Africa: Somali President Pitches Investment Opportunities At Alamein-Africa Forum
Somali President Hassan Sheikh Mohamud addressed the Alamein-Africa Business Forum in Egypt, inviting international investors to support Somalia's economic recovery. He emphasized the country's commitment to reform and the necessity of regional cooperation for sustainable development.
Why it matters
Attracting foreign investment is a key pillar of Somalia's strategy to transition from post-conflict recovery to long-term economic stability.
Alamein, Egypt - Somali President Hassan Sheikh Mohamud on Sunday called on African and international investors to explore investment opportunities in Somalia, saying the country was rebuilding its economy and was open to business.
Hassan was speaking at the Alamein-Africa Business Forum in the Egyptian coastal city of Alamein, which brought together African leaders, ministers, business executives, investors and financial institutions.
"Somalia is not only a country recovering from conflict; it is a country rebuilding and reforming its economy. We are open to trade and investment, and we welcome anyone ready to build with us," Hassan said.
The president highlighted global economic and political changes and stressed the importance of greater economic cooperation and integration among African countries.
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