while the new five-star Djibouti Palace Kempinski—owned by Nakheel, a Dubai Worldcompany—has given a boost to tourism and business. This is a possible Investor and I can discuss off take with him… How much Energy do they use?
Opic presentation (The U.S. Government's Development Finance Institution)
By A.ELMI.AHMED Private Sector
The U.S. Government's Development Finance
OPIC mobilizes private capital to help solve critical
development challenges and in doing so, advances U.S.
OPIC works with the U.S. private sector, it helps U.S.
businesses gain footholds in emerging markets.
OPIC catalyzing revenues, jobs and growth opportunities
both at home and abroad.
OPIC achieves its mission by providing investors with
financing, guarantees, political risk insurance, and support
for private equity investment funds.
Facilitate U.S. investment and participation in
projects by providing:
Political Risk Insurance
Assist in the economic growth by facilitating
private investment in projects sponsored by
Operate on a self-sustaining basis by
supporting commercial viable projects on
Economically sound, commercially
viable, private sector project
Positive country development effect
No negative effect on U.S. economy
Internationally recognized worker
Protect against currency
Provides comfort to banks, suppliers
OPIC reserves exceed $5 billion
Full faith and credit of the United
Characteristics of OPIC finance:
Non- recourse, long-term finance
Loan amounts up to $250 million
Require 25% U.S. equity stake,
Can co-finance if we should add
other debt financing but likely
Djibouti Project will not require
Board approval allowing for a faster
Projects must be controlled by private
Sound financial plan
Cash flow adequate to service debt
which will likely be around 6-8
Ability to complete the project was
OPIC supports projects
OPIC supports projects in energy, agriculture, financial services
and other sectors in more than 150 countries
While the Overseas Private Investment Corporation is
authorized to operate in 150 developing nations around the
world, and supports projects in a range of industries from
energy to housing, agriculture and financial services
it focuses its work on regions where the need is greatest
and in sectors that can have the greatest developmental
In recent years, OPIC has increasingly focused on projects
that encourage the use of renewable resources.
OPIC supports projects
In addition to longstanding priority regions such as
Sub-Saharan Africa, OPIC responds quickly to shifts in
the political and regional landscape.
Events of the Arab Spring in 2011 have led to increased
commitments throughout the Middle East and North
Africa (MENA) region.
OPIC has also strengthened its focus on Southeast
Asia, supporting projects that will deliver
developmental benefits to a region enjoying dramatic