Somalia: Puntland President eyes Arab investment on Saudi visit
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- Posted On 28-04-2016, 07:20PM
RIYADH, Saudi Arabia-The President of Somalia’s Puntland Government Abdiweli Mohamed Ali is seeking investment from Saudi tycoons in various sectors, Garowe Online reports.
Ali met with Saudi Prince and multi-millionaire media mogul Al Waleed Bin Talal and Emir Sultan Bin Nasir Bin Abdiasis Al Saud in Riyadh in a visit aimed at forging business ties with rulers of wealthy kingdom.
Saudi monarch is wooing the East African country with investment promises to bar off growing Iranian influence in Africa.
Ali has invited Saudi tycoons to explore attractive investment opportunities in stable Puntlandthat escaped much of the country’s bloodiest internal strife.
Saudis pledged to cooperate with Puntland on reinvigorating livestock exports to the Gulf, expressing interest in investment in production, economic infrastructure and water sectors during discussions focused on ways of enhancing business relations.
Puntland President has visited Ethiopia where he held talks with Egyptian AmbassadorAboubakr Hefny and investors after attending the Tana High-Level forum on Security in Amhararegional State capital, Bahir Dar on April 19.
Saudi business delegation is set to pay a visit to Puntland in the near future according to Presidency sources.
GAROWEONLINE
