By Goth Mohamed Goth
Hon. Eng. Ahmed Jama Barre, Somaliland’s Minister for Energy and Minerals, led a senior delegation on a strategic investment mission across Dubai, Abu Dhabi, and Sharjah. The tour positioned Somaliland as a prime destination for investment in Energy, Mining & Minerals, and Hydrocarbons.
During high-level discussions with global industry leaders—including Mubadala, Skyline, Masdar, Tech City, and BB Energy—Minister Barre showcased Somaliland’s unique investment advantages, emphasizing:no
- 34 Years of Stability Sustained peace and security since reclaiming independence in 1991.
- Democratic Governance: A proven track record of regular free, fair, and transparent elections with peaceful transitions of power.
- Investor-Friendly Economy: A liberal, market-driven framework featuring attractive fiscal policies and robust governance.
- Abundant Resources: Significant mineral deposits, substantial hydrocarbons potential, and untapped energy sector opportunities.
- Strategic Gateway: Proximity to GCC markets, enhanced by the Berbera Port and Berbera Corridor Road, positioning Somaliland as a vital link between Africa and global markets.
Minister Barre presented diverse investment opportunities, including:
* Onshore and offshore oil block concessions
* Mineral rights tenements
* Partnerships with Somaliland’s forthcoming National Energy Company and National Mining Corporation
These state-owned entities will spearhead government-led investments in their respective sectors.
Investors demonstrated strong interest in Somaliland’s offerings, particularly in:
* Energy Development: Power generation projects, off-take agreements, and joint ventures for transmission infrastructure via Special Purpose Vehicles (SPVs).
* Hydrocarbons: Acquisition of oil blocks operated by UAE-based oil and gas companies.
The tour underscored Somaliland’s emergence as a stable, resource-rich investment hub with significant potential for partnerships that drive economic growth and enhance regional connectivity. Minister Barre’s engagements signal Somaliland’s readiness to welcome global investors into its dynamic energy and minerals sectors.