Skip to content Why Somalia
Investing in Somalia
Somalia has made significant progress towards becoming a stable and peaceful democracy. This is evidenced by the country’s peaceful political transitions in 2012, 2017 and 2022. Despite facing several challenges, the government has deepened democratic practices and governance, as exemplified by the successful completion of the Constitutional review process. As a result, economic fundamentals have been strengthened, and peace has given investors the confidence to invest in the country, knowing their investments are secure and profitable.
The country boasts $2.6 billion in diaspora remittances. This, coupled with a population of over 18 million, ensures effective demand in the country.
Somalia has a unique potential as an investment destination due to its strategic geographical location and extensive coastline of over 3,300km, which is the longest on the African continent, and has 15 seaports
The country recognises the importance of having a favourable domestic business environment. To this end, a Foreign Investment Law has been put in place alongside a dedicated Investment Promotion Office under the Ministry of Planning, committed to protecting and retaining investors.
The country boasts $2.6 billion in diaspora remittances. This, coupled with a population of over 18 million, ensures effective demand in the country.
Somalia has a unique potential as an investment destination due to its strategic geographical location and extensive coastline of over 3,300km, which is the longest on the African continent, and has 15 seaports
In Conclusion
In conclusion, the government has identified several sectors that are ready for investment, including real estate, healthcare facilities, energy and telecommunication, food production and supply, hotel and hospitality, transport and logistics, trade financing and entrepreneurship, education and skill development centres, marine equipment and supplies, security and ICT, investments in marine product packaging, and investments in fishing and aquaculture.
I encourage investors to take advantage of these investment opportunities and position themselves accordingly in the country.
Investment Opportunities
Discover Somalia’s investment sectors, ready for Foreign Direct Investment. All sectors offer high returns and potential expansion and spill-over.
Fishery
Livestock
Industry
Transportation
Renewable Energy
Health
Investment Opportunities
Discover Somalia’s investment sectors, ready for Foreign Direct Investment. All sectors offer high returns and potential expansion and spill-over.
Fishery
Livestock
Industry
Farming
Renewable Energy
Public Services
Somali Diaspora Investment Council
The Somali Diaspora Investment Council (SDIC) is dedicated to leveraging the resources, expertise, and networks of the Somali diaspora to promote sustainable socio-economic development in Somalia. Headquartered in Mogadishu, SDIC aims to be a leading global network for Somali diaspora entrepreneurship and investment.
Contact Us
- Maka-Almukaramah Street, TCC building 3rd floor Tre Piano, Mogadishu – Somalia
- +252 617 98 86 38
- info@somdic.com
