Promotion has presented lucrative investment opportunities in Somalia to the UAE government, an investment portofolio in several sectors dubbed as SomInvest.
The delegation included government and private sector leaders from Somalia and was received by high level UAE officials from the Ministry of Foreign Affairs and UAE Corporate leaders.
This investment mission is a new initiative from the Somali government to attract foreign investment to boost economic growth and employment for youthful country where 75 percent of its 12.3 million population is under the age of 35.
The Minister of Planning and International Cooperation, H.E. Abdi Aynte stated, “with improving security, the Somali government strongly feels it is time to develop its rich economic sectors such as agriculture, fishery, livestock, energy, housing, telecom, trasportation and gas & Petroleum.”
The Somali investment mission was received warmly by the UAE government and other such missions are planned to other countries by the Somali government.