By Shire Abdi - Reporter
Somalia, May 6, 2026 Somalia’s investment promotion agency SOMINVEST and Türkiye held high-level talks aimed at strengthening economic cooperation and increasing investment flows between the two countries, officials said on Wednesday.
SOMINVEST Director Mohamed Dubo and his delegation met Türkiye’s ambassador to Somalia, Alper Aktaş, along with members of the embassy’s economic team, to discuss new investment initiatives and opportunities for private sector collaboration.
The discussions highlighted Türkiye’s growing economic presence in Somalia, where Turkish companies operate in sectors including infrastructure, construction, logistics, manufacturing and port management.
Trade between Somalia and Türkiye exceeded $380 million in 2024, according to United Nations trade data, while Turkish investment in Somalia has reached around $100 million, based on figures from Türkiye’s foreign ministry.
Turkish firms also manage strategic assets including Mogadishu’s main seaport and international airport, playing a key role in Somalia’s economic recovery and modernization efforts.
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SOMINVEST officials said the meeting focused on improving Somalia’s attractiveness to foreign investors and accelerating bilateral frameworks designed to support Turkish private sector participation and increase trade flows.
“Türkiye’s continued commitment reflects confidence in Somalia’s economic potential,” Dubo said after the meeting. “We are focused on translating this partnership into investments that create jobs and support long-term growth.”
Aktaş said Turkish companies increasingly view Somalia as a promising market due to improving infrastructure and expanding business opportunities.
“We will work together to strengthen Somalia’s image as a credible and attractive investment destination,” he said.
SOMINVEST said it would continue efforts to attract foreign and domestic investment while strengthening strategic partnerships aimed at supporting Somalia’s economic transformation.