‘Focus on Somalia to penetrate African markets’

Pakistani investors should explore Somalia for joint ventures as Somalia was looking for foreign investment


Our Correspondent November 30, 2017
PHOTO: REUTERS

ISLAMABAD: Somalia’s Ambassador to Pakistan Khadija Mohamed Almakhzoumi said on Wednesday that Pakistan should focus on Somalia to penetrate Africa’s growing market.

Interacting with the business community at Islamabad Chamber of Commerce and Industry (ICCI), she said that Pakistan can capture a market share in Somalia by exporting quality products at affordable prices. She said that both countries should focus on specific areas to improve bilateral trade.

She said Pakistani investors should explore Somalia for joint ventures and investment as Somalia was looking for foreign investment in various sectors including energy, infrastructure development, environment, construction, healthcare and others. ICCI President Sheikh Amir Waheed said bilateral trade between the two countries was quite nominal which needed serious efforts from both sides for improvement.

Published in The Express Tribune, November 30th, 2017.

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