Somalia Enza Home retail center opens in KM4 Muqdisho

OffTheDome

depressed celtics fan
They should've made the windows clear, would've looked much nicer. Hargeisa made me hate those colored windows :ftw9nwa:
 

Chunks

Ghetto King of Sverige
VIP
This is not your brothers its turkish owned, made, employed, profit to turkey so sad we are proud of something like this.
:kodaksmiley:Let them get exploited by Turkey.

It's the choice of the people of Somalia it isn't my problem walaal.

Erdogan probably wants to use Somalia as a Turkish playground.
 
There are Somali furniture stores as well, there is nothing wrong with foreign investment
and what do you think will happen to those businesses? When a big brand like this comes along, with cheaper deals and better products because they have lower costs and produce their own products while you import.

Those are lifeline businesses who feed the economy, money comes back to the country.

These turkish companies ain't spending their profits in xamar are they?
 

kickz

Engineer of Qandala
VIP
and what do you think will happen to those businesses? When a big brand like this comes along, with cheaper deals and better products because they have lower costs and produce their own products while you import.

Those are lifeline businesses who feed the economy, money comes back to the country.

These turkish companies ain't spending their profits in xamar are they?
What you are advocating for is protectionist Economic policies, and those always fail. Foreign investment is good and creates competition/gives locals more options. Also its likely the investor here is partnered with a local in this venture.
 
What you are advocating for is protectionist Economic policies, and those always fail. Foreign investment is good and creates competition/gives locals more options. Also its likely the investor here is partnered with a local in this venture.
The type of foreign investment we need is billion dollar projects that we cannot do ourselves due to funding or skills. Water or electricity projects not furniture stores.

Come on bro think.
 

kickz

Engineer of Qandala
VIP
The type of foreign investment we need is billion dollar projects that we cannot do ourselves due to funding or skills. Water or electricity projects not furniture stores.

Come on bro think.
Again you are advocating for Protectionism which is a failed economic policy, you can't protect companies from competition especially in the era of globalism, all that ends up in is the consumer having more expensive products.
 
Again you are advocating for Protectionism which is a failed economic policy, you can't protect companies from competition especially in the era of globalism, all that ends up in is the consumer having more expensive products.
Somalia needs alot of laws and regulations in place before we allow any foreign company to come along. Policies such as making sure locals are major shareholders, and to make sure somalis are employed at least 80% of staff, as well as ensuring companies are invested in the local economy by buying from local markets not just importing. If that furniture store was a furniture factory which used local raw materials and employed hundreds of staff then am all for foreign investment.

Protectionism provides local industries with growth opportunities until they can compete against more experienced firms in the international market.

By allowing big players your essentially making home grown ideas non starters.
 

kickz

Engineer of Qandala
VIP
Somalia needs alot of laws and regulations in place before we allow any foreign company to come along. Policies such as making sure locals are major shareholders, and to make sure somalis are employed at least 80% of staff, as well as ensuring companies are invested in the local economy by buying from local markets not just importing. If that furniture store was a furniture factory which used local raw materials and employed hundreds of staff then am all for foreign investment.

Protectionism provides local industries with growth opportunities until they can compete against more experienced firms in the international market.

By allowing big players your essentially making home grown ideas non starters.
Some regulation is a given, but Protectionism will never work I don’t buy that. And from what I have seen their firms do typically employ locals
 

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