The Investment Promotion Office (SOMINVEST) at the Ministry of Planning, Investment and Economic Development is a statutory body established under Article 6 (sections 1-8) of the Foreign Investment Law of 2015 to: promote foreign investment; rebrand Somalia; facilitate investment entry and retain; and continuously advocate for improved investment policies.
SOMINVEST focuses on sector-specific investor targeting and development of new partnerships to enable sustainable investments in Somalia.
1,200
Foreign Investors in Somalia
10
Key Sectors
25
Sectoral Events
80
Investors Supported in 2019
10
SOMINVEST Offices
Main Objectives
Promote Foreign Direct Investment flow to Somalia.
Develop and maintain scientific investment related data that can aid investors make smart choices to invest in Somalia.
Establish investor outreach platforms and missions to facilitate investor entry.
Execute a robust communication strategy to position Somalia as a favorable investment destination.
Provide Aftercare support and dispute avoidance/resolution mechanism to improve investor experience.
Offer policy advocacy and support across the investment cycle.
Vision
” To Promote and Sustain Direct Foreign Investment flow to Somalia”.
Mission
” SOMINVEST will endeavor, through the use of cutting-edge technology and strategies, to promote Investment flow to Somalia; re-brand Somalia; facilitate and support investor entry and retention; and continuously advocate for an investor friendly eco-system “.