By HAN News Desk
MOGADISHU – President Hassan Sheikh Mohamud has officially inaugurated the Banadir Steel Factory, a major new industrial facility dedicated to producing construction steel from recycled scrap metal. The launch marks a significant step in Somalia’s efforts to revive local manufacturing, reduce import dependency, and promote sustainable economic growth through industrialization.
The president, accompanied by senior government officials, toured various sections of the factory and praised the management for their commitment to investing in Somalia’s future. He underscored the importance of domestic production, noting that Somalia must reclaim its industrial capacity after decades of reliance on imports caused by years of conflict and instability.
“I congratulate the young Somali entrepreneurs who took the bold step to invest in their homeland,” President Hassan Sheikh said during the inauguration ceremony. “This factory has already created jobs for over 400 people and their families, contributing directly to our goal of economic recovery, job creation, and national self-sufficiency.”
The Banadir Steel Factory, located in the industrial outskirts of Mogadishu, uses modern recycling and manufacturing technology to process discarded metals into high-quality rebar and other construction materials. It is expected to play a key role in meeting the growing demand for building materials as Somalia’s reconstruction and urbanization accelerate.
President Hassan Sheikh emphasized that the Federal Government is firmly committed to supporting local investors through favorable policies, technical assistance, and access to infrastructure. He urged more Somali entrepreneurs—especially those in the diaspora—to return home and contribute to national rebuilding efforts.
“We want our diaspora investors to bring their knowledge, technology, and capital back to Somalia,” he said. “Together, we can rebuild what was lost over the past 30 years and achieve full economic independence.”
The president also highlighted the government’s ongoing industrial development strategy, which focuses on reviving local production, promoting renewable industries, and creating employment opportunities for Somalia’s youth. He further stressed the need for strict safety standards and quality control in all factories to ensure both worker protection and product excellence.
“As we build industries, we must prioritize worker safety, product quality, and environmental sustainability,” he added. “Factories like Banadir Steel represent the new face of Somalia—resilient, innovative, and forward-looking.”
Economic analysts have described the inauguration as a turning point for Somalia’s private sector, noting that the establishment of locally owned factories can help reduce the country’s dependence on imported construction materials and keep more capital circulating within the national economy.
The Banadir Steel Factory is expected to expand its operations in the coming years to include other building-related materials such as iron sheets, metal pipes, and construction tools, helping Somalia move closer to achieving a self-sustaining industrial base.
The ceremony ended with the president meeting workers and engineers at the plant, reaffirming the government’s commitment to support similar industrial initiatives across the country as part of Somalia’s broader vision for economic transformation and sustainable development.
