Economy
As the capital of and largest settlement in Djibouti, most local businesses have their headquarters in Djibouti city. Djibouti Telecom, the largest telecommunications company in the country, is based here. During its existence, Djibouti Airlines also had its head office in the city.
Port operations from the vicinity of Djibouti City are the chief economic activity of Djibouti. The city's port is the terminus for Ethiopian oil transport and export. Increase in railway infrastructure pending a contract agreement in 2012 will further enable Ethiopian and Eritrean oil to reach the capital.
Read more about this topic: Djibouti (city)
Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)