Djiboutian President Ismail Omar Guelleh has signed a technology cooperation agreement with China’s Hong Kong Aerospace Technology Corporation to build a $1 billion satellite and rocket launch site.
The project involves building port and road infrastructure in the northern Obock region to ensure reliable transit of space material from China.
President Guelleh said that construction could be completed as early as 2027 and the infrastructure will be handed over to Djibouti after completion of the 30-year joint management agreement with Hong Kong Aerospace Technology Corporation.
“I am pleased that our country is participating in this promising technological and energy development project,” said Guelleh.
A delegation from the Hong Kong Aerospace Technology Corporation, which includes the company’s vice president, Allen Fung, arrived in Djibouti on Jan. 4 to discuss trade cooperation with the government.
Hong Kong Aerospace Technology Group said it is the first commercial aerospace company in Hong Kong to focus on satellite network development and precision satellite manufacturing.
The company has five technical centers and manufacturing facilities, including a satellite manufacturing center and a satellite data center.
The delegation was received by the Chinese Ambassador to Djibouti, Hu Bin, who said that he “encourages the company to promote meaningful research, create consistent awareness of compliance, balance corporate interests and social responsibility, in diversifying economic development of Djibouti”.
Djibouti, one of Africa’s smallest countries with just one million people, is relatively close to the equator, making it an attractive target for launching satellites that can use the Earth’s rotational speed to determine the availability of the amount of fuel needed to get rockets. In space.