Hon. Eng. Ahmed Jama Barre, Somaliland’s Minister for Energy and Minerals, led a delegation of senior officials on a strategic investment tour across Dubai, Abu Dhabi, and Sharjah, promoting Somaliland as a prime destination for investments in Energy, Mining & Minerals, and Hydrocarbons.
During high-level discussions with global industry leaders, including Mubadala, Skyline, Masdar Tech City, and BB Energy, Minister Barre showcased Somaliland’s unique investment potential, highlighting:
– 34 Years of Stability: Peace and security since restoring independence in 1991.
– Democratic Excellence: Regular free, fair, and transparent elections with smooth power transitions.
– Investor-Friendly Economy: A liberal, market-driven framework with attractive fiscal policies and governance.
– Rich Resources: Vast mineral deposits, hydrocarbons potential, and untapped energy sector opportunities.
– Strategic Gateway: Proximity to GCC markets, bolstered by Berbera Port and the Berbera Road Corridor, positioning Somaliland as a vital link between Africa and the world.
The Minister presented a range of opportunities, including onshore and offshore oil block concessions, mineral rights tenements, and partnerships with Somaliland’s forthcoming National Energy Company and National Mining Corporation. These entities are set to spearhead government-led investments in the energy and mining sectors.
Investors expressed keen interest in Somaliland’s offerings, particularly in:
– Energy Development: Power generation, off-take agreements, and joint ventures for transmission infrastructure via Special Purpose Vehicles (SPVs).
– Hydrocarbons: Acquisition of oil blocks under UAE-based oil and gas companies.
The tour underscored Somaliland’s emergence as a stable and resource-rich investment hub, with strong potential for partnerships that could drive economic growth and regional connectivity. Minister Barre’s engagements signal Somaliland’s readiness to welcome global investors into its dynamic energy and minerals sectors.