Puntland’s decision to legalize gold mining marks a significant development in the region’s economic landscape.
By opening up this sector, the government aims to attract local investors to participate in mining activities and capitalize on the mineral wealth, particularly in the resource-rich Sanaag region.
Additionally, companies owned by the United Arab Emirates (UAE) are expected to commence operations, indicating a growing interest from foreign investors in Puntland’s mining sector.
This initiative could lead to economic growth, job creation, and infrastructure development, benefiting the local communities and contributing to Puntland’s overall economic stability.
However, it will also be crucial to manage the environmental impact and ensure sustainable practices are adopted.