Djibouti’s has the potential to become a transhipment hub due to its strategic location and an increase in its port capacity, a report by the Oxford Business Group (OBG) has claimed.
Currently, the port mostly acts as an entry and exit point for cargo to its landlocked neighbour Ethiopia, handling roughly 95% of its imports, which has forced port infrastructure to adapt to rising volumes.
With this strategy, container volumes have risen rapidly from 193,000 teu in 2005, to 504,000 teu in 2009 and reaching 928,000 teu in 2017.
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