I was in Mogadishu last yr from July to December and to tell u the truth Land Speculators were making a kill. Yesterday i was told a land on the K4-Airport road was sold on amount of one Million US Dollar.
A decent Vila in Bulla Hubey area was changing hands in abt 50k.
But if u are a businessman, that is not where the business is, there is heavy construction going in the country and no viable construction firm exits. there also large public projects including roads, airports and ports as well as government facilities have to be rehabilitated. Construction materials is also needed in large quantities. I remember when Istanbul municipality asked the availibility of 15,000 Mt of cement, biz ppl have to say that they will get from Dubai.
Bubble bust on its way. It is like the somali currency; its value against the dollar and other currencies reflect the cost of printing.
Executive (Mr. Post graduate), war ninyahow isku xishoo! You are intellectually bankrupt as regards this issue.