SEIDSP AND FSD: WORKING TOGETHER TO BOOST INVESTMENT AND PRIVATE SECTOR DEVELOPMENT
The State Secretary in charge of Investment and Development of the Private Sector “SEIDSP,” Mrs. Safia Mohamed Ali, and the CEO of the Fonds Souverain de Djibouti ” FSD, “Dr. Slim Feriani, proceeded yesterday in the headquarters of the State Secretary, to the signature of a Memorandum of Understanding.
The SEIDSP and the FSD have decided to join their efforts to promote and develop investments in strategic sectors of the Djiboutian economy.
The purpose of the signed MoU is to establish the basis for cooperation between the two institutions to attract more Foreign Direct Investments in the private sector of the Republic of Djibouti.
Since its establishment, the Fonds Souverain de Djibouti has been developing partnerships with prominent local and international private sector actors to invest and bring their expertise to the sectors prioritized by Vision 2035. Today, the FSD and SEIDSP are working together to highlight the significant assets of the Djiboutian national economy to attract private-sector investors to accelerate economic growth. One of the components of this collaboration will be sharing information and identifying and evaluating equity investments by the Fund in projects that are part of Vision 2035. This strategic partnership will facilitate the coordination of joint technical assistance activities and the conduct of projects of mutual interest.
During the interview on the sidelines of the signing ceremony of the Memorandum of Understanding, the State Secretary, Mrs. Safia Mohamed Ali, was pleased to work closely with the Fonds Souverain de Djibouti and said that the synergy between the two actors involved in the promotion of investment and development of the private sector would accelerate access to funding for major projects involving private companies, thanks to the mutual efforts undertaken by the signatories of this protocol. The Chief Executive Officer of the Fonds Souverain de Djibouti, Dr. Feriani, highlighted the importance of enhancing the private sector in Djibouti. A fast expansion of private investment is an excellent opportunity for Djibouti’s social and economic development.
Through its partnership with the State Secretariat for Investment and Private Sector Development, the FSD will be entirely playing its role as the financial and investment arm of the State of Djibouti.