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Egypt, Djibouti ink port, logistics, green energy deals

Businessmen Team news 28 December 2025 02:25 PM
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Egypt, Djibouti ink port, logistics, green energy deals

Deputy Prime Minister for Industrial Development, Kamel Al-Wazir, concluded a high-level visit to Djibouti on Sunday, overseeing the signing of landmark agreements to develop ports, logistics hubs, and renewable energy projects.

The visit, which included a delegation of seven major Egyptian infrastructure firms, aimed to cement bilateral ties following Egyptian President Abdel Fattah El-Sisi’s historic visit to the Horn of Africa nation in April 2025.

A primary outcome of the talks was an agreement between an Egyptian consortium, led by the Holding Company for Maritime and Land Transport, and Djibouti’s Green Horn Investment Holding. The partners will develop and operate a new multi-purpose terminal intended to serve as a hub for international trade.

El-Wazir, who also serves as Minister of Industry and Transport, toured the Doraleh Container Terminal and inspected the site for a proposed logistics zone.

In a push for sustainable infrastructure, Egypt’s ElSewedy Electric signed two major deals:

Green Port Solar Project: A partnership with the Doraleh Container Terminal Management Company (SGTG) to power heavy machinery and cranes with solar energy, insulating port operations from global fuel price volatility.

Regional Logistics Center: A joint venture with the Djibouti Ports and Free Zones Authority (DPFZA) and Khor Ambado Free Zone (KAF) to establish a hub for Egyptian exports targeting East African markets.

During meetings with Djibouti’s Infrastructure Minister Hassan Hamad Ibrahim and DPFZA Chairman Aboubakr Omar Hadi, Wazir highlighted recent milestones, including the November 2025 opening of Banque Misr Djibouti and the inauguration of a solar plant in Omar Jaga on December 26.

"Egyptian companies are fully prepared to implement these mega-projects to the highest international standards," El-Wazir said, noting that cooperation would extend to the maintenance of Djibouti’s RN 1 road and the study of a new wind farm within the International Free Trade Zone.

The two sides also discussed educational cooperation, with Egypt welcoming a proposal to open a branch of the Arab Academy for Science, Technology and Maritime Transport in Djibouti to train local professionals.