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Investment Policies and incentives

Potential and fertile conditions for private investment in Somali Regional State

Following launching of the 1992 Ethiopia's free market policy, the federal government of Ethiopia and the Somali Regional State has been taking a wide range of Economic reforms for the past 18 years aiming at promoting economic liberalization and encouraging private investments.  This can be reflected through the government supportive policies, rules and regulations, incentives, adequate guarantee and protection, through infrastructural facilities, transparent service including land facilities and service delivery. Especially the regional government is doing its best to strengthen its support to the private sector by designing private investment development program aimed largely to enhance the role of the private sector in the regions socio-economic development activities, in parallel by the expense of the regional government, more than 300 project ideas has been identified, out of which 50 project profiles are ready for investors. For better information the regions investment potential, supportive policy and regulations, incentives and other fertile conditions are stated below.

Somali Regional Investment Agency

 The Somali Regional Investment Agency is the responsible government body which:-

  • Issue investment certificate for local investors for investment projects to be made by an individual person or businesses organizations.
  • Renew permits where satisfied

In collaboration with concerned zones, districts  and urban administration executive organs, facilitate the allocation of land for approved investments.

  • In collaboration with concerned body provides land-holding certificate.
  • undertake promotional activities
  • provide consultancy service to investors on possible areas of investment.
  • provide information on investment opportunities of the region.

Objectives of Investment policy of the Somali regional state

  1. To accelerate the economic and social development activities of the region.
  2. To exploit and develop the immense natural resources of the region.
  3. To increase and expand the production and the social service of the region.
  4. To promote the increase of quality variety and volume of production and export as well as to increase the country and the state revenue.
  5. To render the investors understand the role of investment can play to acceleration of development activities in the region.
  6. To strengthen the integration of economic sector of the region in order to accelerate the development activities of the region.
  7. To create made employment opportunities as well as to require how necessary for the progress of the   region and to settle and create permanent stage of life to the regions scattered society.

 

Waxa diyaariyey

Xafiiska Maalgalinta

Dawladda Deegaanka Soomaalida

P.O. Box  237

+251 (025) 775 2026/2038
+251 (025) 775 2026

July 2009, Jijiga

 

 

Dhiirgalinta Dawladda ee Maalgalinta

Dhiirgalinta Dawladda ee Maalgalinta - Government Investment Promotion

Fursadaha Iyo Xaalada La Fududeeyey Ee Maalgalinta Gaarka Ah (Potential And Fertile Conditions For Private Investment In SRS)

Siyaasadda cusub ee Dawladda Itoobiya waxa aasaas u ah dhaqaalaha suuqa xorta ah iyadoo arintani horseedday kobcinta sektarka maalgalint a iyo soo jiidashada maalqabeenadaba.

18kii sano ee lasoo dhaafay, dawladda dhexe iyo kuwa deegaanaduba waxay soo saareen siyaasado maalgalineed, wareegtooyin, xeerer, xeer-nidaamiyeyaal, dhiirrigalin iyo shuruuc kale oo ku habboon soo jiidashada iyo fududaynta maalgalinta gaarka ah.

DDS waxa hadda ka jira xaalado ay kusoo hiran karaan maalgaliyeyaasha gaarka ah:

Dawladda deegaanka Soomalidu waxay aasaastay hay’ad gaar u ah maaraynta iyo maamulka maalgalinta gaarka ah.

Awoodda iyo wajibaadka Wakaaladda Maalagalinta DDS waxa ka mid ah:

 

 

Waxa diyaariyey

Xafiiska Maalgalinta

Dawladda Deegaanka Soomaalida

P.O. Box  237

+251 (025) 775 2026/2038

+251 (025) 775 2026

This email address is being protected from spambots. You need JavaScript enabled to view it.

July 2009, Jijiga 

 

Ujeedooyinka Siyaasadda Maalgalinta

Ujeedooyinka Siyaasadda Maalgalinta  - Objectives Of Investment Policy Of The Somali Regional State

Ujeedooyinka waxa ka mid ah:

·         To accelerate the economic and social development activities of the region.

·         To exploit and develop the immense natural resources of the region.

·         To increase and expand the production and the social service of the region.

·         To promote the increase of quality variety and volume of production and export as well as to increase the country and the state revenue.

·         To render the investors understand the role of investment can play to acceleration of development activities in the region.

·         To strengthen the integration of economic sector of the region in order to accelerate the development activities of the region.

·         To create employment opportunities as well as to require how necessary for the progress of the   region and to settle and create permanent stage of life to the regions scattered society.

 

 

Waxa diyaariyey

Xafiiska Maalgalinta

Dawladda Deegaanka Soomaalida

P.O. Box  237

+251 (025) 775 2026/2038

+251 (025) 775 2026

This email address is being protected from spambots. You need JavaScript enabled to view it.

July 2009, Jijiga 

 

Dhiirirgalinta Maalgalinta

Dhiirirgalinta Maalgalinta  - Undertake Promotional Activities

·         Soo saaridda fasaxa maalgalinta - Issue investment certificate for local investors for investment projects to be made by an individual person or businesses organizations.

·         Cusboonaysiinta fasaxa maalgalinta - Renew permit where satisfied

·         Fudueynta helitaanka dhulka maalgalinta.

·         Adeegga la talinta iyo xog siinta maalgaliyaasha.

Si loo taageero maalgaliyaasha  gaarka ah, dawladda deegaanku waxay diyaarisay barnaamijka horumatinta maalglainta gaarka ah (Private  Investment Development  Program).

·         Waxa la diyaariyey qaab la isku weydaarsado xogta maalgalinta si maalgaliyeyaasha gaarka ah loogu fudeeyo inay helaan xog kasta oo ku saabsan maalaglinta gaarka ah ee deegaanka  Soomaalida.

·         Waxa la darsay in lamaalgashan karo  mashaariic  kabadan 300 iyadoo 50 mashruuc oo kamid ah documentigoda la diyariyay.

 

 

Waxa diyaariyey

Xafiiska Maalgalinta

Dawladda Deegaanka Soomaalida

P.O. Box  237

+251 (025) 775 2026/2038

+251 (025) 775 2026

This email address is being protected from spambots. You need JavaScript enabled to view it.

July 2009, Jijiga 

 

Ilaalinta Maalgalinta

Ilaalinta Maalgalinta - Investment Protection

Itoobiya waxay heshiisyo maalgalinta la xidhiidha la gashay wadamo badan iyadoo xubin ka ah waddamada ku bahoobay Bankiga adduunka gaar ahaan  “Multilateral Investment Guarantee Agency (MiGA)”.

 Sidoo kale waxay Itoobiya saxeexday heshiiska caalamaiga ah ee sixidda khilaafyada ka yimaadda maalglainta - International convention on settlement of investment disputes (ICSID).

 

Waxa diyaariyey

Xafiiska Maalgalinta

Dawladda Deegaanka Soomaalida

P.O. Box  237

+251 (025) 775 2026/2038

+251 (025) 775 2026

This email address is being protected from spambots. You need JavaScript enabled to view it.

July 2009, Jijiga