Djibouti’s economy grew by an average of over 6% per year in the decade leading up to the start of the Covid-19 pandemic. Investment in transport and port infrastructure, enabled by the rollout of business-friendly regulations and external financing, has been a key driver of this growth. These efforts reflect long-term objectives to leverage the country’s geostrategic location and deepwater port to serve as a regional trade and logistics centre. This focus has had a considerable impact on construction…
Construction & Real Estate
From The Report: Djibouti 2023
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In light of its infrastructure push, construction is among the most dynamic sectors of Djibouti’s economy. Railways and road development have strengthened connectivity with East African neighbours, fostering regional trade and economic integration. The country’s strategic port infrastructure leverages its advantageous position along major trade routes, attracting investment and driving economic growth. In the real estate sector, efforts are underway to improve housing availability through financing initiatives, addressing the growing demand for residential properties. Additionally, Djibouti’s capital city is witnessing an expansion of hotel offerings, catering to the increasing influx of business travellers and tourists.
This chapter contains interviews with Habon Abdillahi, COO, Habone Construction; and Amina Abdi Aden, Minister of City, Urban Planning and Housing.