Sunday October 5, 2025
Mogadishu (HOL) — Somali President Hassan Sheikh Mohamud
officially opened the Somalia–U.S. Presidential Trade Summit in Mogadishu on
Saturday, aimed at strengthening economic cooperation and attracting foreign
investment across key sectors in Somalia.
Speaking at the event, President Mohamud described the
summit as an important milestone marking Somalia’s transition from aid
dependency to partnership and innovation, positioning the country as “a new
frontier for American and global investment, boosting local creativity and
private sector growth.”
“We invite investors to come to Somalia, explore
opportunities, and invest in a country rich in minerals and other vital
resources,” President Mohamud added.
The president reaffirmed his government’s commitment to
enhancing trade relations with friendly nations, particularly the United
States, to drive sustainable development and create new job opportunities for
Somali youth.
Minister of State for Foreign Affairs and International
Cooperation, Ali Mohamed Omar, said Somalia is now ready to attract global
investments, highlighting promising opportunities in energy, agriculture,
infrastructure, and fisheries.
Somalia’s Ambassador to the United States, Dahir Hassan
Abdi, noted that fifteen American-owned companies are participating in the
summit, reflecting growing international confidence in Somalia’s business
environment.
Minister of Energy and Water Resources, Abdirahman Batan
Warsame, underscored Somalia’s significant potential in the energy sector —
particularly in electricity, renewable energy, and water — and encouraged U.S.
investors to explore these opportunities and contribute to the country’s
development.
The summit comes as Somalia redoubles its efforts to build
stronger economic partnerships with the United States, promoting shared growth,
innovation, and long-term prosperity.