Somalia Seeks More Foreign Investment

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Somalia Investment Promotion Office Director Mohamed Dubo encouraged foreign investment in farming, fisheries, livestock, energy, and finance. Speaking to Anadolu Agency, he said SOMINVEST promotes and facilitates investments, noting recent interest from Türkiye. Turkish firms already operate the Mogadishu Port, airport, and in construction and manufacturing. Dubo highlighted Somalia’s new company law allowing 100% foreign ownership and called for stronger legal and regulatory frameworks to improve the business environment.