Projects include US$590 million port and China’s first overseas military base
Laura Zhou
Ahmed Mohamed Ali, the deputy chief of Ras Siyyan in Djibouti, first met investors from China almost a year ago.
The eight investors, accompanied by Djibouti’s ambassador to Beijing and a Chinese official, spent roughly half an hour on the long white beach of Ras Siyyan, a peninsula on the Bab el-Mandeb Strait between the Red Sea and the Gulf of Aden, and had since returned three times, most recently in early January.
Ali said their initial investment plan would see a luxury hotel built on the secluded beach, where visitors would be able to enjoy stunning sea views and year-round sunshine. A new tourist airport, also funded by the Chinese investors, would be built on another part of the peninsula.
Djibouti, some 7,800km from Beijing, is the smallest nation in the Horn of Africa. Plagued by poverty and high unemployment, it is now eying investment from China to boost its tourism industry, with Chinese tourists a major targets.
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