Djibouti & Somalia eye better future
Florence Eid-Oakden, Ph.D, Chief Economist
Charlene Rahall, Chafic Mouharam, Analysts
With this report, Arabia Monitor is pleased to announce it is expanding its country coverage to Djibouti and Somalia.
Our economic and financial analysis now encompasses 22 countries from Iran to Mauritania and from Egypt and the GCC to the Horn of Africa. As always, we welcome your questions and comments.
Dubai’s DP World filed a law suit in Hong Kong in November claiming China had unlawfully prompted Djibouti to break an agreement over managing the Port of Doraleh in favour of state-owned China Merchants. This has raised concerns in countries such as the US and Japan over increased Chinese involvement in East Africa and access to the Red Sea. But for Djibouti, the row underlines the crucial role its strategic location will play in growing its underdeveloped economy.
In Somalia, 27 years after the country descended into chaos with the start of a civil war that created a failed state, some equilibrium has returned, and the West is offering a helping hand after years of keeping its distance.
The Regional Views series are thematic papers aimed at identifying and analysing factors behind medium to long-term economic trends shaping the region. Our analysis draws conclusions that help businesses and investors get ahead of the curve. As a firm staffed by Middle Easterners, we focus on insight rather than standard analysis.
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