SOMALINET NEWS ...Archives
BUSINESS ATTRACTION IN PUNTLAND, SOMALIA April 29, 2005
Bossaso city has become a magnet for foreigners who want to invest in Africa. This week alone, there are about half a dozen business people representing Chinese and South Korean corporations in the city. These representatives and others who frequent Puntland want to invest in the region and expand their business to this part of the world. Interested people include wealthy business men from the Middle East.
Puntland (North Eastern Somalia) has not been touched by the country’s civil war and has remained stable after the fall of Somalia’s central government in 1991. It lies on the tip of East Africa and borders Indian Ocean and Red Sea.