Morocco’s Somagec to Invest in Djibouti Storage Terminal Construction
04.11.2021 - NEWS

April 10, 2021 [Morocco World News] Port officials said the construction of the terminal will help facilitate regional trade.

 

The Moroccan group Somagec and the Djibouti Ports and Free Zones Authority (DPFZA) have announced a contract to construct a storage terminal in the Damerjog Industrial Park (DDIP) in Djibouti.

The two parties signed the agreement this week in Djibouti.

Aboubaker Omar Hadi, president of the Djibouti ports authority, and Roger Sahyoun, CEO of Somagec, signed the agreement.

The agreement concerns the first in a series of five terminals set for construction in the complex.

The terminals will offer a storage capacity of over 750,000 cubic meters, which will serve as an asset to facilitate the transit of products and regional trade.

Hadi extended DPFZA’s satisfaction with the signing of the deal with Somagec, which will serve to advance the “industrialization of Djibouti and East Africa.”

He added that the port will position Djibouti as a “petrochemical hub for the region.”

DDIP is one of Djibouti’s largest ongoing projects, covering an area of 30 square kilometers.

The first phase of the work is scheduled to last for 30 months. The project includes the construction of a three-kilometer offshore jetty, with two docks. One of the docks is designed for berthing vessels from 5,000 to 100,000 deadweight tonnage (DWT), while the other will host vessels from 2,000 to 30,000 DWT.

Djibouti launched the construction work on the DDIP in September 2020.

The East African country wants to make the hub the first industrial base and one of the major petrochemical complexes in Africa.

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