By Goth Mohamed Goth
Hargeisa – Somaliland’s Minister of Fisheries and Marine Resources, Hon. Ali Jama Farah, alongside Deputy Minister Sharmaarke Abdi Muuse and Director General Liban Mahmoud Diriye, today hosted a high-level Taiwanese business delegation. The meeting at the ministry headquarters focused on advancing investment and bilateral cooperation in Somaliland’s fisheries sector.
The delegation, representing a consortium of major Taiwanese businesses, expressed strong interest in investing in Somaliland’s fisheries, citing its untapped potential and strategic maritime location. They outlined commitments to sustainable fishing practices, infrastructure development, and technology transfer to enhance local capacities.
Minister Farah welcomed the delegation, highlighting Somaliland’s rich marine resources and favorable investment climate. “Our fisheries sector offers immense growth opportunities, from modernizing fishing techniques to developing value-added seafood processing,” he stated. Deputy Minister Muuse and DG Diriye detailed investment prospects, including access to Somaliland’s Exclusive Economic Zone (EEZ) and incentives for foreign investors.
Discussions culminated in an agreement to pursue a comprehensive partnership, with both sides committing to form a joint working group to finalize investment plans.
The meeting follows Somaliland’s intensified efforts to attract foreign investment, including last week’s Somaliland-UAE Business Summit in Dubai. The Taiwan collaboration builds on growing bilateral ties, exemplified by Taiwan’s recent $2.5 million humanitarian grant to Somaliland.
