The “Blue Economy” study illuminates the untapped economic potential of Somalia. The country’s extensive coastline, measuring 3,333 km, endows it with a strategic position in global trade. The study underscores the potential for transforming Somalia’s coastline into a thriving logistics hub, given the country’s diverse resources, including fisheries, oil and gas, and vast opportunities in renewable energy. By addressing critical infrastructure deficits and fostering collaboration between the government and private sectors, Somalia can leverage its geographical advantages to boost trade, attract investments, and generate sustainable economic growth.
This study examines the current state of key sectors and presents actionable recommendations to facilitate the development of Somalia’s blue economy. It draws upon the experiences of successful countries to provide a framework for Somalia’s economic transformation. For those seeking to understand how Somalia can utilize its coastal resources for a prosperous future, this study is an invaluable resource.
For details, please download the full study by clicking the link below.
