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Somalia has signed a landmark agreement with Türkiye’s OYAK Group aimed at revitalizing its fisheries sector and accelerating the growth of its blue economy, a move expected to unlock new economic opportunities and strengthen marine resource management. The deal, signed in Mogadishu by Minister of Fisheries Ahmed Hassan Aden and a representative from OYAK’s Sermaye Yatırımları Anonim Şirketi, marks a significant step in Somalia’s efforts to harness its vast maritime potential.
The agreement outlines a comprehensive partnership that includes direct investment in fisheries infrastructure, the establishment of fish processing industries, and the enhancement of fish production and quality to meet international export standards. With Somalia boasting one of the longest coastlines in mainland Africa, the collaboration is poised to transform the underutilized sector into a key driver of economic growth.
A central pillar of the agreement is the creation of employment opportunities for Somali youth. By investing in processing facilities, cold-chain logistics, and modern fishing equipment, the initiative is expected to generate thousands of jobs and reduce poverty in coastal communities. The Ministry of Fisheries emphasized that the partnership aligns with Somalia’s long-term vision of sustainable development and inclusive economic progress.
The deal also includes robust mechanisms to combat illegal, unreported, and unregulated (IUU) fishing—a persistent challenge that has undermined Somalia’s marine sovereignty for decades. OYAK will support the development of surveillance systems, regulatory frameworks, and training programs to empower local authorities and fishermen to protect national waters.
This agreement builds on earlier cooperation between Somalia and Türkiye, including a Fisheries Cooperation Agreement signed in February 2025. It also follows the successful completion of a 3D seismic survey by Türkiye’s Oruc Reis vessel, which explored three offshore blocks covering over 4,400 square kilometers. The data collected is currently being analyzed in Ankara to assess potential oil and gas reserves, further highlighting the strategic importance of Somalia’s maritime domain.
Minister Aden hailed the agreement as a turning point for Somalia’s fisheries sector, stating that it would “expand access to international markets, increase government revenue, and empower Somali youth through job creation and skills development.” He added that the partnership reflects Somalia’s commitment to working with trusted international partners to achieve economic resilience.
OYAK Group, one of Türkiye’s largest industrial and investment conglomerates, brings technical expertise, capital, and a track record of successful infrastructure projects across multiple sectors. Its involvement is expected to accelerate the modernization of Somalia’s fisheries value chain and position the country as a competitive player in the global seafood market.
The strategic agreement has been welcomed by economic analysts and development partners, who view it as a model for public-private collaboration in fragile states. With the blue economy gaining traction as a pillar of sustainable development, Somalia’s proactive engagement with international investors signals a new era of economic diplomacy and resource stewardship.
As implementation begins, the focus will shift to ensuring transparency, community engagement, and environmental sustainability. The success of the partnership will depend on effective coordination between government agencies, local stakeholders, and OYAK’s technical teams.