(Ecofin Agency) - Djibouti's ambassador to Egypt Mohamed Zohr Harsi announced that his country allocated 1 million square meters of land to Egypt for the construction of a logistics zone to help boost Egypt’s exports to the Subsaharan African country.   

1. Harsi announced this during a meeting with members of the Commission of African Affairs of the Egyptian parliament. He also promised the activation of many economic partnership agreements already signed by Egypt and Djibouti.

"Maybe there were some circumstances that hindered the activation of such agreements but now both countries are cooperating. We will soon witness the outcome of such cooperation, fostered by President Abdel Fatah al-Sisi", he said in a statement reported by Egypt Today.  

Djibouti is at a strategic position between the Gulf of Aden and the Red Sea, between Eritrea and Somalia. This country of less than 1 million residents is the transit country of 95% of the imports of neighbouring Ethiopia, a country of about 100 million residents. It is also very close to Bab Al Mandab strait, a transit point for 40% of the world’s maritime traffic.