Djibouti Partners With Hong Kong Space Group In $1 Billion Deal To Build A Spaceport
Djibouti has signed a partnership with Hong Kong Aerospace Technology Group (HKATG) for the construction of a spaceport in the country.
The agreement includes plans to build a facility for the launching of satellites and rockets in the eastern region of Africa.
A delegation of the Hong Kong space group arrived in Djibouti to discuss and evaluate the potential partnership between both nations on the 7th of January 2023. The Chinese ambassador to Djibouti Hu Bin met with, Vice President of the group, Allen Fund, and other members of the delegation.
According to Hong Kong Aerospace Technology Group, “ambassador Hu Bin expressed his affirmation for the cooperation of HKATG in Djibouti, and encouraged the enterprise to strengthen feasible research, establish a firm awareness of compliance, balance corporate interests and social responsibilities, promote the diversified economic development of Djibouti, and contribute to Sino-Djibouti cooperation.
The embassy will actively provide the necessary support and guarantee. Allen and his party thanked Ambassador Hu Bin for his concern and guidance to the company, and expressed that they would adhere to legal compliance, mutual benefit and a win-win situation, and actively promote cooperation with the Djibouti side.”
The project is estimated to cost $1 billion and includes the construction of a port and highway in the northern Obock Region of Djibouti.
The signing of the deal was presided over by the President of Djibouti, Ismail Omar Guelleh, and the project is set to be completed in the next five years.
Source: Pulse
