Somaliland provides a multitude of opportunities for any foreign investor armed with the right information.The country is blessed with natural resources. Although agriculture is the most successful industry, surveys show that Somaliland has large offshore and onshore oil and natural gas reserves. Apart from livestock, other exports include hides, skins, myrrh and frankincense.
Mining has the potential to be a successful industry although simple quarrying is the extent of current operations - despite the presence of diverse mineral deposits including uranium. One industry which has seen growth however, is tourism.
We will keep you update on future investment opportunities. In the meantime if you wish to invest in Somaliland and would like further information, please drop us a line and we will respond to you within 24hrs. Please visit www.developingmarkets.com for upcoming Investment Forums.
Somaliland is a former British Protectorate, it is situated on the eastern horn of Africa, and is roughly the size of England and Wales. It shares its borders with Djibouti on the west, Ethiopia to the south, to the north the Gulf of Aden, and Somalia to the east. Somaliland comprises of a total area of 137,600 square km with a coastline of 850 km. Despite its strong legal and historical claims to sovereignty, the Republic of Somaliland remains unrecognised by the international community more than 20 years after it proclaimed independence from Somalia in 1991. This makes it that extra challenging in protecting and promoting Somaliland’s Tourism and Cultural Heritage assets to the International community and to better access to tourism traffic.
- Population 4 Million people
- 70% population under the age of 45 years
- 4 lowest GDP Per Capita in Africa (pretty good for a not yet recognised state)
- 830km of coast line
- Longest runway in Africa 4km (used by NASA)
- Held 4 Democratically elections in the last 20 years
- 23 Universities
- Free Education for Primary/Secondary and college level