Riyadh, Saudi Arabia – Somalia’s Minister of Finance, Bihi Iman Egeh, held a strategic meeting in Riyadh with Saudi Arabia’s Vice Minister of Finance, Abdulmuhsen Bin Sa’ad Alkhalaf, to explore new avenues of bilateral economic cooperation.
The talks centered on expanding development investments across key sectors including infrastructure, energy, and agriculture — areas considered vital to Somalia’s long-term economic recovery and resilience. Both sides expressed a shared commitment to transforming the growing diplomatic relationship into concrete financial partnerships that generate jobs, enhance trade, and strengthen food and energy security.
Egeh highlighted Somalia’s recent fiscal reforms and improved revenue performance as evidence of its readiness to attract large-scale external investment. He welcomed Saudi Arabia’s increasing engagement in the Horn of Africa, stressing that collaboration with Riyadh could accelerate Somalia’s efforts to modernize its transport networks, expand renewable and conventional energy capacity, and boost agricultural productivity.
Vice Minister Alkhalaf reaffirmed Saudi Arabia’s willingness to support Somalia’s development agenda, noting that joint projects in logistics, agribusiness, and infrastructure could yield mutual economic benefits while enhancing regional stability.
The meeting marks a continued deepening of Somalia–Saudi economic relations, with officials expected to follow up through technical discussions aimed at translating the political goodwill into actionable financing frameworks and implementation plans.