Djibouti has signed a $1 billion cope with Hong Kong Aerospace Technology Group to arrange a rocket and satellite tv for pc launch website within the nation.
The challenge “also includes the construction of a port and highway of international standing in the northern region of Obock for the transport of materials necessary for the development of aerospace sites,” Djibouti’s President Ismail Omar Guelleh stated in a press release late on Monday.
He stated the challenge will take 5 years to finish.
“The agreement provides for the final concession of the infrastructure built to the Djiboutian side after 30 years of co-management,” Guelleh added.
Djibouti is a small nation within the Horn of Africa, bordering Somalia within the south and the Red Sea and Gulf of Aden within the east.
The nation holds strategic significance because it homes the US’ greatest navy facility on the African continent.
China, Japan, and France-Djibouti’s former colonizer-also have navy bases within the nation.
