Investment Opportunities in Somalia Somalia in spite of
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Investment Opportunities in Somalia
• Somalia, in spite of the many years of conflict, has maintained an informal economy largely based on the export of livestock mainly camels and remittances of money from one of the world’s largest diasporas.
• It also exports fish and bananas. With the longest coastline on the African continent (3, 300 km), this could be a major hub between Africa and the Middle East. Gulf Arab states have started to make strategic investments in the country, with Saudi Arabia building livestock export infrastructure and the United Arab Emirates purchasing large tracts of farmland for commercial agriculture. The country is slowly overtaking the Gulf States dependence on its major source of livestock market
• It also has very large potential for commercial agriculture and forestry. With only a population of 10 million, it has one of the largest Diasporas estimated at over 5 million living in North America, Europe and the Middle East.
• This group sends home billions of dollars annually. The country badly needs investment in energy, manufacturing, finance, telecoms, infrastructure and agribusiness.
Investment Sectors • Energy (including Renewable Energy ) • Oil & Gas • Transport Infrastructure (Roads & Ports) • Social Infrastructure (Education & Health) • Agribusiness
• Water & Sanitation (Water infrastructure, Waste Collection & Water Treatment) • Telecommunications • Media and Technology • Investment Funds
• Energy – Investment in energy is crucial for the post-conflict reconstruction and economic development in the region. Access to affordable and reliable electricity has cross-cutting benefits including growth in the manufacturing and distribution of goods and services in the economy
Business Promotions • Tax exemptions can be given • Tax rate is very low • Free land for Industries • Free land for Agriculture
