CHINA-DJIBOUTI: INAUGURATION OF LARGEST FREE TRADE ZONE IN AFRICA
240-hectares of a 4,800 hectare US$ 3.5 billion initiative Free Trade Zone, the largest in Africa, was inaugurated in Djibouti on July 5, 2018. The free trade zone is being run by Djibouti, the majority shareholder, along with three Chinese companies: the China Merchants Group, Dalian Port Authority and Chinese big data company IZP.
(Comment: Djibouti - which is also the site of China's only overseas military base - is a critical part of China's "Belt and Road" global infrastructure initiative and in a prime position along what has been dubbed the "Maritime Silk Road".)
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