Mogadishu – 29 November 2025

On behalf of the Somalia Investment Promotion Office (SOMINVEST) at the Ministry of Planning, Investment and Economic Development, I extend my sincerest congratulations to the Federal Government of Somalia, the Upper and Lower Houses of Parliament, and the people of Somalia on the historic passing of the new Somalia Investment Law (2025).

The journey to this landmark legislation has been long and arduous, reflecting the perseverance of countless individuals who have worked tirelessly to realize this vision. A draft investment bill was first tabled before the Somalia Cabinet in 2019, and the final version, now passed by Parliament, is a testament to the dedication of all involved.

I extend my profound gratitude to the Minister of Planning, Investment and Economic Development, Mahmoud A. Sheikh Farah (Beenebeene), for his unwavering commitment to this cause. His leadership has been instrumental in steering this legislation through the complex parliamentary process and overcoming numerous challenges.

Once assent into law by H.E. Dr. Hassan Sheikh Mohamud, the President of the Federal Republic of Somalia, this law will send a powerful message to the world that the resourceful Somalia is truly open for business.

This legislation is a beacon of hope and a catalyst for change, bringing several key benefits:

• Strengthened Governance Framework: The law establishes a robust national investment governance framework, led by the National Investment Council (NIC) as the supreme investment policy-making organ. This creates clear and consistent national investment regulatory and institutional frameworks. Furthermore, the law formally establishes the Somalia Investment Agency (SOMINVEST) to Coordinate, facilitate and support international as well as domestic investments.
• Reduced Bureaucracy: the law establishes mechanisms like one-stop shops to streamline investment procedures and increase transparency, making it easier for both domestic and foreign investors to operate, in line with international best practice.
• Economic Diversification: The law prioritizes key sectors such as agriculture, livestock, fishing, finance, energy, health and education to help unlock Somalia’s natural and human resources for productive use and sustainable development.
• Promotion of Sustainable Growth: By attracting investment and creating jobs, this new law will help reduce poverty and foster long-term economic stability and self-sufficiency across the nation.

We at SOMINVEST are confident that this legislation will unlock new opportunities, drive job creation, and foster sustainable economic growth for all Somalis. We look forward to working with our partners and investors to build a prosperous and resilient future for our beloved nation.

Sincerely,

Mohamed Dubo

Director, Somalia Investment Promotion Office (SOMINVEST)