Garacad port is a great lesson for Somalis every where

[maakhiri1]

Private sector is extremely efficient and zero corruption, everywhere Somalia where all public sector is rotten 

[Illyria]

7 hours ago, galbeedi said:

We might have been even duped long time ago. I know some Somalis had put their hard earned money, but looking back , the quick manner the money was raised , and the millions still pouring while making probably 10 cents to the dollar, I suspect the Emirates could be the owners behind the curtain.

Balderdash sir! As an investor, I could say none of that is true. If a deal is to be made with an investor, say Abu Dhabi Ports & Terminal, it would have go through, be vetted, and approved by the Wadaagsan Executive Board. PL is an investor in the project, has voting rights with some influence, but not a majority voting rights. If and when the Board sees business reasons to partner with, to complete the project, primarily the 3G road, then it shall have to secure majority vote. The intent is, and was, for the project to be Somali owned and operated port. Rest is just waffle. 

[Miskiin-Macruuf-Aqiyaar]

Odey dhaqameed from deegaanka.

 

[Illyria]

Let me see if I read this correctly: so, he opposes Deni, parties ways with Islam Bashir, the de facto Issim of Mudug, and is calling for Hasan Sh to dispatch Turkish army to Garacad? Again, he does not want UAE, but wants Turkey. He wants Turkey armies on the ground, on the sea, and in air. Why Turkey, but not UAE? He is no longer an Issim, but a politician. A former CID man, Shirwac, has been on the wrong side of history ever since Siyad Barre crowned him to replace Islam Cabdulle in the 80s, was forever a Kacaanist in the worse possible time working against SSDF, allied with al Itixad in the 90s, opposed the bottom-up approach during Arta, where he was canvassing support for the TNG of A/Qadim & Galaydh, sided with Cadde's jabhad in the 2000s, sided with Farmaajo during his rocky tenure against Gaas, and is now placing the cart before the horse for HSM. This is his way of trying to undermine Deni, and stymie the project. Reer PL know of his dark history.

[Che -Guevara]

 

[galbeedi]

On 4/30/2024 at 2:59 PM, Illyria said:

If a deal is to be made with an investor, say Abu Dhabi Ports & Terminal, it would have go through, be vetted, and approved by the Wadaagsan Executive Board. PL i

Mr. Iliria, it looks like you spilled the beans. Are you even entertaining to make a deal with Abu Dhabi? They are our competitors, don't produce anything and we could be a free port just like them. 

Waar bal aduunyadan eega. Waar maxaa hanidii Soomaaliyeed suuqa loo geynayaa.The road to the border could be paved any day and suddenly you got a 10 million customers in your neighborhood. Please don't sell Garacad and just wait few years when the right leadership shows up.

[Illyria]

14 hours ago, galbeedi said:

Mr. Iliria, it looks like you spilled the beans. Are you even entertaining to make a deal with Abu Dhabi? They are our competitors, don't produce anything and we could be a free port just like them.

O' just a bit of an insight, hypothetically speaking, predicate on the conditional clause of "if and when". Competitive perhaps, but for now, we are neither blessed with the wealth nor the human capital AD port & terminal offers, and unlike DP World of Dubai, it is neither as cut-throat business-wise nor degenerate as al Maktoumi's Dubai, but foreign nonetheless. A city State of half a million Emirati, I do not see it as a threat as, say Turkey, an empire seeking to regain its glorious departed self.

Is any part of Somali territories primed for entering into long-term exploitative contracts / agreement with any foraging nations hunting for treasure troves? I think not. Are there benefits to be gained? Check Berbera & Bosaso (DP World), Xamar port and airport, as managed by Aufot General & Favori respectively. I think so. Sell off, or auction an inch of any Somali territory? Never! Trust any politician to doing that which is in the best interest of the nation, or the right thing? Never!

14 hours ago, galbeedi said:

Please don't sell Garacad and just wait few years when the right leadership shows up.

Again, it is not for sale.

[Illyria]

Wadaagsan investors annual conference.

 

-----------------------------------------

Postscript:
"Waxaa noo socda wada-hadal iyo gorgortan ku saabsan maalgelinta dekedda Garacad, oo aan kula jirno shirkad laga lee yahay Abu Dhabi, kaasi oo wakhtiba wakhtiga ka danbeeya intii la isaga soo dhowaanayo” ayuu yiri Warsame Axmed Shiddo".

"Barnaamijkani waa barnaamij laba shirkadood oo gaar loo lee yahay oo ganacsi uu ka dhexeeyo wada-hadalkiisu, wax dowlad oo ku lug lehna ma jirto. Wixii heshiis ahna labadaasi shirkadood baa heshiinaya” ayuu sii raaciyay Shiddo"

 

Wadaagsan oo ka hadashay qorshaha shirkadda Imaaraatiga ah loogu wareejinayo dekedda Garacad – Puntland Post

PUNTLANDPOST.NET

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Shirkadda Wadaagsan ee gacanta ku haysa dekedda Garacad ayaa si rasmi ah u...

 

[Illyria]

Wadaagsan investors board agreed to the terms of the agreement between Wadaagsan Co. and Abu Dhabi Ports & Terminal Authority: 30 years, 40% & 60% respectively (incl. a number of projects mainly the 3G road construction project and completion of the port). Wadaagsan has a 90 year contract to manage the port.

[Che -Guevara]

How would the completion of the port look like in terms of size and capacity?

[Illyria]

That is a good question, and I think that along with the timelines shall be shared after the agreement has been signed. The details about the original plan could be found here https://dekadagaracad.com/

 

https://www.adports.ae/

 

 

[maakhiri1]

11 hours ago, Illyria said:

Wadaagsan investors board agreed to the terms of the agreement between Wadaagsan Co. and Abu Dhabi Ports & Terminal Authority: 30 years, 40% & 60% respectively (incl. a number of projects mainly the 3G road construction project and completion of the port). Wadaagsan has a 90 year contract to manage the port.

seriously

The UAE are not joking, relentless, they need to control this area, at any cost. fully control, I saw them taking over Tanzania too

I remember arguing  here before, that these FAT rich Arabs, will put an offer the Garacad can not refuse.

[Miskiin-Macruuf-Aqiyaar]

Here comes the Imaaraadi sabotage, as they did in Yemen, Jabuuti, Suudaan, Berbera iyo Boosaaso. Little initial investment oo ii dheh ah followed by years of decline. I thought kuwaan Garacad dhistay would be too wise for Imaaraadka's usual tricks. They fell for it.

[Illyria]

Let us hope the Wadaagsan group had done their homework, and our fears shall be allayed.

[Miskiin-Macruuf-Aqiyaar]

Once they enter, it is hard to remove them. They are cancerous. See how they are still going after Jabuuti, going to courts in Hong Kong, London and the latest was Washington, all saying Jabuuti needs to pay billions back.

Also why 60 percent ownership? It is too high. Any figure above 51 percent share is high.