WadaagSan => Garacad investors annual conference, Galkacyo.
On Jul. 27th, 422 members of the Wadaagsan investors board voted in favour of an agreement between Abu Dhabi Port Authority and Wadaagsan group; initial terms of the agreement:
- WadaagSan Co: 90 year management contract,
- Abu Dhabi port authority: A 30 year management contract,
- 60 % Abu Dhabi Port Authority,
- Infrastructure development programme comprising 11 projects incl. construction of the 3G road project ( Garacad - Galkacyo - Galdogob ), and completion of the port,
- 40 % Wadaagsan investors incl. PL
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Benefits of investing in infrastructure.
MS Suvari, a 20,000 ton ship carrying UN aid cargo for GM & HS was re-routed to Garacad, where it docked, unloaded, and cargo already reaching its intended destination.
MS Suvari, a 20,000 ton ship carrying UN aid cargo for GM & HS was re-routed to Garacad, where it docked, unloaded, and cargo already reaching its intended destination.
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we get anything out of it?
The price of a 50kg bag of cement in Galkacyo has gone from $11 to $7.
Where hobyo
.That plus a great deal of port usage fees, taxes, and mostly helping the locals in GM & HS, who are in need of the equipment and security hardware.
Let's do some economic equation and create a unified theory where prices remain stable, business profits don't decline(deflation), exports growing over imports, unemployment declining, govt revenue increasing. A one line equation that satisfies that will get U Nobel peace prize and will be a blueprint for all nations economies and economic growth.
Inflation isn't good but deflation isn't good either and business revenues going down which effects taxes, hiring opportunities, etc
We might be a long way away from applying said economic principles to .So.
Thus far, the greatest benefactor of Garacad project is Galgaduud.
The port target is ogadeniya, Oromia, as that's where the road corridor is being built, etc not galgaduud
Agreed, intended market is DDS whereas unintended, indirect beneficiaries are people of the said region.
Correction: 'beneficiaries' instead of 'benefactors'.
Correction: 'beneficiaries' instead of 'benefactors'.
50 trucks at Jeexdin on their way to Tuurdibi
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