10 Best Places to Invest in Somalia This Decade

[CismanMaxamud1]

Worst comes to worst, Somalia still stands to gain more in the next year alone than at any other period in its modern history if the talk of oil materializes into production. Already we’ve reported the rising demand for hotel rooms as well as other luxury commodities in key cities like Bosaso, so let’s dig deeper and see where else money will be exchanged in heavy doses and why.

10. Sinujif – this tiny settlement, south of Garowe some miles, was the site of a Conoco well in the 1980s and may be the sight of the anticipated Nugaal drilling program

9. Qardho – it’s the largest town on the Dharoor valley, the site of the historic Shabeel-1 site, and will certainly see a boom if we haven’t already reported one

8. Gara’ad – on the coast of Mudug, this tiny pirate hub was the site of possible Chinese wells, and looks to be a major prospect for offshore oil

7. Hargeysa – as Somalia’s second biggest city, its business community and markets would certainly feel the positive impact of oil production in neighboring Puntland region

6. Karin – this small Oasis town, southwest of Bosaso, will serve as a very promising resort area for the wealthy

5. Mogadishu – undoubtedly, as Somalia’s capital and largest city it will gain the most from international attention as peace looms – oil or no oil

4. Eyl – recently cleansed of pirates and injected with international donor money for its roads, this town is rumored by some to be an end site for a pipeline in the Nugaal valley

3. Iskushuban – this scenic oasis town is the nearest major settlement to the Shabeel-1 well and will likely be made into a major food production area for employees in the growing region

2. Garowe – serves as the capital of the new federal state of Puntland, and sits on its own massive oil wealth doubling the Dharoor valley’s estimated reserves

1. Bosaso – Puntland’s largest city and main port, and Somalia’s third-largest city and market, Bosaso is already equipped with a still-growing oil storage facility, and will be the end site of the pipeline that serves the Dharoor valley once production begins; the city is already experiencing a massive boom and has taken attention away from Somalia’s other markets in Hargeysa and Mogadishu

In the next ten years, Somalia’s future billionaires will be made in these cities, and its future millionaires everywhere else. Getting into key services or real estate investment today is the fastest way to wealth in the nation’s anticipated resource economy.

The patriarch of the Bin Laden family, Mohamed Bin Laden, was a low-wage laborer from Yemen during Saudi Arabia’s early production years, and within a generation he built that nation’s largest non-royal business empire–it should serve as a lesson for those Somalis who believe the task is too daunting when the pickings are so easy.

http://dissidentnation.com/10-best-plac ... is-decade/