Puntland investment and opportunity.
(Budulyare )
Puntland State is located in the heart of Somalia. It has a good advantage point for linkages in whole Somalia, Somali Region of Ethiopia and the Gulf Arab Countries with the following characteristics:
Political stability to secure long term investment
Strong and functioning government institutions that upholds the rule of law and good governance
Rich in natural resources and various mineral deposits
Key strategic location and logistics hub (Bab el-Mandeb and routes through the Red Sea and Suez Canal)
Puntland’s business capital has two international port ( Bosaso port and Gara,ad Port), with easy access to the external world.
Availability of good road network systems;
Air network at two international airports in Bossaso and Garowe with capacities to accommodate large aircraft for Cargos. A number of airstrips exist in other districts;
Availability of fibre optic cable system for high-speed internet connectivity.
Low Labour Costs and 70% young population below the age of 30
Wide Market Access
Favourable Investment Policies/laws
Favourable Investment Climate
Vibrant and growing private sector
There is also a Chamber of Commerce in place within the State.
