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Puntland Industries Topic

Dedicated for Puntland politics and affairs.

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Righteous
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Puntland Industries Topic

Postby Righteous » Sun Aug 03, 2014 1:18 pm

Motor Parts Factory, Location: Bosaso Owner: Xalwo Kismaayo


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Righteous
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Re: Puntland Industries Topic

Postby Righteous » Sun Aug 03, 2014 1:20 pm

Bosaso Tannery



"This is Bosaso Tannery production centre. This is a paddle processing a 1000 sheep skin in dehairing stage.this tannery is the only tannery operating all in Somalia."

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Re: Puntland Industries Topic

Postby Righteous » Sun Aug 03, 2014 1:21 pm

Oxygen Tanks Factory: Gaalkacyo




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Re: Puntland Industries Topic

Postby Righteous » Sun Aug 03, 2014 1:27 pm

Drinks Factory, Ilo Taango, Bosaso


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Last edited by Righteous on Sun Aug 03, 2014 1:29 pm, edited 1 time in total.

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Re: Puntland Industries Topic

Postby Righteous » Sun Aug 03, 2014 1:28 pm

Shampoo Factory, Bosaso


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Righteous
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Re: Puntland Industries Topic

Postby Righteous » Sun Aug 03, 2014 1:32 pm

Fishing Exportation

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Re: Puntland Industries Topic

Postby Righteous » Sun Aug 03, 2014 1:37 pm

Habo Tuna Factory, Bari



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Re: Puntland Industries Topic

Postby Righteous » Sun Aug 03, 2014 1:45 pm

Date Farms, Location: All of North Bari


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Re: Puntland Industries Topic

Postby Righteous » Sun Aug 03, 2014 1:49 pm

Bulaal Cement Factory, Should be open late this year Location: Bosaso


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Re: Puntland Industries Topic

Postby Righteous » Sun Aug 03, 2014 1:52 pm

SaxanSaxo Paper Towel and toothpick Factory, Garowe



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Re: Puntland Industries Topic

Postby Righteous » Sun Aug 03, 2014 2:14 pm

Water Purification Factory, Gaalkacyo

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Re: Puntland Industries Topic

Postby Righteous » Sun Aug 03, 2014 2:40 pm

Jubba Water Factory, Garowe

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Re: Puntland Industries Topic

Postby Righteous » Sun Aug 03, 2014 4:23 pm

Agriculture, according to FAO, Puntland has great soil, with the correct techniques, Puntland can be completely self-sufficient and won't need to import from the South anymore in the near future. The Ministry of Agriculture has empowered many farmers across the state to sell their produce on local markets.



Roox Farms, Mudug



Bosaso Farms



Nugaal Farms

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Bosaso has actually seen a massive boom in farmland, look at the images below;


2006, a desert.

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2011, West Bosaso, over a 100 acres of Irrigated farmland

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Re: Puntland Industries Topic

Postby Righteous » Sun Aug 03, 2014 5:01 pm

Livestock Exportation, Bosaso. One of the busiest ports in Somalia due to low taxes and business friendly atmosphere.


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Re: Puntland Industries Topic

Postby Righteous » Sun Aug 03, 2014 5:05 pm

'We Are Open For Business"

(Somali Economic Forum article)

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SEF London - Puntland recently elected Dr Abdiweli Ali Gaas to become the fourth president of Puntland since its inception in 1998. Puntland is located in the North East of Somalia and is considered far more stable than other parts of Somalia. Puntland’s capital is Garowe but its commercial capital is Bosaso and its accompanying port. In recent years; Puntland’s security forces have succeeded in vigorously combating piracy. Puntland possesses a relatively mature political structure which has been developed for the past 16 years and a robust, rapidly growing economy. Observers of Somalia’s political structure have praised Puntland as it was a key stakeholder and supporter of Somalia’s transition to federalism through the landmark Garowe Principles signed in early 2012.

During his inauguration speech; President Abdiweli Gaas touched on his long term vision for Puntland and considering his economist background it was no surprise to see that he focused on Puntland’s economic potential. He touched on how the principal aim is for Puntland to be self-sufficient through its natural resources, which observers have long claimed Puntland possesses in abundance. Indeed, Puntland was the first region in Somalia to begin oil exploration and through its collaboration with Range Resources, oil production is expected to begin later this year. Puntland’s successive governments have recorded statistics to ensure a greater overview of the regions’ economy and this includes the collection of Puntland’s GDP, GNP, Consumer Price Indicies statistics aswell as up to date Census figures. These critical statistics and economic indicators are then outlined in the 5 year Puntland National Development Plan (PNDP). These economic statistics are compiled by Puntland State University (PSU) in conjunction with the UNDP and as Professor of Economics; Mohamed Samatar of PSU stated; “it has eased economic policy making and made it more efficient for successive governments”.

In addition, President Abdiweli Gaas in great depth outlined the importance of enticing Foreign Direct Investment and protecting the interests of foreign firms through the constitution and enshrined through legislative means. He also touched on the necessity of developing Puntland’s infrastructure and in particular ports as Puntland has a long coast. Bosaso port is seen as the economic engine of Puntland and amongst economists it is considered more competitive and less bureaucratic than both Mogadishu and Berbera ports, yet, it requires FDI to keep pace with both ports. This investment sought for Puntland’s infrastructure has proved fruitful in recent years, a prominent example being Kuwait’s planned $10 million expansion of Bosaso International Airport.

Dr Abdiweli Gaas proclaimed Puntland “open for business” and there’s no doubt that this is the case as investors have recently shown an interest in investing in Puntland’s burgeoning economy. "


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