Ethiopian owned NOC Djibouti launches a $1.3mln project in Djibouti

Addis Ababa, November 4, 2021 (FBC) – As part of expanding investments in neighboring countries, an Ethiopian owned NOC Djibouti has signed an agreement with a China Construction to significantly renovate and modernize a service station worth 1.3 million dollars on Wednesday.

Minister of Energy and Natural Resource, Yonis Ali Guedi, Minister of Interior, Said Nouh and Ethiopian Ambassador to Djibouti, Berhanu Tsegaye and scores of high level officials have attended the inaugural ceremony.

Commending the Djiboutian Ministry of Energy and the Ethiopian Ambassador, for facilitating conducive investment environment, Manager of NOC Djibouti, Fassil Woldemariam, reiterated NOC Djibouti’s commitment to contribute alongside public and private partners to the economic and social development of Djibouti.

It is to be recalled that NOC Djibouti invested in the construction of a new service station in areas known as PK 12 in 2020, which was commissioned at the beginning of 2021.