The project is expected to be finished in the next five years. Ismail Omar Guelleh The spaceport, the first orbital spaceport on African territory, represents a significant victory for Africa. A formal contract signing is anticipated for March 2023 as a result of the preliminary agreement, which was reached in collaboration with Touchroad International Holdings Group. A statement by Hong Kong Aerospace Technology notes, "the project would enable the Group to leverage on the resources of the Republic of Djibouti and the business connection of Touchroad in Africa, and allow the Group a smooth entrance into the aerospace business in the Republic of Djibouti." According to Victor Mwongera, Head of the Department of Mechanical Engineering at Kenyatta University, the projection will avail a launch base that will serve all Africans. "It will push eastern Africa off the sleeping state as far as active development of space-based innovations are concerned," he explained.