MOGADISHU (SONNA) — The Minister of Commerce and Industry of the Federal Government of Somalia, H.E. Jamaal Mohamed Hassan, received the Italian Ambassador to Somalia, H.E. Pier Mario Daccò, at the Ministry’s headquarters on Friday. The high-level meeting focused on recalibrating the historical relationship between the two nations to prioritize economic integration and industrial development.
The discussions centered on strengthening the long-standing diplomatic ties between Mogadishu and Rome, with a specific emphasis on expanding cooperation in the sectors of development, foreign direct investment, and industrial growth. Both officials reviewed the current economic landscape and explored mechanisms to facilitate a more robust exchange of expertise and capital between Somali and Italian enterprises.
During the session, the Minister and the Ambassador reached a mutual understanding on the importance of generating new trade opportunities. They agreed on a strategic approach to encourage international investment aimed at boosting domestic production capacity. A key component of this strategy involves leveraging industrial growth to create sustainable employment opportunities for Somali youth, addressing a critical national priority.
The meeting concluded with a commitment to continue the dialogue on removing barriers to investment and fostering a business environment that attracts Italian capital into Somalia’s emerging markets.
