Chinese investment needed in Djibouti

Unlike the Western investment with strings attached to it, Chinese investment, which is mutually beneficial to both parties and respects the destination country's interest, is much needed, said Abdallah Abdillahi Miguil, Djibouti's ambassador to China.

Miguil said investment is key to the economic growth in a country. China's Belt and Road Initiative created in Djibouti an environment that attracted major Chinese and international investors, and paved the way the implementation and construction of huge projects in Djibouti.

Located in the Horn of Africa, Djibouti is an important choke-point that links the Red Sea and the Gulf of Aden. It is pivotal, given its proximity to key nations in both Africa and Asia, as well as being a crucial route for global shipping.