Somaliland: Director General Receives Chinese Investment Delegation

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By: Farrah Mohumed

Staff Writer

29th July, 2018

 

 

HARGEISA– The Director General of Somaliland’s Ministry of Investment, Hon. Ahmed Abokor Mohamed, received  yesterday at his office a Chinese investment delegation which is also accompanied by Ethiopian firms embarked on mission to assess areas of investing in Somaliland. The Chinese investment delegates compromise 8 members including OSG International Security Technology Service Co. Ltd; DANAT Trading and Services and Shijiazhuang Kelin Co. Ltd. The DG of SL’s Investment ministry had the chance to brief the visiting Chinese delegates on the investment opportunities currently available in the country and the investment areas that the ruling party has given first priority. He also explained to them on the duties of the ministry of investment for the nation as far as shoring up international investment in the country is concerned. The delegates were apprised of the criteria that foreign investors must fulfill in order to be granted the license.

The delegations have expressed thanks to the ministry officials for giving them a warm welcome upon arriving in Somaliland. They have reiterated their commitment to commence investment in the country and assured that they will abide by the laws of the country pertaining to investment. The firm is wiling to conduct projects aimed at rebuilding and reconstructing bridges, Berbera corridor, tourism and minerals. The Chinese investment delegation was brought to Somaliland by the current representative office to Ethiopia, Hon. Ahmed Hasan Egal. If these projects are carried out as planned then that spur economic growth and will create jobs for the youth who graduate from local universities so as to reduce the rampant unemployment in Somaliland.

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