Aboubaker Hadi

Aboubaker Hadi

CEO, Port of Djibouti (DP World)

Djibouti

The chairman of Djibouti Ports & Free Zone Authority, Mr. Aboubaker Omar Hadi has in four years transformed Djibouti to become the fastest growing logistics hub in Africa. Mr. Hadi was a managing director of Lagos Port from 2008 to 2011 before the Republic of Djibouti gave him the responsibility of running Djibouti Ports & Free Zone Authority. At the time, the port authority had very little investment program but today has more than $15 billion worth of projects related to maritime transport with 69% already financed. Construction work is already underway on most of these projects. With a program to build six new ports and two new airports, Djibouti will end up having a total of 8 seaports and three airports, which is unprecedented for an African country the size of Massachusetts.

The port industry constitutes more than 70% of Djibouti’s GDP. It is this importance that led to the formation of this executive agency of the government in which the chairman reports directly to the president. Djibouti with its 2009 inaugurated state of the art and one of the deepest port in world namely Doraleh Container Terminal, has established itself as the regional major port hub.