Malaysia Investors meet with President Biihi

HARGEISA – On the 26th of February, President of Somaliland H.E. Mouse Biihi met in the palace of presidency with some investors from Malaysia, who were led by the famous Malaysian businessman in Somaliland and manager of Tayyid Quality Meat in Buro, Mr. Rithwan Tengku.

The President with the Vice president Mr. Abdirahman Abdilahi Ismail (Saylici) and the Minister of livestock and Fishing development, Mr. Hassan Mohamed Ali (Gaafaadhi)  had very fruiful discussion with the investors who promised to the economy of the country by investing in the importation of Somaliland livestock into their home country.

President Biihi discussed deeply about strengthening economic ties with Malaysia most especially in order to eliminate market shortage of the livestock.

In his response, Mr. Tengku assured the government that establishing livestock market with Malaysia would take an important role in boost, more than before, the purse of the government and its citizenry.

Minister of Livestock and Fishing Development commended Mr. Tengku for his role in the industry most especially through his company – Tayyid Quality Meat. He promised to work with and support other investors who are interested in entering the industry.

He said, “The investors are interested in establishing livestock that has the potentiality to operate 1500 of livestock, and it is going to operate to operate 5000 livestock per day. We are expecting to be a way that livestock would follow as a meat. This industry was invested for huge money, and the business owners of Somaliland have a share; also, meat traders association has relationship within it.”

Mr. Hassan told the media that the president and the government are struggling about how the nation would attain new investment, and that the president is giving a special significance about finding of new market for livestock. Following this he said, “We are hopeful that this project should become successful, and the government is working them fully. Today, President Biihi promised to the delegation that he is giving wide support about how the industry would do their work; in addition to this, he expressed that this action can lead other investors to land the country.

Lastly, minister stated that this collaboration would create a lot of jobs opportunities for the people of Somaliland, and would encourage productions within the country – thereby resulting to reduction in the cost of living for the populace.

Reporter: Suhaib Ismail