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.