SomaliNet Forums

Turkish deputy PM says Turkey will encourage businessmen to invest in fishing, agriculture and construction in Somalia
World Bulletin / News Desk
Turkey’s investment in Somalia has reached around $100 million, Turkish Deputy Prime Minister Lutfi Elvan said Monday.
“This number should be accepted as a beginning,” Elvan said during his speech at the Turkey-Somalia Business Forum held by the Foreign Economic Relations Board of Turkey (DEIK) in Istanbul.
Turkey has been one of the most visible foreign countries to help war-torn Somalia rebuild its crumbling infrastructure.
Ankara has launched various development and infrastructure projects in the country in recent years, ranging from health and sanitation projects to the construction of roads and buildings.
Turkey will encourage "entrepreneurs to make investments in fishing, construction and agriculture fields in particular in Somalia,” Elvan said.
“We believe in Somalia’s development with all our hearts. We have decided to stand together with Somali and its people,” he added.
Turkey's trade volume with African countries has increased to $19.4 billion in 2015, while it was only $4 billion in 2000, Omer Cihad Vardan, president of Foreign Economic Relations Board of Turkey, said at the forum.
“We, as businessmen, will always support our brothers in order to establish a peace and a government in Somalia,” Vardan said.
“We are ready to give every kind of support in order to make Somalia’s resources to be used in its economy,” he added.
Turkish aid agencies are also very active in the country.
Turkey’s Humanitarian Relief Foundation (IHH) has built more than 6,000 wells in Africa since 1992, according to the foundation’s deputy chairman, Hasan Aynaci.
According to the UN, more than 13 million people across the Horn of Africa have been badly affected by drought and more than 4.7 million in Somalia are in need of humanitarian assistance.

By my calculation out of the 19.4 billion turkey invested in africa 0.5% went to us.

Relatively speaking that's breadcrumbs.

By my calculation out of the 19.4 billion turkey invested in africa 0.5% went to us.

Relatively speaking that's breadcrumbs.

Tell us your calculations, and how you came to the sum of 0.5%.

Turkey is like China they always benefit at the expense of others.

By my calculation out of the 19.4 billion turkey invested in africa 0.5% went to us.

Relatively speaking that's breadcrumbs.

Tell us your calculations, and how you came to the sum of 0.5%.

100 Millions
19.4 Billions
-----

(100,000,000/19,400,000,000) * 100

(1/194) * 100

100/194

0.52%

By my calculation out of the 19.4 billion turkey invested in africa 0.5% went to us.

Relatively speaking that's breadcrumbs.

Tell us your calculations, and how you came to the sum of 0.5%.

100 Millions
19.4 Billions
-----

(100,000,000/19,400,000,000) * 100

(1/194) * 100

100/194

0.52%

You have a fair point , seeing as I have to spell it out for you sarcastic jokers.

What I should have asked is where he got those figures, any credible sources?

China should be brought into Somalia too

China should be brought into Somalia too

We need to court the chinese and make strategic friendship,uncle SAM USA is very reluctant to help us.

Magaalada Muqdisho waxaan ka dhisnay safaarada ugu weyn safaaradaha aan ku leenahay dibada, waxaan kale oo aan dhisnay Muqdisho Isbitaalka Tababarka iyo Cilmibaarista oo ah isbitaalka ugu weyn geeska Africa. Dhawaan waxaan furi doonnaa isbitaalka hooyada iyo dhallaanka oo lahaan doono ilaa iyo 100 sariir.’’ Ayuu yiri madaxweynaha Turkiga.

Sidoo kale madaxweynaha Turkiga oo kasii sheekeynaya dhinacyada ay Soomaaliya ka taageereen ayaa sheegay in ay dalka Soomaaliya u fidiyeen deeq waxbarasho oo ay ka faa,iidesteen ilaa iyo 1,000 arday oo Soomaalia ah, isaga oo intaasi raaciyey in ay wadaan howlaha dib u dhiska dalka.

Tell us your calculations, and how you came to the sum of 0.5%.

100 Millions
19.4 Billions
-----

(100,000,000/19,400,000,000) * 100

(1/194) * 100

100/194

0.52%

You have a fair point , seeing as I have to spell it out for you sarcastic jokers.

What I should have asked is where he got those figures, any credible sources?

I just answered the question sxb. He'll have to tell us where he got the numbers.

There are about 400 Turkish companies in Addis Ababa and no more than 3 in Mogadishu.

Turkey invested $3 billion in ET over 14 projects with the almost 400km Awash-Weldia Railway Project being the largest Turkish project in Africa ($1.7 billion). It will be completed next 2018.

The Turks know where to go; population and resources.

Don't see Turkey going Somalia crazy.

Let get this straight turkey has so invested and profited in africa 19.4 billion dollars so far and zoomalia is only receiving 0.0051546392% of it that's nothing it's chump change, why haven't they look for other aid from other nations besides turkey is that the only available option.

.005 that's not even one percent.

They only invested in 1 city which is more than enough.
100 million is not small, that's like 1/3 of our whole budget. It's a big deal for a 3 world city.

They only investing in xamar that's it damnn zoomalia is really a failed state if they got put all their eggs in one basket.

What happened to rest of the country all these koons talk about this enclave of xamar that's it, what happened to kismayo, badhaybo, garowe and the rest of zoomalia is it chop liver.