In a significant boost to Somaliland’s economy, the Ministry of Investment and Industry and the Ministry of Livestock and Rural Development have signed a landmark investment agreement with Huseyin Bilen Ali Oglu, a Turkey-based company. The deal, formalized in a recent ceremony, focuses on direct investment in Somaliland’s livestock sector, specifically targeting live animals, meat production, and animal feed.
Abdifatah Ismail Ducale, Director General of the Ministry of Investment and Industry, opened the event by outlining the agreement’s objectives, emphasizing its potential to enhance Somaliland’s livestock industry, a cornerstone of the nation’s economy. “This partnership will drive growth and create new opportunities for our pastoralist communities,” Ducale stated.
Further details were provided by Ali Ahmed Abdi, Deputy Minister of Livestock, who highlighted the agreement’s role in modernizing meat processing and improving animal feed supply chains to meet both domestic and export demands.
Hüseyin Bilen Ali Oğlu, Chairman of the Turkish company, expressed enthusiasm for the venture, saying, “We are thrilled to invest in Somaliland’s vibrant livestock sector, contributing to its development and global market reach.”
The ceremony concluded with remarks from the Ministers of Investment and Industry, Said Mohamed Burale, and Livestock, Omar Shucayb. Both underscored the deal’s importance in fostering economic growth and job creation. “This investment aligns with our vision to make Somaliland a hub for livestock production and trade,” Minister Burale noted.
The Ministry of Investment and Industry has been instrumental in securing this agreement, reflecting its ongoing efforts to attract impactful foreign investments. With livestock accounting for a significant portion of Somaliland’s exports, particularly to Gulf countries, this partnership is poised to strengthen the nation’s economic resilience and global competitiveness.
Further details on the agreement’s implementation and economic impact are expected in the coming months as the project progresses.