Puntland signs a 10 million animal pro year export deal with the Kgd of Saudi Arabia

[xiinfaniin]

Samurai Warrior,

 

Iney kugu 'margatay', iyo inaad qasad ugu dhici weydey bay u dhexeysaa !

[Fiqikhayre]

This is the official version from the government website puntlandstate.gov.net.

 

Bossaso, Puntland and Aljaabiri (Saudi Company) signed business investment agreement.

 

Wednesday, 11-Apr 2007

 

On April 10, 2007, a signing ceremony for an Agreement on livestock investments between Puntland and Al Jaberi (Saudi Company) was held at the Presidential compound in Bossaso.

 

President of Puntland Mohamud Musse Hersi and the owner of Aljaabiri Mr. Suleiman Said Aljaabiri signed the agreement, the ceremony was attended by the Minster of finance, Minister of Agriculture and livestock, Minster of commerce for Puntland side and representative from Aljaabiri company including, Mr. Hamiid Alpha, Dr Nahar Aldalbar, Mr. Adil Alqurayshi, Mr. Faisal Nur and Mr. Abdalla Amudi.

 

For this agreement Al Jaberi will invest livestock sector in Puntland and build Animal Farm and staging areas with all the necessary resources before they ship to their destination mainly to Saudi Arabia, they will build these facilities within five months.

 

Al Jaberi is a Saudi Owned company, who operates and invests different countries including Australia, Sudan, Syria, Uruguay, and Somalia,

 

This agreement was negotiated by committee from puntland Government including Ministries, members from the Chamber of commerce and the representative from Al Jaberi Company including the owner,

 

The newly signed business investment not only benefited Puntland employment market but also increased Puntland export to the Arabian Gulf.

 

The livestock sector dominates the economy of the Puntland regions. The livestock products not only contribute to the livelihood of the nomads, but are also a substantial portion of the daily food intake of the population living in rural and urban areas. The economy of Puntland is largely dependent on livestock exports, which contribute to approximately 80% of foreign exchange earnings, 40% of the GDP and 60% of employment opportunities

 

In addition, Foreign direct investments in all sectors and from any country are welcome, and the scope of investment or ownership is not limited.

[miles-militis]

Xiinoow - Boowe koley waa mid uune bal adba. Wara'a iga dheh iyo saamalayl!

[Paragon]

Very good news for the Xoolaleeyda at first impression. Secondly, doesn't it smell like a monopoly in the making- iyo thirdly, laaluush duuduub ah from this big coorperation. Hope the locals dont lose out.

[Jacpher]

^Paragon, it sounds too good to be true

 

I hate to spoil it but it appears a monopoly in progress. I hope PL & SL admin are too smart to sign a contract bending them years of agreement without reading the fine prints.