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Somalia is taking bold steps to strengthen its economic future by building closer ties with China. On Thursday, Somali Prime Minister Hamza Abdi Barre attended the Somalia-China Business Networking Conference in Ningxia, China. The high-level forum brought together more than 100 Somali and Chinese companies to discuss opportunities for trade, investment, and partnership.
The event was jointly organized by the Somali Embassy in China and the Ningxia Regional Government. It was designed to connect businesses from both countries and encourage long-term cooperation in different sectors. For Somalia, this conference marked an important step in showcasing its potential as an attractive destination for international investors.
Showcasing Somalia’s Opportunities
In his address, Prime Minister Barre outlined Somalia’s commitment to creating a supportive environment for business. He explained that the government has been working on investment-friendly policies to make it easier for foreign companies to operate in the country.
Barre emphasized that Somalia has vast untapped opportunities in several key areas. These include natural resources, infrastructure development, trade, and connectivity projects. He invited Chinese investors to visit Somalia directly and see the opportunities for themselves, stressing that the government is ready to welcome partnerships that will benefit both sides.
“Our doors are open, and Somalia is ready for business,” Barre said, encouraging Chinese companies to explore opportunities beyond traditional trade and move into long-term investments that can support Somalia’s growth.
Focus on the National Transformation Plan
A major part of Barre’s presentation was dedicated to Somalia’s National Transformation Plan (NTP). He described it as a roadmap for the country’s economic growth and national development. The plan aims to rebuild Somalia’s economy by attracting foreign direct investment (FDI), expanding infrastructure, and developing industries that can create jobs for the Somali people.
Barre explained that international partnerships are critical to achieving the goals of the NTP. By aligning with global investors, Somalia hopes to transform its economy from one that has long faced instability into one that is sustainable, competitive, and connected to regional and international markets.
Strengthening Somalia-China Relations
The conference also highlighted the growing ties between Somalia and China. Both nations see value in strengthening their cooperation, especially in business and economic development. For China, Somalia is strategically located at the crossroads of Africa, the Arab world, and Asia, making it a potential hub for trade and connectivity.
Chinese companies already have experience investing in Africa, particularly in infrastructure and energy projects. By partnering with Somalia, they gain access to new opportunities in a country that is eager to rebuild and modernize its economy. For Somalia, China offers expertise, financing, and a large market for goods and services.
A Shared Vision for the Future
The Ningxia forum served as more than just a networking event. It was also a platform for both sides to build trust and discuss how they can work together on projects that will have long-lasting benefits. Somali businesses had the chance to meet with potential Chinese partners, while Chinese investors learned more about the policies and opportunities available in Somalia.
Barre stressed that Somalia does not only want short-term assistance, but rather long-term investment partnerships that can help create industries, infrastructure, and sustainable growth. He noted that with the right support, Somalia could become a strategic hub for trade that connects different regions of the world.
Looking Ahead
The Somalia-China Business Networking Conference is expected to lead to new agreements and business deals in the coming months. By positioning itself as open and ready for investment, Somalia is signaling to the world that it is serious about economic recovery and development.
For Prime Minister Barre and his government, the message is clear: Somalia wants to move beyond its challenges and focus on building a future driven by investment, trade, and international cooperation. The partnership with China, they believe, could play a central role in making that vision a reality.