Mogadishu, Somalia – The Federal Minister of Planning, Investment and Economic Development, Mohamud Abdirahman Beenebeene, has officially launched the Investment Priority Sector Report: Professional Services, underscoring the sector’s vital role in driving Somalia’s economic transformation and job creation.
The report, released during a high-level event in Mogadishu, provides a comprehensive analysis of the professional services sector, identifying key growth opportunities, barriers to investment, and policy recommendations to strengthen Somalia’s economic competitiveness. It is the sixth major report issued under the ministry’s ongoing initiative to promote evidence-based investment planning across strategic sectors of the economy.
Speaking at the launch, Beenebeene emphasized the growing importance of professional services—such as legal, accounting, engineering, consulting, and IT services—in attracting foreign investment, building local capacity, and supporting private sector development.
“This report is not only a roadmap for investors but also a call to action for government institutions, development partners, and the Somali private sector to work together in realizing the potential of professional services,” the minister stated.
The newly released report highlights a range of promising investment areas, including digital transformation, skills development, and regional service delivery, all of which are seen as critical to Somalia’s economic diversification and long-term stability.
Development partners, business leaders, and civil society representatives welcomed the report as a timely intervention, especially as Somalia continues to rebuild its economy and position itself as an emerging destination for regional and global investors.
The ministry pledged to continue producing high-quality, sector-specific reports to inform national policy and guide investor decisions. Previous publications in the series have covered key sectors such as agriculture, renewable energy, fisheries, manufacturing, and tourism.