The creation of infrastructure for satellite and rocket launches in the Horn of Africa nation of Djibouti has been approved in a preliminary agreement between the Djiboutian government and Hong Kong Aerospace Technology Group.
Djibouti President Ismail Omar Guelleh presided over the signing of the accord, the website of state-owned Djibouti news agency ADI reported.
The project, which will cost around $1bn (£822m) and take five years to complete, will also involve the construction of a port and highway in the northern Obock Region.
Je suis fier d’annoncer un accord préalable de partenariat technologique avec Hong Kong Aerospace Technology Group pour la conception et l'exploitation de plateformes de lancement de satellites et de fusées à Djibouti. Ce projet coûtera un milliard de dollars et durera cinq ans. pic.twitter.com/bhqzRn5vhg
— Ismail Omar Guelleh (@IsmailOguelleh) January 9, 2023