Egypt expects establishment of logistic free zone in Djibouti

Source: Xinhua| 2019-02-08 03:39:12|Editor: Mu Xuequan
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CAIRO, Feb. 7 (Xinhua) -- Egyptian Foreign Minister Sameh Shoukry met on Thursday with his Djiboutian counterpart Mahmoud Ali Youssouf over the establishment of an Egyptian logistic free zone in Djibouti, the Egyptian Foreign Ministry said in a statement.

Their meeting was held on the sidelines of the preparatory meetings for the 32nd African Union summit in Ethiopia's capital Addis Ababa on Feb. 10-11, which will be chaired by Egypt.

"The project aims at reviving economies of the countries of the Horn of Africa and luring Egyptian investments to Djibouti as well as increasing inter-trade exchange among the region's states," Egyptian Foreign Ministry spokesman Ahmed Hafez said in the statement.

Shoukry hailed "the positive leap" in the relations between Egypt and Djibouti, highlighting his country's keenness on boosting their bilateral ties in various fields.

The two ministers also discussed regional issues of mutual concern including the chaotic situations in Yemen and Somalia and the security of their shared Red Sea waters, according to the Egyptian spokesman.

They also agreed on the necessity of achieving stability in the Horn of African region and realizing the integration among the region's countries through a cooperation program for joint development.