Seoul(Mogadishu24)-Somali Prime Minister, Hamza Abdi Barre delivered a compelling keynote address at the 2024 Korea-Africa Summit today, emphasizing the critical themes of shared growth, sustainability, and solidarity between the Republic of Korea and African countries. His speech highlighted Somalia's potential for collaboration and investment, marking a significant milestone in the nation's path towards stability and economic development.
Prime Minister Barre underscored Somalia's promising landscape for Korean businesses, particularly in sectors such as natural resources, agriculture, and renewable energy. He pointed to recent strides in stability and economic progress as pivotal factors that make Somalia an attractive destination for investment.
Somalia's Strategic Position and Economic Prospects
Prime Minister Barre also highlighted Somalia's strategic location at the crossroads of Africa and Asia, offering unique advantages for economic and trade partnerships. He mentioned Somalia's recent accession to the East African Community (EAC) as a key development, enhancing the nation's potential as a gateway to the East African market, which boasts a combined population of over 300 million people.
