Following launching of the 1992 Ethiopia's free market policy, the federal government of Ethiopia and the Somali Regional State has been taking a wide range of Economic reforms for the past 18 years aiming at promoting economic liberalization and encouraging private investments. This can be reflected through the government supportive policies, rules and regulations, incentives, adequate guarantee and protection, through infrastructural facilities, transparent service including land facilities and service delivery. Especially the regional government is doing its best to strengthen its support to the private sector by designing private investment development program aimed largely to enhance the role of the private sector in the regions socio-economic development activities, in parallel by the expense of the regional government, more than 300 project ideas has been identified, out of which 50 project profiles are ready for investors. For better information the regions investment potential, supportive policy and regulations, incentives and other fertile conditions are stated below.
Somali Regional Investment Agency
The Somali Regional Investment Agency is the responsible government body which:-
In collaboration with concerned zones, districts and urban administration executive organs, facilitate the allocation of land for approved investments.
Objectives of Investment policy of the Somali regional state
Dawladda Deegaanka Soomaalida
P.O. Box 237
July 2009, Jijiga