According to
CountryAAH, Djibouti was hoping for an economic boom thanks
to the large infrastructure project that is intended to make
the port of Doraleh a mile from the capital Djibouti to
Africa's largest container terminal. A government company
from the United Arab Emirates, Dubai World, invested through
a subsidiary equivalent to SEK 2 billion on the project. The
Djibouti state also made money. At the end of 2008, the
port, with five times greater capacity than before, was
estimated to be ready to receive the very largest container
vessels crossing the Suez Canal. A five-star luxury hotel
had also opened to lure elaborate corporate executives from
the Arab world with lobster and helicopter safaris - while
most of Djibouti's residents still live on less than $ 2 a
day and much of the trade in the new port is estimated to be
aid to Africa's interior.
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