MOGADISHU — Somalia’s President Hassan Sheikh Mohamud on Monday met a delegation of Italian business leaders and investors in Mogadishu to discuss expanding trade and investment cooperation between the two countries.
The meeting, held at the presidential palace, brought together senior Italian executives representing companies in industry, infrastructure, and investment sectors. The Italian ambassador to Somalia also attended the discussions.
The delegation is in Mogadishu for a Somalia–Italy business and investment cooperation forum aimed at exploring emerging economic opportunities in the country.
President Mohamud welcomed the delegation and said Somalia was making progress in security stabilization, economic recovery, and efforts to create a more favorable environment for foreign investment.
He encouraged investors to consider opportunities in key sectors including infrastructure, energy, fisheries, agriculture, manufacturing, and social services, according to a statement from the presidency.
The president said the government remained committed to improving the business climate and strengthening international economic partnerships that support job creation and sustainable development.
Italian business representatives expressed interest in exploring investment opportunities in Somalia, citing the country’s untapped markets and ongoing development initiatives.
The meeting comes as Somalia seeks to attract increased foreign investment and deepen economic cooperation with international partners amid efforts to rebuild its economy after decades of conflict.
