By Goth Mohamed Goth
Hargeisa, Somaliland – In a significant move to attract foreign investment, the President of the Republic of Somaliland, H.E. Abdirahman Mohamed Abdullahi (Cirro), hosted a major multinational delegation at the Presidential Palace on Thursday.
The delegation, representing a broad coalition of nations from Africa, Asia, the Middle East, Europe, and the United States, was led by the PLO Lumumba Foundation. The visiting delegation included representatives from Kenya, Tanzania, Uganda, the USA, Qatar, China, India, and Austria.
Central to the discussions were the vast investment opportunities available within Somaliland. President Cirro personally encouraged the delegates to consider investing in the country’s key sectors, specifically highlighting Energy, Production, and Natural Resources as prime areas with high potential for returns. He emphasized that such investments are crucial for driving economic development and creating much-needed employment opportunities for the people of Somaliland.
Underpinning this investment pitch, the President detailed the foundational strengths that make Somaliland an attractive destination. He stressed the nation’s enduring peace, political stability, and reconcilable governance, coupled with sound administration and a democratic environment. These factors, he noted, create a low-risk and predictable climate conducive to successful and mutually beneficial partnerships.
The delegation expressed profound gratitude for the warm reception and the productive nature of the talks. They commended Somaliland’s notable achievements in maintaining peace and stability.
In response, the delegates pledged to actively pursue and promote the diverse investment opportunities they learned about, particularly in the targeted sectors of energy, production, natural resources, and economic infrastructure. They concurred that Somaliland’s unique environment of security and political settlement is a significant advantage capable of attracting serious international investment.
