VU The Constitution of 15 September 1992;
VU Law No.12/AN/98/4 L of 11/03/98 on the reform of the Sociétés d'Etats, the Sociétés d'Economie Mixte and the Public Establishments of an industrial and commercial character;
VU Decree No.00-0015/PR/MHUEAT of 13 January 2000 amending the statutes of the Djibouti Immobilière Corporation;
VU Decree No.99-0077/PR/MFEN of 8 June 1999 on the reform of the Sociétés d'Etat, Sociétés d'Economie Mixte et des Etablissements Publics with an industrial and commercial character;
VU Decree No.99-0177/PRE of 27 July 1999 on the acquisition by the Djiboutian State of the shares held by AFD in the capital of the Immobilière Corporation of Djibouti;
VU Decree No.2013-0044 of 31 March 2013 appointing the Prime Minister;
VU Order No.2013-0045 of March 31, 2013 appointing members of the government;
VU Decree No.2013-0058/PRE of 14 April 2013 establishing the powers of the Ministries.
VU Decree No. 11/EAP/PL/L of 8 August 1956 establishing the Immobilière Society of Djibouti;
VU Order n°429/2012/PR/SEL of 11 July 2012 appointing members of the Board of Directors of the Immobilière Corporation of Djibouti;
VU Deliberation No. 04/2013 of 24 October 2013 of the Board of Directors of the Immobilière Corporation of Djibouti;
VU Circular No.66/PAN of 15/03/14 calling for the 1st public meeting of the 1st Ordinary Session of 2014.

The Council of Ministers heard in its meeting of December 03, 2013.

Article 1: The financial accounts of the Djibouti Real Estate Corporation for the 2011 fiscal year are approved to:
- In products...................................................796.199.857 FDJ
- Charges................................................745.025.051 FDJ
- Amortization and Provisions447.227.343 FDJ
- Deficital result of ..............................396.052.537 FDJ

Article 2: This Act will be enforced as the Law of the State and published in the Official Journal of the Republic of Djibouti for its promulgation.