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+971 4 2512418
DUBAI UAE
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info@imss-corp.com
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+971 4 2512418
DUBAI UAE
info@imss-corp.com
Have Any Question?
Despite the lack of effective national governance, Somalia has maintained a healthy informal economy, largely based on livestock, remittance/money transfer companies, and telecommunications. Agriculture is the most important sector with livestock normally accounting for about 40% of GDP and more than 50% of export earnings. Nomads and semi-pastoralists, who are dependent upon livestock for their livelihood, make up a large portion of the population. Livestock, hides, fish, charcoal, and bananas are Somalia’s principal exports, while sugar, sorghum, corn, qat, and machined goods are the principal imports. Somalia’s service sector has grown. Telecommunication firms provide wireless services in most major cities and offer the lowest international call rates on the continent. In the absence of a formal banking sector, money transfer/remittance services have sprouted throughout the country, handling up to $1.6 billion in remittances annually. Mogadishu’s main market offers a variety of goods from food to the newest electronic gadgets.
Somalia, formerly known as the Somali Democratic Republic, is a coastal country covering a land area of 637,657 square kilometers (246,199 square miles) and a water area of 10,320 square kilometers (3,985 square miles), with a land-bordered circumference of 2,366 kilometers (1,470 miles). It has a coastline of 3,025 kilometers (1,880 miles) stretching along the Indian Ocean to the southeast and along the Gulf of Aden in the southern mouth of the Red Sea to the north. These coastal features give the region the name the Horn of Africa. To the north, Somalia faces the Arabian Peninsula with which it has had centuries of commercial and cultural interaction. To the northwest it shares a border with the Republic of Djibouti (58 kilometers, or 36 miles), to the west by Ethiopia (1,626 kilometers, or 1,010 miles) and southwest by Kenya (682 kilometers, or 424 miles).Somalia has a very long and rich history; and as the country has the longest coast in continental Africa, it is one of the oldest sea-faring and trading nations in the world. Somalia has a number of ancient trading/port cities on both its Indian ocean coast and Gulf of Aden coast. With historically the wealthiest being the 1,000 year old city of Mogadishu. Others include Barawe, Merca, Las Qoray, Hobyo etc. (Berbera now belongs to Somaliland)
The sound of bullets that was once so common in the Somali capital of Mogadishu has been replaced by the noise of construction. New buildings and business are emerging from the carnage and lawlessness that pervaded the east African country for more than two decades.
The city is witnessing a burst of economic activity with various commercial projects . Because of security improvements in Mogadishu, many Somali expatriates are returning from abroad, especially from Europe and the United States, and their return has revived business and the country’s reconstruction efforts.
Somalis today have high hopes because Mogadishu is bidding farewell to the effects of war after two decades of chaos and conflict, and reconstruction efforts are progressing at an unprecedented level.
The city is on the path towards peace and will soon become a peaceful city that attracts tourists and foreign investment. Mogadishu is being transported from an era of chaos and destruction to one of prosperity and reconstruction.
Business activities are markedly booming as people reopen shops and local traders are importing goods as far as the Gulf State of United Arab Emirates and China after security improved in the capital since last year’s withdrawal of Al-Shabaab
The reopening of businesses and the start-ups of new ones in various streets and markets in Mogadishu and the construct boom all over the seaside city has become a familiar sight of the Somali capital instead of the daily shelling, suicide attacks and constant gunfire for which it was notoriously known as the most dangerous city in the world.
Yard Capacity in m: 2 100,000 square meters
Container Freight Station (CFS) 6750 Square M built in 1990. Mogadishu was not served by dedicated container services in the past. However with the improvement in the security situation and booming economy, many container lines are looking at offering service to Mogadishu.
IMSS also represents HELLMAN WORLDWIDE LOGISTICS in Djibouti, Somaliland & Somalia. Hellmann is a 143 year old German logistics company with worldwide offices.
#503 – PLATINUM BUSINESS CENTREP O BOX : 49017AL NAHDA 2, DUBAI UAE
