Djibouti 2007

Yearbook 2007

Djibouti. According to CountryAAH, Djibouti is the capital city of Djibouti. 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.