Background: Somalia and Puntland
Located in the Horn of Africa, adjacent to the Arabian Peninsula, Somalia geographically lies in a very advantageous region, bordering both Indian Ocean and the Red Sea. The country has an estimated population of about 10,085,000 million of which 68% in rural areas, with a total land area of 637 660 km2, has the longest coastline of 3300 km in Africa. It shares border with Kenya, Ethiopia by Djibouti.
The modern history of Somalia constitutes over 1000 years, and the Trade role model in Horn of Africa countries, Trade relationship with Arabian & Asians. Years for independence of colonize, also role model of freedom participation forAfricacountries. After liberty, Somaliahad a democratic government but mostly military rule. Since 1991 Somalia State Government Collapse, Chaos, and Drought are taken in place and heavy environmental damages; after the collapse of the Somali central government in 1991, the coast was left unguarded against foreign intruders, illegal dumping of industrial hazardous waste in the sea and coastline areas by outsiders. Despite being politically disintegrated, Somali has culturally and ethnically homogeneous society. After 14 years of collapse, the Somali state government is, however, now re-established at the Peace Conference in neighboring country, where a Transitional Parliament and an interim President were elected in August 2004. Emerging out of a decade of civil war and state collapse, New Somalia is at a crossroad to deliver solutions for all via the Roadmap.
Somalia have good natural potential resources, this can be realized with peace and stability. Today Somalia needs a General Master Recovery Plans for social and environmental economy development. The realistic Master Plan Projects we estimated up to Billions dollars. The country can refund it in respectably manner with international community cooperation. Somalia’s economic development has been surfacing. As the result of inadequate government support and administration, Somalia’s private sector has grown considerably, particularly in the spheres of trade, commerce, and infrastructure. Private participants have also extended their contribution to the primary sectors, in private investment projects. The Somalian financial system recognized by international trade analysis agencies, the expertise reported the stated of Somalia’s service industry is thriving, even with the security issues of these favorable changes. Despite facing difficult situations, Somalia fares better than several African nations in terms of economic potential and infrastructure, according to the World Bank. What the nation needs is a stable and able government that is able to capitalize on its economic potential.
Somalia is a land with commercial position and it has an enormous potentials resources. The safeties matter, take that top foreign investor as Canadian, UK Australians (Africa Oil Corp), Turkish (rebuild & recovery), Dubai (Investors) as well Chinese are invested and they all encourage their private enterprises to invest in Somalia at the peaceful areas. They all realize if the local government, traditional and private sectors can protected development projects from INGO & NGO it can be invested. In addition, to do more can be great improved the government stabilities, social and environmental care. These countries have become win-win partners and they are leading parties for who might interested to invest in Somalia.