Download Investment Opportunities in Somalia

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
(3,300km), 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