Home Israel Somaliland President Meets Israeli Economy Minister to Forge New Economic Partnership

Somaliland President Meets Israeli Economy Minister to Forge New Economic Partnership

0

By Goth Mohamed Goth

JERUSALEM — The President of the Republic of Somaliland, H.E. Abdirahman Mohamed Abdillahi (Cirro), and his high-level delegation, now on the third day of their official visit to Israel, held a pivotal meeting on Monday with Israel’s Minister of Economy and Industry, H.E. Nir Barkat.

The talks, conducted in a cordial and constructive atmosphere, centered on deepening economic and developmental collaboration between Somaliland and Israel. Discussions placed a strong emphasis on exploring emerging opportunities for investment, bilateral trade, and the expansion of Somaliland’s productive sectors.

Minister Barkat, whose portfolio encompasses industrial policy, trade, investment, exports, small and medium-sized enterprise (SME) development, and foreign direct investment attraction, engaged with the Somaliland delegation on a wide array of strategic issues.

Key agenda items included:

· Facilitating Israeli corporate investment in Somaliland;
· Strengthening the strategic positioning of the Port of Berbera and its associated Free Trade Zone;
· Bolstering SME growth and capacity-building;
· Modernizing and scaling up Somaliland’s livestock and agricultural export sectors; and
· Enhancing joint cooperation in innovation, technology, and the digital economy.

President Cirro and his delegation provided a comprehensive overview of Somaliland’s abundant natural resources and the investment-friendly environment available to international partners. They detailed the wide-ranging opportunities across multiple sectors, underscoring Somaliland’s commitment to becoming a regional hub for commerce and logistics.

Both sides exchanged forward-looking perspectives on creating a dynamic business climate that attracts fresh capital and expertise, while elevating their bilateral economic ties to the mutual benefit of their peoples.

This high-level engagement forms an integral part of broader efforts to build a strategic partnership rooted in sustainable development, investment flows, trade integration, and knowledge-sharing. The meeting paves the way for new avenues of cooperation that promise to further strengthen the steadily growing relationship between the Republic of Somaliland and the State of Israel.

Discover more from SomalilandCurrent.com

Subscribe now to keep reading and get access to the full archive.

Continue reading