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UK-Djibouti Trade & Investment Forum

CHAMBER OF COMMERCE OF DJIBOUTI. UK-Djibouti Trade & Investment Forum. London, May 8th 2013. CHAMBER OF COMMERCE OF DJIBOUTI. Brief introduction on the Republic of Djibouti. Mr Said Omar Moussa PRESIDENT CHAMBER OF COMMERCE OF DJIBOUTI HONORARY CHAIRMAN OF COMESA BUSINESS COUNCIL

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UK-Djibouti Trade & Investment Forum

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  1. CHAMBER OF COMMERCE OF DJIBOUTI UK-Djibouti Trade & Investment Forum London, May 8th 2013

  2. CHAMBER OF COMMERCE OF DJIBOUTI Brief introduction on the Republic of Djibouti Mr Said Omar Moussa PRESIDENT CHAMBER OF COMMERCE OF DJIBOUTI HONORARY CHAIRMAN OF COMESA BUSINESS COUNCIL VICE PRESIDENT OF IGAD BUSINESS FORUM

  3. CHAMBER OF COMMERCE OF DJIBOUTI Since 1907 A DRIVING FORCE BEHIND THE DEVELOPMENT AND THE PROMOTION OF PRIVATE SECTOR

  4. sea route in the world A priviledged position in the international exchanges : Situated on the 2nd sea route in the world

  5. Population • 818.159 inhabitants • Languages: French, Arab, (officials)Somali, Afar (nationals) • English is increasingly used, due to the development of trade relations with the countries of the region and the installation of a U.S. military base (since 2003).

  6. The economic context • Djibouti has opted for a liberal economyas of 1949, by abolishing any control on the exchange and by using the Djibouti Franc linked to the dollar as local currency. 1 $ US = 177.7 Franc DJ • Based on service activitiesconnectedwith the country'sstrategic location and status as a free trade zone in East Africa.

  7. Economy • Positive growth trend since 2004 • GDP (Growth Domestic Product) : 5.1 % in 2012 • GDP composition by sector : • Services : 81% | Industry : 16% | Agriculture : 3% • Imports in value : (USD Billion 2012) : 126 539 • Imported Products : Food and Beverage, Hydrocarbons, Chemical • products, Plastics, Rubber and Articles, Machineries and Equipments, • ElectricalMaterials, Vehicules and transport equipments, Textiles • Exports in value (USD Billion 2012) : 22 999 • Exported products : Livestock, Leather and Skin, Salt, Fish

  8. External Trade

  9. Investment • Salientfeatures of the Investment Code • - Foreigners and nationals benefit the same advantages • - Freedom of investors to manage business and to repatriate profits • - Taxincentives and specifictax exemptions (home consumer tax, incometax, propertytax, registration duties, …) • - Guaranties of rights and freedoms. • Foreign Direct Invesment (% of GDP 2012): 21%

  10. Local Private Sector Major tertiary activities Transport and Logistics Banking and Insurance Technologies of Information and Communication (TIC) General Trade Services providers Health Services

  11. Djibouti an open gate to the COMESA Common Market for Eastern and Southern Africa - Region : More than 450 million people Membership : 20 countries : Burundi, Comoros, DR Congo, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Libya, Madagascar, Malawi, Mauritius, Rwanda, Seychelles, Sudan, South Sudan, Swaziland, Uganda, Zambia, Zimbabwe Total Area : 12.2 million sq. Km GDP : US $ 450 billion (2011) Increase in AverageAnnual GDP growth : 5.08% from 3.51% (2010) Global trade for COMESA countries : Over US$ 244 BN (2010) Intra-COMESA Trade : US 18.4 BN (2011) Investmentflows : US $ 21.6 BN (2010) Total Imports Volumes : US $ 137 BN (2010) at 16% Total Exports Volumes : US $ 107 BN (2010) at 26%

  12. The COMESA-EAC-SADC Tripartite COMESA EAC SADC East African Community Southern African Development Community

  13. CHAMBER OF COMMERCE OF DJIBOUTI The New Region Mauritius, Mozambique, Namibia, Rwanda, Seychelles, South Africa, Sudan, Southern Sudan, Swaziland, Tanzania, Uganda, Zambia, and Zimbabwe Angola, Botswana, Burundi, Comoros, Congo DR, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Lesotho, Libya, Madagascar, Malawi,

  14. The New Region in figures • 27 countries • Over 581 million Inhabitants • GDP of plus 875 billion USD$ • 58% of the entire GDP of Africa as a continent Areas of Investment in the region • Infrastructure • Agro-industry and agro-processing • Real Estate Development • New Technology • Tourism THE BIGGEST ECONOMIC REGIONAL GROUPING IN AFRICA

  15. Republic of Djibouti Worldwide Partnership • Member of : WTO, IGAD,ArabLeague, African Union, ACP/UE, United Nationals and beneficiary country under AGOA • Privatesectorpartnership network : Comesa Business Council (CBC), IGAD Business Council, Pan AfricanChamber of Commerce, Francophone Chamber of Commerce, IslamicChamber of Commerce and Industry (ICCI) ... And manybilateralpartnerships

  16. Investment opportunities • 1- Transport and logisticsactivities : • Key sector of Djibouti’sEconomy • 20 % of GDP • Harbour activitiesincome : 20-25 % public income • 10 % of working population • Growthopportunity of the sector : • Perspective of strong and sustainableeconomic • growth in Ethiopia (~8% a year) • Perspective of important commercial partnershipwith the recentlyindependent South Sudan • Perspective of development of new connected • activities: truckway and connectedactivities • (mechanic), road building and management, …. • RegionalEconomicIntegrationwith the COMESA

  17. Investment opportunities • 2- Tourism : Great potential but underexploited • Geological sites, which are unique in their kinds • Marine fauna among the richest to the world • Cultural diversity due to cosmopolitan communities • Growthopportunity of the sector • Hotel infrastructures in development • An airport served by 6 international airlines • Possibility of combinedtourismwithRegion countries (Ethiopia, Kenya, Yemen) • Goal in 2030: Djibouti wish to welcome more than 500.000 tourists per year

  18. Investment opportunities • 3- Renewableenergies : • Key sector For Djibouti’sEconomydevelopment • A solar energy potential of 2240 Kwh / sqm / year • A geothermal potential around 170 Mwh / year • A wind potential around an annual average of 9.2 m/s • Growthopportunity of the sector : • Huge public-privateprojectsunderdevelopment

  19. Investment opportunities • 4- Fishing and halieuticsresources: • Plentifulresources but under-exploited • An annual production of 1500 tons (2011) • A potential of fishing estimated at 48 000 tons / year • Relatively low capital inflow for the small-scale fishing but with good profitability • Growthopportunity of the sector: • Possibilityof exports to the sub-region countries (Ethiopia and South Sudan) • Possibility of exports to the UE-ACP countries

  20. TO CONCLUDE …

  21. WHY TO INVEST IN DJIBOUTI ?

  22. Because Djibouti has a strategic geographical location in the region Because it is situated on the 2nd sea route in the world Because its political stability is an additional asset Because foreigners and nationals benefit the same advantages Because its currency linked to the dollar is freely convertible

  23. Becauseitsfinancial system whichis free of anykind of exchange control providesopportunity to a full freedom of money transfer Because its telecommunication system ranks among the best in Africa Because Djibouti is the main corridor of the region, thanks to its port equipments Because Djibouti is an open gate to a market of more than 450 million inhabitants, the COMESA.

  24. CHAMBER OF COMMERCE OF DJIBOUTI Thank you ! Hope to see you soon… 1907 2013 Tel : (+253) 21 35 10 70 Fax : (+253) 21 35 00 96 Email Address : ccd@intnet.dj Website : www.ccd.dj

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