Mogadishu port seen 30% surge in revenue in the last six months
- Thread starter Fisherman 75
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Somalia's GDP was said to be $12.49 Billion according to the IMF as of 2024. What would you predict it to be? Informal economy included would be much closer to at least $30 billion in my opinion.
CABDULWALI XASAN.
Cabdul's Status CLOSED until further notice.
Who manages port operations? is port authority private or public.
all the containers in those images are rentals from triton or Maersk and their subsidiaries.
And then theres breakbulk in the bottom and top right. Bottom left are tugs.
Alx. for the reduction in corruption
all the containers in those images are rentals from triton or Maersk and their subsidiaries.
And then theres breakbulk in the bottom and top right. Bottom left are tugs.
Alx. for the reduction in corruption
somalia says 756 now. google is 446
$25-30B imo
And Ethiopia 272 billion
Ethiopia cooks up fake numbers to secure more loans. Take those numbers with a grain of salt. Their real gdp might be as low as 70-80 billion.And Ethiopia 272 billion
al-Mu'tamid المعتمد
عِشْ مَا شِئْتَ فَإِنَّكَ مَيِّتٌ
30 bill and still an underdeveloped capital.
We should do the same
No one will believe us mate
Blackpill, mainly because Somali diaspora will be the ones calling BSNo one will believe us mate
we need some gulf funded white elephants to make it seem believable
Japan admits overstating economic data for nearly a decade
Prime Minister Fumio Kishida expresses regret over practice that could dent trust in official statistics.
This surge is probably due to the ending of north-south traffic by the war in Sool. This gain is probably all container traffic that used to go to Ber
A deal with some Chinese construction SOE to give the largest cities a facelift could be a very investment. Building sidewalks, installing streetlights, building trash incinerators, creating a beach walk in Mogadishu, Kismayo & Bosaso, planting palm trees, etc…
Appearences matter. Compare the dingy Accra & Lagos to Nairobi and Addis. West African countries that are better off than East African states have in comparison terrible looking large cities. I’m sure that this effects FDI.
Blackpill, mainly because Somali diaspora will be the ones calling BS
we need some gulf funded white elephants to make it seem believable
Japan admits overstating economic data for nearly a decade
Prime Minister Fumio Kishida expresses regret over practice that could dent trust in official statistics.www.aljazeera.com
A deal with some Chinese construction SOE to give the largest cities a facelift could be a very investment. Building sidewalks, installing streetlights, building trash incinerators, creating a beach walk in Mogadishu, Kismayo & Bosaso, planting palm trees, etc…
Appearences matter. Compare the dingy Accra & Lagos to Nairobi and Addis. West African countries that are better off than East African states have in comparison terrible looking large cities. I’m sure that this effects FDI.
chinese capital seems much more expensive these days, late aughts to 2016 seemed like a golden era for african urban development. we missed out on that sadly . also somalis just dont trust chinese engineering. ironically the chinese roads built during kacaan lasted longer than the italian built ones but that was before the chinese lowered the bar for their own industries
it looks like local companies such as buruuj and turks will own the urban construction scene. turkish engineering is reliable but they arent as quick and cheap as chinese. a good middle ground is leaving the boring mundane shit to the lowest bidder and the towers and flashy projects to the turks or anyone not chinese. parks and greenspace should be left to the government so they can milk some environmentalism PR
It may be a good idea to bring in Indian construction companies. They are surprisingly efficient and quite cheap, best example imo os that road construction costs in India are still below $1 million per km!
Somali local construction is incredibly expensive and the quality is abysmal outside of a few projects in Xamar or Hargaysa.The opportunities for monopoly in the construction market in Somalia are huge if you have capital and understand the particular market in question. There is a guy in Galkayo who does rebar work for most of the city with a crew of desis, never out of work. It’s just that the market/demand is so small it does not attract the best Somali businessmen let alone foreign ones.
Turks have low costs by western standards but they are expensive by 3rd world standards. The quality is very good though.
It’s expensive cuz they import everything, Somalia needs to set up concrete factories
generally partnering with india on development and trade is a very good idea all around, but that would bring with it the issue of having a lot more indians in the country. can you trust somalis/indians to not be xaasid to each other?? whatever that future brings is objectively better than the current situation either way
