Opportunities in Agriculture
Agriculture Sector is the mainstay of the economy.
As of 2013, the sector contributes 40% to GDP, forms 50% of Somalia's export earnings. Agricultural sector is not only the driver of Somalia's economy but also the means of livelihood for the majority of Somali people. The sector comprises of crop production, livestock, and forestry. Somalia's Agricultural exports are classified into traditional (Livestock, Banana and Sesame Seeds)..
There are joint venture opportunities for foreign investors seeking local counterparts, Sugar and Cotton processing factories have been earmarked by local Companies. Somalia's competitive advantage as an investment location for agriculture is supported by various investor friendly factors that include:
- Availability of a well-established export market for agricultural products
- Highly underinvested sector
- Availability of affordable labour and agricultural land