Djibouti Signs Development, Tourism Agreement With Chinese Firm

Djibouti has signed an agreement with Chinese company Touchroad International Holdings to support a number of tourism and development projects in the country, the Djiboutian Information Agency reported Monday (January 27th).

Under the agreement, Touchroad will finance the construction of a new shipyard at Obock, and new luxury hotels and an airport for tourists on the Ras Syan and Seven Brothers Islands.

Touchroad said it will also open a new regional headquarters in Djibouti.