HARGEISA – In a significant commercial development following recent diplomatic shifts in the Horn of Africa, Israeli firms VisiRight and Amore Capital have formally established a strategic partnership. The alliance is designed to assist Israeli enterprises in launching investments and commercial activities within the Republic of Somaliland.
As reported by i24NEWS, this new alliance comes in the wake of Israel’s reported diplomatic recognition of Somaliland—an action that has drawn worldwide attention and opened fresh financial and investment horizons in the region.
Strategic Support for Investment
According to sources familiar with the agreement, VisiRight and Amore Capital intend to offer substantial logistical and strategic support to Israeli companies looking to navigate the Somaliland market. The partnership will specifically target sectors that align with Somaliland’s national development goals, including financial infrastructure, real estate, and construction.
Additionally, the initiative aims to introduce innovative startups focusing on water management, renewable energy, and energy and minerals sectors, areas where Israeli technology holds a global comparative advantage.
Fostering a Favorable Business Climate The partnership focuses on establishing robust connections between international businesses and Somaliland government agencies. The goal is to create a favorable business atmosphere that promotes broad cooperation, leveraging Somaliland’s recent moves to boost investment and jobs through new legal frameworks.
Economic specialists indicate that this initiative could represent a substantial advancement in increasing foreign direct investment (FDI) in Somaliland. By enhancing the region’s position in trade and modern technology, the collaboration is expected to generate employment prospects and drive widespread business integration in the coming period.
From Recognition to Integration
This development signifies a logical progression in the Israel-Somaliland relationship, moving from political acknowledgment to profound economic integration. The participating companies are positioned as pioneering investors and coordinators, serving to reduce entry risks for wider Israeli commercial involvement.