Article length: 861 words

Dubai’s Lootah Group sees potential in Puntland’s high-risk, high-reward environment

The Lootah Group is one of the oldest merchant families in the UAE and joins a string of investors that have recently signed agreements in Somalia and its neighbouring countries. Despite a brutal civil war between Islamic insurgents and Ethiopian military forces, some areas of the fractured state remain relatively sheltered and are seen as ‘virgin territories’ ripe for exploration and investment.

Go to full article

Credit value: 10

African Energy Gulf States Newsletter