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There are gold

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There are gold Empty There are gold

Post  kosovohp Fri Dec 10, 2010 12:19 am

There are gold miners from India, geothermal experts from Iceland, Turkish hotel managers, Saudi oil engineers, French bankers and American military contractors. Investors from Dubai have leased the country's port, in an effort to develop the area as a gateway to the region. Saudi investors are reportedly exploring the possibility of linking the Horn of Africa with the Arabian Peninsula via an 18-mile long oversea bridge referred to as the Bridge of the Horns. Tarek bin Laden, half brother of Osama bin Laden, has been linked to the project.

An unemployment rate of 40% to 50% continues to be a major problem. Inflation is not a concern, however, because of the fixed tie of the franc to the U.S. dollar. Per capita consumption dropped an estimated 35% over the last seven years because of recession, civil war, and a high population growth rate (including immigrants and refugees). The secession of Eritrea from Ethiopia has been beneficial to Djibouti, as the Port of Djibouti is now serving as landlocked Ethiopia's primary link to the sea. Faced with a multitude of economic difficulties, the government has fallen into arrears on long-term external debt and has been struggling to meet the stipulations of foreign aid donors.[1]

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kosovohp

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Join date : 2010-09-07

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