ISTANBUL, July 22, 2026 (XOL AFRICA) — Tiryaki Agro and the Djibouti Ports and Free Zones Authority have signed a memorandum of understanding to explore the long-term development, modernization and future operation of the Port of Tadjourah, the companies said Wednesday.
The agreement establishes a framework for cooperation aimed at strengthening Djibouti’s role as a regional trade and logistics hub while supporting agricultural trade, supply-chain resilience and food security across the Horn of Africa.
Under the memorandum, Tiryaki Agro and the Djibouti Ports and Free Zones Authority, known as DPFZA, will assess the technical, commercial and operational requirements for developing the port.
Subject to further studies, negotiations and definitive agreements, the proposed project could include upgrades to port infrastructure, expanded logistics and storage capacity, and improved handling of agricultural and bulk commodities.
The memorandum also provides a basis for negotiations toward a potential long-term concession agreement covering the management and operation of the port.
“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.
“We look forward to continuing our work together as we advance through the next phases of the project and explore its potential to strengthen regional trade, food security and sustainable economic development,” he said.
Tiryakioğlu also thanked the Djibouti government, DPFZA and the International Finance Corporation for their support and collaboration.
The initiative builds on a partnership between the IFC and Tiryaki Agro aimed at positioning Djibouti as a gateway for regional trade and food security in the Horn of Africa. The IFC has provided early-stage support, including feasibility studies, planning and stakeholder engagement.
The parties said the proposed development aligns with Djibouti’s long-term strategy to strengthen its position as a logistics gateway connecting Africa, the Middle East and global markets.
The project is expected to support future investment in the Port of Tadjourah, improve agricultural trade and supply-chain resilience, and promote private sector-led economic growth in the Horn of Africa.
The companies emphasized that the memorandum is a framework for cooperation and does not itself constitute a final agreement to develop or operate the port. Further studies, negotiations and definitive agreements will be required before the proposed project can proceed.
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