Egypt, Djibouti sign strategic maritime, logistics, renewable energy deals

Egypt and Djibouti signed a series of agreements on Sunday covering maritime transport, logistics, and renewable energy, cementing a strategic partnership during a visit by Egypt’s Minister of Industry and Transport Kamel El-Wazir to Djibouti.

The deals include terms and conditions for a new multi-purpose terminal to be developed by an Egyptian consortium led by the Holding Company for Maritime and Land Transport (HCMLT) in partnership with Djibouti’s sovereign investment arm, Great Horn Investment Holding, the Egyptian ministry said.

In a separate agreement, HCMLT, Elsewedy Electric, and the Djibouti Ports and Free Zones Authority agreed to establish a regional logistics centre at the Khor Ambado Free Zone, aimed at boosting trade flows and supporting expansion into neighbouring markets.

The two countries also advanced cooperation on renewable energy through the Green Port Solar Project. Elsewedy Electric and the SGTD Doraleh Container Terminal signed an agreement to supply clean power for port operations, reducing reliance on fossil fuels and shielding the port from global fuel price swings.

The agreements were signed during El-Wazir’s visit to the headquarters of the Djibouti Ports and Free Zones Authority, where he said the projects reflect a roadmap set during President Abdel Fattah El-Sisi’s visit to Djibouti in April 2025.

Egyptian-Djiboutian cooperation has already resulted in the launch of Banque Misr Djibouti in November and the inauguration of a solar power plant in the village of Omar Jagga late last month, the ministry said.

Djibouti has also requested further Egyptian expertise in wind energy, road maintenance, and port expansion. El-Wazir said Egyptian companies were ready to carry out the projects, adding that discussions were under way to open a branch of the Arab Academy for Science, Technology and Maritime Transport in Djibouti.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser