The Business and Investment Forum of Somalia and the European Union Launched in Mogadishu

Deputy Prime Minister of the Federal Government of Somalia, Salah Ahmed Jama, officially opened in Mogadishu the Somalia and European Union Business Forum , which discusses strengthening trade and investment relations between Somalia and the countries of the European Union.

The forum, which lasts for two days, on October 5th and 6th, is jointly organized by the Ministry of Commerce and Industry of Somalia and the European Union Delegation to Somalia.

It is attended by businessmen, investors, financial institutions, and officials from Somalia and European countries, including the European Union Ambassador to Somalia, László Eduárd Máthé, and European delegations who have come to Mogadishu to participate in the forum.

During the conference, the focus is on investment opportunities in Somalia and areas where both sides can collaborate economically.

Priority sectors include agricultural production, livestock, fishing, energy, digital economy, technology, transportation, and logistics.

The forum will also host panel discussions where participants share insights and experiences on how to enhance Somalia's production resources, attract new investments, and create a business environment that offers many opportunities for local and international companies.

Deputy Prime Minister Salah Ahmed Jama stated that the progress made in the economic reform and government institutions needs to be transformed into tangible opportunities to boost investment, domestic production, and job creation.

He pointed out that the cooperation between Somalia and the European Union could help increase domestic production and the income that citizens receive, while strengthening the role of private business.

Salax Ahmed Jama also praised the role that Somali traders play in the country's economy, stating that traders have played an important role in how Somalia's economy has been brought out of the difficult phases the country has gone through.

He stated that the current phase presents Somali traders with vast opportunities to participate in the development of the country's production, boost the economy, and create new jobs.

This forum comes at a time when Somalia is focusing on attracting domestic and foreign investment, developing domestic production, and strengthening its economic relations with countries and international organizations.

The meeting between Somalia and the European Union is an opportunity for traders and investors from both sides to get to know each other, as well as to discuss business opportunities, existing challenges, and how to create effective economic cooperation.