DJIBOUTI, Djibouti March 11, 2024 -/African Media Agency(AMA)/- One of the fastest growing economies in the world is rolling out the red carpet for international investors next May. The Sovereign Wealth Fund of Djibouti has just announced the dates of its next Djibouti Forum – Gateway of Opportunities, which will be held from May 12 to 14 at the Djibouti Palace Kempinski.
“This inaugural Forum will present the investment potential and opportunities of Djibouti and the African continent. It will bring together CEOs, investors and promoters to foster collaboration between like-minded individuals, catalyze strategic investments for the entire sub-region and facilitate dialogue between the Fund and institutional investors” , declared the Director General of the Sovereign Fund of Djibouti, Dr Slim Feriani.
Recent investments in ports and logistics, hospitality and renewable energy provide a model for investors. The country’s 2035 plan provides a clear roadmap and, under the leadership of HE Ismail Omar Guelleh, President of Djibouti, the country is offering many incentives to private sector players.
The event is overseen by the pan-African press group, IC Publications, publisher of African Business magazine. High-level speakers will provide key insights to decision-makers seeking opportunities, as well as excellent networking opportunities with other institutional and business leaders in strategic sectors from Africa, Europe, States -United States, and Asia.
“According to the African Development Bank, the Djiboutian economy is expected to grow by 6.5% this year. There is a clear opportunity to gain a leading advantage in this country which is not only strategically located, but which has one of the most sophisticated logistics centers on the continent and which, with its ten submarine cables , is becoming a hub for data centers and other technology-related activities. The country aims to be 100% dependent on clean energy by 2030. The finance sector offers many opportunities to be seized,” says Omar Ben Yedder, Managing Director of IC Publications.
“We have a strong and convertible currency, a stable political and economic environment and a government that supports us. The country attracted more than USD 2.3 billion in FDI between 2000 and 2020, mainly in infrastructure. This is an opportunity for people to see it with their own eyes and accompany us on this journey,” added Mr. Feriani.
Highlights of the Djibouti 2024 Forum
- The power of ports: Located at the crossroads of major maritime routes, Djibouti’s world-class ports are essential links in global trade routes. The Forum provides an opportunity to share ideas on how investments in Djibouti’s ports can boost economic growth, improve logistics and facilitate international trade.
- Investing for Tomorrow: The event will delve deeper into Djibouti’s key sectors, including logistics, energy, telecommunications and tourism, and the lucrative investment opportunities they present.
- Uniting the continents: Djibouti is a gateway to neighboring countries on the African continent and the Middle East. The Forum will showcase the resulting unique investment opportunities, including the potential for cross-border collaborations and investments, and the promotion of economic integration.
- A world of contacts: The event promises extensive networking opportunities, connecting you with high-level delegates, potential partners and government officials from around the world.
- Economic Growth: The government of Djibouti is committed to creating an environment conducive to investors. The Forum will highlight progressive policies and initiatives aimed at facilitating foreign investments, ensuring a mutually beneficial relationship between investors and the host nation.
Distributed by African Media Agency. pour IC Publications
Notes to editors:
About the Sovereign Wealth Fund of Djibouti
Established in March 2020, the Djibouti Sovereign Fund was created to contribute to the improvement of governance and catalyze new investments in strategic sectors of the economy. These include sustainable natural resources and energy, telecommunications and digital infrastructure, financial services, general infrastructure, technology, tourism, healthcare and education .
The Fund aims to diversify and modernize the country’s economy as well as stimulate its growth by relying on a competitive private sector and generating wealth for future generations. Key state-owned enterprises, ranging from utilities to telecommunications to logistics, are now part of its portfolio to drive modernization.
The sovereign wealth fund’s mission is also to increase investment and develop economic partnerships throughout the Horn of Africa region.
About Dr. Slim Feriani
The Djibouti Sovereign Fund is headed by its Managing Director, Dr Slim Feriani. He has over 25 years of experience in international capital markets and was a minister in Tunisia where he held two portfolios focused on industry and SMEs as well as energy, mining and renewable energy .
About the VISION 2035 of the Government of Djibouti
Vision 2035 is a long-term strategic plan for the Republic of Djibouti. Its objective is to position the country as a vital center for the regional and continental economy. It was developed in collaboration with Djiboutian youth, political parties, civil society, the private sector and international development partners, and therefore reflects economic, political and social objectives for the whole of society.
About IC Events and African Business
IC Events is the events division of IC Publications, the pan-African media and communications group. It organizes some of the most important events on the African calendar for private sector decision-makers, policy makers, thought leaders, entrepreneurs and change makers.
African Business is the flagship publication of IC Publications. Its editorial team is renowned for its integrity and excellence. The magazine provides essential tools that help readers stay ahead of the curve on a continent that is changing the world. Its readers are affluent and cosmopolitan Africans, as well as international investors and observers of Africa.
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Source : African Media Agency (AMA)
2024-03-11 15:07:40
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