Puntland investment conference LIVE

[DR OSMAN]

@Finesse I just noticed another large final product item to manufacture. Toilets and Luggage. They sell a-lot in the market place, currently we import it. Imagine we made it for all Somalia. That's millions of homes who will buy from us. Per toilet your talking $500.

If PL just focused on these industries

Boat Building
Bed making
Furniture making
Coffee tables and Cupboards
Toilets
Luggage

We sold these items to PL and Somalia and make a 'brand name' for it and then begin exporting, we would earn so much in GDP revenue, because the single Item itself is $500. The more u produce the more $500 keep rolling in. While Sirlancelord is busy away with drinks which cost 1 dollar, your producing 500 dollars item. You won't be equal your economies when the economists come in and measure your products against time you put in.

 

[Finesse]

@Finesse I just noticed another large final product item to manufacture. Toilets and Luggage. They sell a-lot in the market place, currently we import it. Imagine we made it for all Somalia. That's millions of homes who will buy from us. Per toilet your talking $500.

If PL just focused on these industries

Boat Building
Bed making
Furniture making
Coffee tables and Cupboards
Toilets
Luggage

We sold these items to PL and Somalia and make a 'brand name' for it and then begin exporting, we would earn so much in GDP revenue, because the single Item itself is $500. The more u produce the more $500 keep rolling in. While Sirlancelord is busy away with drinks which cost 1 dollar, your producing 500 dollars item. You won't be equal your economies when the economists come in and measure your products against time you put in.

Can we produce these items using recycled plastic?

 

[Abdalla]

PUNTLAND INVESTMENT FORUM CONCLUDES WITH POSITIVE SIGNALS

GAROWE, Puntland – The annual Puntland Investment Forum concluded on Tuesday in Garowe city with the announcement of giant investment projects worth 3 hundred million dollars.

The Forum which continued for 15th, 16th and 17th September brought together 400 people, including 300 representing 130 local and international business companies, at a hotel in Puntland capital Garowe.

Top officials, including Puntland President, Said Abdullahu Deni, Somalia’s Minister of Planning Jamal Mohamed Hassan, several diplomats such as Nicolas Berlanga, EU envoy to Somalia attended the Expo.

President Deni said his government has set up the Investment policy which will effectively enable the entrepreneurs and business firms to invest in Puntland in any sector and anywhere of their interest.

”I want to affirm that the EU is ready to join you in re-branding Somalia and changing the image. Today, Somalia is very different from that of recent history. We are proud that Puntland is ready for Investment and leading this re-imaging course,” said Berlanga.

Farah Haji minster of Fishery said: « In Puntland, we have all types of fish and so far the ministry has registered about 12,000 fishermen with few exporters for our fisheries like the UAE. There are 19 fishing investment opportunities. »

The investment forum seeks to provide a better platform for investors and entrepreneurs from Puntland and beyond to explore business opportunities in the northeastern oil-rich region on the Gulf of Aden.

While reiterating his government’s efforts in ensuring security in the state, Deni also called on the banks in the Somali Federal State to provide competitive interests for investors and budding entrepreneurs.

http://www.africanews.online/somalie/puntland-investment-forum-concludes-with-positive-signals/

 

[Finesse]

Ultimately, even foreign criminals that are robbing our land and seas would rather benefit legally without having to waste lives and money employing the likes of AlShaydan.

Somalia needs a normal government that minds its own business and provides stability in the Horn of Africa and the Indian ocean.

 

[DR OSMAN]

@Finesse throw in some oil sector which is high final product also can reach $100 a barrell. That's why they're rich Finesse oil producer, they're product is final product that is worth hard money, it's not a bottled water or low cost item plus they secured large markets it can only mean large final product multiplied by large markets. We need 'large' markets but we can't reach large markets until we make a name for ourselves in Somalia, noone will like your stuff untill your people like it themselves, people copy people. Other countries will like our products then.

 

[DR OSMAN]

Ultimately, even foreign criminals that are robbing our land and seas would rather benefit legally without having to waste lives and money employing the likes of AlShaydan.

Somalia needs a normal government that minds its own business and provides stability in the Horn of Africa and the Indian ocean.

For god sakes we need tourism. An average tourist will spend thousands locally during his stay in hotels, food, shopping, and general transportation. Let's start that. We can then begin side economies like 'uber' or 'hire a car' markets for these tourist. Our coastal areas can boom with this as they begin construction of hotels at the beach, we can organize scuba diving and other activities. The possibilities are endless but as a good indicator we need our factories producing items worth more then $100.

We then need a good service industry and tourist sector and oil/mining. Finally then we can re-invest our capital into farming to ensure we have enough food, then apply the singapore model, let's invest into 'research' fields so our people become inventors of the future, we want also our brains being expensive commodity so we can send our workers overseas to do highly skilled work.

 

[SilentE1001]

For god sakes we need tourism. An average tourist will spend thousands locally during his stay in hotels, food, shopping, and general transportation. Let's start that. We can then begin side economies like 'uber' or 'hire a car' markets for these tourist. Our coastal areas can boom with this as they begin construction of hotels at the beach, we can organize scuba diving and other activities. The possibilities are endless but as a good indicator we need our factories producing items worth more then $100.

We then need a good service industry and tourist sector and oil/mining. Finally then we can re-invest our capital into farming to ensure we have enough food, then apply the singapore model, let's invest into 'research' fields so our people become inventors of the future, we want also our brains being expensive commodity so we can send our workers overseas to do highly skilled work.

You're running before you crawl - so you wanna forever import food items while making products. That somalis can't afford yet

We're focusing on not importing food which was dominant for a long time. The flour mill in Berbera just completed to be producing 10,000 metric tons. On top of large scale farms in Wajaale & Oodweyne district

26th September - there's an event highlighting all products Made in Somaliland

 

[DR OSMAN]

You're running before you crawl - so you wanna forever import food items while making products. That somalis can't afford yet

We're focusing on not importing food which was dominant for a long time. The flour mill in Berbera just completed to be producing 10,000 metric tons. On top of large scale farms in Wajaale & Oodweyne district

26th September - there's an event highlighting all products Made in Somaliland

View attachment 79033 View attachment 79034

If I have to import something yeah I want to import the cheap stuff while doing the expensive stuff in-house, why not? why would I want my ppl to waste 8 hours a day producing flour or bananas? I'll get your ass to do that, thanks. Now you free my people up to work on high cost items like boats, furniture, toilets, beds, coffee tables, cupboards, luggage, or any item above $100. If the product itself isn't worth more then $100 in the market, I don't want my people wasting they're time/effort. IMPORT.

Eventually i'll have trade surplus exporting my expensive items, while importing they're cheap items. The books will be in my favor GDP wise. Sxb we only get 8 hours in a day, USE IT WISELY, not producing worthless FLOUR lol. Eventually i'll invite CAR/TV/PHONE/LAPTOPS/PC giants to establish a branch here so we can work on 'spare' parts industry and repairs. This will boost my service sector charging 1 hour $100 or more. 100 dollar service is equal to 100 dollar product in GDP.

 

[SilentE1001]

If I have to import something yeah I want to import the cheap stuff while doing the expensive stuff in-house, why not? why would I want my ppl to waste 8 hours a day producing flour or bananas? I'll get your ass to do that, thanks. Now you free my people up to work on high cost items like boats, furniture, toilets, beds, coffee tables, cupboards, luggage, or any item above $100. If the product itself isn't worth more then $100 in the market, I don't want my people wasting they're time/effort. IMPORT.

Eventually i'll have trade surplus exporting my expensive items, while importing they're cheap items. The books will be in my favor GDP wise. Sxb we only get 8 hours in a day, USE IT WISELY, not producing worthless FLOUR lol

Importing it's training capital out of the country, self sufficiency is key bro. What if political disturbance happens and you're current trade route of food is disrupted. Are you willing to have price rises in your market.

To build a successful economy you gotta make sure the people are secured in 3 aspects

• Food
• Water
• Energy

Then when a person doesn't have to worry about those 3 be can develop himself - there's always buyers with food products whereas furniture and other heavy good is based on brand awareness and marketing.

Somalis can easily win by becoming a breadbasket and developing other industries on the side based on domestic consumption

 

[Finesse]

Importing it's training capital out of the country, self sufficiency is key bro. What if political disturbance happens and you're current trade route of food is disrupted. Are you willing to have price rises in your market.

To build a successful economy you gotta make sure the people are secured in 3 aspects

• Food
• Water
• Energy

Then when a person doesn't have to worry about those 3 be can develop himself - there's always buyers with food products whereas furniture and other heavy good is based on brand awareness and marketing.

Somalis can easily win by becoming a breadbasket and developing other industries on the side based on domestic consumption

Doesn't Somalia have massive water aquifers? Also the potential to make rivers like in the Nugaal basin.

Puntland's private sector is developing the energy sector so now we just need more help with ensuring everyone has equal access to affordable and clean water.

 

[Abdalla]

If Sirlancealot was present at the investment forum, he'd be like: Oh gatherers of Investors BERBERA IS THAT WAY

 

[SilentE1001]

If Sirlancealot was present at the investment forum, he'd be like: Oh gatherers of Investors BERBERA IS THAT WAY

Nope,

I be like let's create the foundation for investments to come in naturally - you gotta make it attractive for international businessmen.

We'll see next year if there's any change.

Somaliland has 2 Economic Corridors

• Western - Berbera to Addis
• Eastern - Berbera to Garacad

All towns between them must be fully connected infrastructure & trade

2 Heavy Container Ports to supply the whole region connect all these places together and watch us all get rich

 

[Libaaxseendheer]

$464 million?!

 

[Cognitivedissonance]

Nope,

I be like let's create the foundation for investments to come in naturally - you gotta make it attractive for international businessmen.

We'll see next year if there's any change.

Somaliland has 2 Economic Corridors

• Western - Berbera to Addis
• Eastern - Berbera to Garacad

All towns between them must be fully connected infrastructure & trade

2 Heavy Container Ports to supply the whole region connect all these places together and watch us all get rich

View attachment 79042

In sha Allah that will never happen puntland enemy is somaliland and their allies al shabaab

 

[Abdalla]

The forum might be over but that was just the start.

The eyes are now on Somalias biggest project. Some of the foreign investors are now inspecting the progress made on Garacad Port

 

[GBTarmy]

President Deni and investors head their way to Garacad port

 

[FBIsomalia]

All that and N&N watching . Let see what will happen for hobyo.

 

[Diaspora ambassador]

Since the investment forum is annually, I look forward to next year's Investment forum. Walle this is the move we all were waiting for. Everyone can secure his/her own investment and easily start a business in PL soon.

I wanna see SL jumping in and all other states.

I even saw on one of the pictures the back side of madoobe (how in the hell did they transport him from kismayo safely to garowe without him being arrested). Nevertheless guul Somalia guul

 

[Farm]

Italian investors are at Garacad with President Deni.

 

[Finesse]

All that and N&N watching . Let see what will happen for hobyo.

I hope Hobyo also gets built, we all need to eat and why not build all our ports using foreign money. Let's hustle these foreigners who want us to fight each other and develop our land.

Hobyo and Garacad can cooperate.

Their win is not our loss and our loss is not their win. That's what the enemies of the Somali people would like us to believe.

Viva Galmudug, Viva Puntland.