Tiryaki Agro has signed a Memorandum of Understanding (MoU) with the Djibouti Ports and Free Zones Authority (DPFZA) to explore the long-term development of the Port of Tadjourah. The agreement marks the first step towards a potential modernization and future operation of the port. It also supports Djibouti’s ambition to strengthen its position as a regional trade and logistics hub. Under the MoU, the two parties will assess the technical, commercial and operational aspects of the project. If the studies prove successful, they will negotiate a long-term concession agreement for the management and operation of the port. The proposed project includes port infrastructure upgrades, additional logistics and storage facilities, and improved handling of agricultural and bulk cargo. It also aims to strengthen regional supply chains and support food security across the Horn of Africa. The initiative builds on advisory support from the International Finance Corporation (IFC). The organization has worked with Tiryaki Agro on feasibility studies, project planning and stakeholder engagement. “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,” said Süleyman Tiryakioğlu, Chief Executive Officer of Tiryaki Agro. He thanked the Government of Djibouti, DPFZA and IFC for their support. He also said the company looks forward to advancing the project and strengthening regional trade and economic development. Strategic role for Tadjourah Port The Port of Tadjourah sits on the Gulf of Tadjoura in northern Djibouti. The facility supports regional trade and provides access to neighbouring markets, including Ethiopia. Most container traffic still moves through the Port of Djibouti and the Doraleh terminals. However, the Tadjourah project could expand the country’s capacity for agricultural and bulk