Tiryaki Agro and the Djibouti Ports and Free Zones Authority (DPFZA) have signed a Memorandum of Understanding (MoU) to explore the long-term development, modernisation and future operation of the Port of Tadjourah.
Under the agreement, the two parties will assess the technical, commercial and operational framework for developing the port further. Subject to further studies, negotiations and definitive agreements, the project envisions upgrading port infrastructure, expanding logistics and storage capacity, and improving handling of agricultural and bulk commodities.
The MoU also provides the basis for negotiating a long-term concession agreement covering the port’s management and operation.
The agreement builds on an existing partnership between IFC and Tiryaki Agro, with IFC having provided early-stage support, including feasibility studies, planning and stakeholder engagement.
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Süleyman Tiryakioğlu, Chief Executive Officer of Tiryaki Agro, said: “The signing of this Memorandum of Understanding marks an important step forward in our long-term commitment to Djibouti and our vision of contributing to the country’s role as a regional trade and logistics gateway. We sincerely appreciate the vision and support of the Government of Djibouti, the leadership and collaboration of the Djibouti Ports and Free Zones Authority, and the valuable partnership of IFC, whose advisory support has helped shape this opportunity from its earliest stages.
“We look forward to continuing our work together as we advance through the next phases of the project and explore its potential to strengthen regional trade, food security and sustainable economic development.”
The project forms part of Djibouti’s wider strategy to position itself as a logistics gateway connecting Africa, the Middle East and global markets, with the Government of Djibouti, DPFZA, IFC and Tiryaki Agro continuing to work together toward future investment in the port.
