What industries

[Yukon_Niner]

Are going to be relevant in Somalia a decade from now? Oil is a pretty obvious one but I wouldn't want anything to do with it unless it's just stocks. Plus oil probably won't be profitable the more the world goes green.

Telecommunications seems like a worthwhile industry to start a business in if you have the right qualifications although I've heard it's an industry where competition isn't looked at nicely.

Exporting camel milk seems like a good idea but that would require me buying enough camels from nomads to go against Australia's market.

Other options I've considered include logistics and mining. Before someone says it's dangerous yes I get it but that's not what I truly give a shit about. It's risk means no foreign organisations are dominating the markets.

@TekNiKo @AussieHustler @VixR @Tukraq @Arma @embarassing @Apollo @IftiinOfLife @Arma @SirLancelLord @Crow

Really though what is the quickest way to get rich in Somalia?

 

[Kanini]

I think real estate could be big if we didn't have any security issues. All those beachfront houses that could've been possible

 

[Abdisamad]

Quickiest way to get rich you say.. Sorry but I have to laugh at this last sentence of your long essay

As I'm told Somali is really backward because of the clan division...You see it's hard to develop anything in Somalia because some people are making money in the status quo of the country and if you come in with some new business ideas they'll make sure to stop you.. Including killing you if that does the trick.

 

[Abdisamad]

Now that's said.. If you are in the south you could become a banana export mogul..But this of course requires all the right connections al shabab and Jubaland connections.. The banana fields are located in shabab controlled area and the export port (kismaayo) is controlled by Jubaland administration.. If you can get some good connections then you can make a quick buck

 

[SilentE1001]

3 Industries that we can dominate:

• Energy
• Food
• Water

Energy:

Solar Panels on top of every house & solar plants in the countryside. Wind Turbines placed around coastal areas. And Wave Power in certain places.

Food
We have more land then people more than enough to produce all types of Food ourselves to a level where no Somali ever grows hungry. Greenhouses etc

Water:
Desalination Plants in all coastal settlement

All these industries have a start up cost of no greater than 10k. You start small and slowly build up

 

[Invader]

3 Industries that we can dominate:

• Energy
• Food
• Water

Energy:

Solar Panels on top of every house & solar plants in the countryside. Wind Turbines placed around coastal areas. And Wave Power in certain places.

Food
We have more land then people more than enough to produce all types of Food ourselves to a level where no Somali ever grows hungry. Greenhouses etc

Water:
Desalination Plants in all coastal settlement

All these industries have a start up cost of no greater than 10k. You start small and slowly build up

Is it possible to build hydroelectric dams at the doox.

 

[Ras]

Go for the essentials that people need everyday... food Staples, oil, sugar, charcoal or PNG for heating food and water.

Telecommunication is a closed of industry. Try to even look at it and you'll get shot.

Energy is big but not profitable since there's barely any dependable demand.

Maybe it would work if someone invested hundreds of millions into a small coal plant.

That could bring the prices down by a lot and make a lot of business more viable: metals, manufacturing etc.

So much materials out there in the region we could use but without power they're useless.

 

[Wiilyam Ina Sheekh Zubeer]

I think real estate could be big if we didn't have any security issues. All those beachfront houses that could've been possible

The late Hans Rosling agrees with you.

https://www.ft.com/content/c225ddde-d85b-11e4-ba53-00144feab7de

Not sure how sound the reasoning is, but an interesting read nonetheless.

Why real estate investors should follow global population trends

Changing demographics offer unusual opportunities for those prepared to think long-term

Kate Allen APRIL 10 2015

The best real estate investment in the world today? Beachfront huts in Somalia. That is according to Hans Rosling, a Swedish public health professor and data visualisation pioneer. A statistical geek is an unlikely source of property investment advice but Rosling’s rationale is convincing — and it is one that professional property developers such as Barratt and Klépierre are already putting into practice.

The explanation lies in demographics. All of the world’s forecast 3bn population growth through to 2100 will be urban, Rosling points out; a third will be in Asia, while two-thirds will be in Africa. In economic terms the developed west will grow at 1 to 2 per cent a year through until 2100, while the rest of the world will grow at 4 to 6 per cent. This amounts to a startling global shift in the pattern of trade.

“The Indian Ocean will be the Atlantic of the next generations,” predicts Rosling. As a result, the surf-beaten golden sands that stretch north from Mogadishu will make excellent holidaying territory for the Asian middle classes, several decades hence.

Somalia is a colourful example of an unlikely long-term real estate investment, but it is not the only one. As the world urbanises, it is throwing up a series of new opportunities for those willing to think a little more creatively about where to place their money.

“Particularly in Asia and the Middle East, cities are growing massively and investors are looking for alternatives to invest in,” says Mark Haefele, global chief investment officer at UBS Wealth Management. He references urban infrastructure, housing, food, water and sanitation as all being in great need of investors’ cash. As one example, he cites Asian investors who have begun to buy up Australian dairy farms.

“A lot of new cities need to be built and a lot of transport needs to be fixed and a lot of energy needs to be created,” says Rosling. He sees the greatest opportunities in people’s everyday lives. “The classic source of wealth is to fulfil the needs of ordinary families — housing, education, transport, entertainment — and that need is great in emerging markets,” he adds.

Perhaps the best example is Nigeria, which will be the world’s fastest growing country over the rest of this century, according to projections by the UN. By 2100 its population will have rocketed to nearly 1bn people, from less than 38m in 1950 and 184m today. This will make it the world’s third most populous country after India and China.

Property investment is not just about sheer numbers of people, though. Income levels are also important. The greatest growth in the middle classes is taking place in Asia. By 2030 there will be more than 3bn middle-class people in Asia, according to forecasts by the Brookings Institution, up from 525m today. India will be the world’s biggest consumer, with its middle class spending $12.8tn a year, the Brookings Institution forecasts.

Mogadishu, Somalia

Yolande Barnes, director of world research at Savills, tips Asian holiday resorts as a growth area for investors. “The wealth created in Asia has hit the cities but it hasn’t yet hit the leisure property industry, with the possible exception of Japanese ski resorts,” she says. Yet she cautions about inferring future performance from past history.
"Just because Europeans enjoy lying on the beach doesn’t mean that the Chinese middle class will “

In contrast with Asia, the number of middle-class North Americans is forecast to shrink by 16m, while those in Europe will grow by just 16m. US middle-class consumption is set to fall from $4.4tn annually in 2009 to $4tn in 2030, according to the Brookings Institution. This dramatic shift is partly driven by a general reduction in population levels. China will be the world’s biggest loser; as a result of its one-child policy, its population will shrink by 316m people over the coming eight decades — a fall equivalent in size to the whole of eastern Europe today.

Most of the world’s other shrinking populations are in developed nations. Japan is set to lose 42m people while Germany will see its population shrink by almost 26m, according to UN forecasts — a fall of almost a third. Much of this is due to declining birth rates: the number of young people is dropping in many developed economies.

Europe will see its population of 20- and 30-somethings shrink by a fifth between 2010 and 2020, a 2012 report by Deutsche Bank found. But even in nations whose population is declining, demographic analysis can highlight investment opportunities. Despite shrinking populations and static incomes, opportunities remain in the developed world.

Europe’s shrinking numbers of young people mean there will be less demand for student accommodation, fashion retail outlets, starter homes and gyms, the Deutsche Bank researchers suggest. Meanwhile the continent’s older age groups will create sustained demand for retirement homes, second homes, golf courses, nursing homes and medical facilities, they argue.

Property companies are already acting on this trend. British housebuilder Barratt Developments is refocusing its business plan away from the traditional first-time buyers — young families — and towards older people who want to downsize after their children move out.

Glen Ivy, an ‘active adult community’ in California

It is following in the footsteps of US retirement home developers, who have pioneered “active adult communities” and are now moving into multi-generational living — creating semi-independent space within a larger home to accommodate either grown-up children or grandparents.

Nation-level population trends hide a great deal of local variation, however. “Property is by definition located in one place,” says Yolande Barnes. “There is a world of difference between buying in London and buying in Hull — you might as well be buying in different countries.”

According to the Deutsche Bank researchers, younger people in mature economies are becoming more concentrated in cities, while older people stay in towns and villages.

Klépierre, Europe’s second-biggest listed property company, which specialises in shopping malls, uses demographic analysis to work out where to focus its expansion ambitions and where to sell off assets.

"Demographic growth produces economic growth in a much shorter period of time — both from people moving to the place and people being born there,” says Laurent Morel, chairman of Klépierre.

As an example, he uses Madrid, now Europe’s third-largest city mostly due to a tide of immigration from Latin America and north Africa since the turn of the 21st century, although that trend has begun to reverse since the financial crisis plunged Spain and other eurozone economies into deep recessions.

Despite the ailing economy in its home market, France, Morel’s company is bullish about a handful of areas within the country, particularly eastern Paris, Toulouse and Montpellier. In the latter two, the population is increasing by about 100,000 people every five to six years, he says.

“You can afford to build a new shopping centre every time you get another 100,000 people,” adds Morel. “There are six major malls in Toulouse and we own four, and we’ll continue to build our presence in such areas.”

A shopping mall in Toulouse is a long way from a beach hut in Somalia but, as property investors around the world are finding out, the investment rationale is just the same.

Kate Allen is the FT’s property correspondent

 

[Kanini]

The late Hans Rosling agrees with you.

https://www.ft.com/content/c225ddde-d85b-11e4-ba53-00144feab7de

Not sure how sound the reasoning is, but an interesting read nonetheless.

That's a gem of an article you've found there. He's also right about building other infrastructure other than houses around the area. That could help big time

 

[Ras]

However if you build those beach houses now your 99 year land lease would run out before the civil war does.

 

[Yukon_Niner]

Quickiest way to get rich you say.. Sorry but I have to laugh at this last sentence of your long essay

As I'm told Somali is really backward because of the clan division...You see it's hard to develop anything in Somalia because some people are making money in the status quo of the country and if you come in with some new business ideas they'll make sure to stop you.. Including killing you if that does the trick.

Honestly that was more of a separate question. I'm not dumb enough to believe I can pull a get rich quick scheme although I did consider importing khat. But then again I don't want to die.

Go for the essentials that people need everyday... food Staples, oil, sugar, charcoal or PNG for heating food and water.

Telecommunication is a closed of industry. Try to even look at it and you'll get shot.

Energy is big but not profitable since there's barely any dependable demand.

Maybe it would work if someone invested hundreds of millions into a small coal plant.

That could bring the prices down by a lot and make a lot of business more viable: metals, manufacturing etc.

So much materials out there in the region we could use but without power they're useless.

How about logistics? Storage and the movements of goods seems to be pretty low in Somalia. The biggest problem would be a lack of roads, infrastructure and terrorists/banditos.

Seems worthwhile and manageable with a light aircraft.

 

[Ras]

Honestly that was more of a separate question. I'm not dumb enough to believe I can pull a get rich quick scheme although I did consider importing khat. But then again I don't want to die.

How about logistics? Storage and the movements of goods seems to be pretty low in Somalia. The biggest problem would be a lack of roads, infrastructure and terrorists/banditos.

Seems worthwhile and manageable with a light aircraft.

Those airplanes are only for valuable cargo. Not a great transportation option even for khat.

That's unless you have some Russian pilots and engineers with a barely airworthy piece of shit happy to work for only vodka and beans.

One easy business in logistics is cold storage for farmers.

Instead of moving the goods hundreds of miles down to a market place and then immediately selling them you can help them store their produce much neater to their farms and get them to only sell when the price is right.

If you get enough cheap power and scale it up you can expand into food processing.

 

[Wiilyam Ina Sheekh Zubeer]

However if you build those beach houses now your 99 year land lease would run out before the civil war does.

Yeah brother, security is of course the biggest factor. But I still believe that with the emerging importance of the Indian Ocean, Somalia could very well be what the North-American east-coast is within the modern context of the Atlantic. Perth could be London on one end and Mogadishu could be NYC. Let a brother dream!
We already are a member state of the Indian Ocean Rim Association (IORA) imagine if they had a military defence bloc in the style of NATO. I'd name it Indian Ocean Treaty Association (IOTA) if I could.

My point is that Somalis historically played a major role in the Indian Ocean trade and in order to prosper again we need to focus on stronger partnership with the other littoral states, be it security-wise or in terms of trade and development. If we progress regarding security, I think beachfront property won't be that far-fetched of a goal for the average middle-class Somali.


If anyone of y'all has time, watch this talk by Robert Kaplan on the geopolitical importance of the Indian Ocean in the coming decades. He explains to some extent how Muslim merchants dominated this region and how Islam spread as a mercantile and sea-faring religion, before the Portuguese, Dutch and later the British influence and dominance came about. As expected he mainly talks about Western interest and curbing China tho, if I remember correctly.
But I think we can benefit from understanding the reasoning in support of the West's need to exert influence.
You can order his book "Monsoon; The Indian Ocean and the Future of American Power" from 2010.

EDIT:
This one is ca. 30 min shorter and for some reason I already like it better, maybe because he starts off debunking the right wing myth of how Islam mainly spread.
Anyway, watch either one, I guess.

 

[TheAnswer]

Try prostitution, op. Probably won't make you rich, but at least you can get started using your family connections.

 

[Ras]

Yeah brother, security is of course the biggest factor. But I still believe that with the emerging importance of the Indian Ocean, Somalia could very well be what the North-American east-coast is within the modern context of the Atlantic. Perth could be London on one end and Mogadishu could be NYC. Let a brother dream!
We already are a member state of the Indian Ocean Rim Association (IORA) imagine if they had a military defence bloc in the style of NATO. I'd name it Indian Ocean Treaty Association (IOTA) if I could.
View attachment 82747
My point is that Somalis historically played a major role in the Indian Ocean trade and in order to prosper again we need to focus on stronger partnership with the other littoral states, be it security-wise or in terms of trade and development. If we progress regarding security, I think beachfront property won't be that far-fetched of a goal for the average middle-class Somali.


If anyone of y'all has time, watch this talk by Robert Kaplan on the geopolitical importance of the Indian Ocean in the coming decades. He explains to some extent how Muslim merchants dominated this region and how Islam spread as a mercantile and sea-faring religion, before the Portuguese, Dutch and later the British influence and dominance came about. As expected he mainly talks about Western interest and curbing China tho, if I remember correctly.
But I think we can benefit from understanding the reasoning in support of the West's need to exert influence.
You can order his book "Monsoon; The Indian Ocean and the Future of American Power" from 2010.

EDIT:
This one is ca. 30 min shorter and for some reason I already like it better, maybe because he starts off debunking the right wing myth of how Islam mainly spread.
Anyway, watch either one, I guess.

That IOTA bloc could also be one way to ward of China and any other power that wants to f*ck around in our neighborhood.

However most the members in South East Asia and east Africa are cucks and already have sugar daddies they report to like China and Britain...

Even India isn't a reliable partners.

Give me any opponents but God please don't give me worthless team mates.

 

[Ras]

Yeah brother, security is of course the biggest factor. But I still believe that with the emerging importance of the Indian Ocean, Somalia could very well be what the North-American east-coast is within the modern context of the Atlantic. Perth could be London on one end and Mogadishu could be NYC. Let a brother dream!

Maybe we could just create a holiday resort just for ourselves.

We don't really need tourists if our own people could cover all the demand.

A 10,000 unit resort near Kismayo could bring in over 100 million a year and that's with just 20-40% occupancy.

That's just covers Less than 1% of the potential demand and it will increase as we get more middle class households.

I'd rather take my kids to Somalia for holidays if a safe resort like it existed and so would at least 10% of the Somali diaspora with money.

The North Africans and Turks in Europe always go back to their countries during the summer.

 

[Waaqo of Punt]

The late Hans Rosling agrees with you.

https://www.ft.com/content/c225ddde-d85b-11e4-ba53-00144feab7de

Not sure how sound the reasoning is, but an interesting read nonetheless.

Hand Rosling is a genius. I've studied his books and statistical research, gap minder, that website he created is amazing. Anyone wishing to see any trends of development in any country should use that website. Go watch his Ted talks too.

https://www.gapminder.org/tools/#$s...;;&opacitySelectDim:0.32;;&chart-type=bubbles

That's the link to gapminder, learn to use the maps and experiment, it shouldn't be too hard. You'll see some interesting trends...

And about the article, when he said:

“The Indian Ocean will be the Atlantic of the next generations,” predicts Rosling. As a result, the surf-beaten golden sands that stretch north from Mogadishu will make excellent holidaying territory for the Asian middle classes, several decades hence."

he was so right, adding to the fact that now we know there's 100 billion barrels of oil under the soil.

@Kanini

 

[Lostbox]

Quickiest way to get rich you say.. Sorry but I have to laugh at this last sentence of your long essay

As I'm told Somali is really backward because of the clan division...You see it's hard to develop anything in Somalia because some people are making money in the status quo of the country and if you come in with some new business ideas they'll make sure to stop you.. Including killing you if that does the trick.

Why?

 

[Ras]

territory for the Asian middle classes, several decades hence."

Was he cursing us?

 

[Ras]

Why?

Actual economy = sufficiently funded government = accountability and rule of law = they lose all their illl gained wealth (farms,.Land etc)