Rebuilding Somalia through investment and engagement is key to combating piracy

Tapping into the young, well-educated and passionate Somali diaspora is key to the economic rebuilding of Somalia, which is the long term solution to maritime piracy off Somalia’s coast.

That’s one of the findings in a major white paper released today by global port operator, DP World, and its knowledge partner, the Institute for Near East and Gulf Military Analysis (INEGMA) in New York on the sidelines of a meeting of the UN-supported Contact Group on Piracy off the Coast of Somalia (CGPCS).

The white paper details the discussions of an expert panel on “The Business Environment, Regulatory Reform and Key Economic Sectors for Investment in Somalia” organised by DP World and INEGMA last month in Dubai. The participants included UAE government representatives, international and Somali academics, private sector representatives as well as entrepreneurs and businessmen from Somalia and beyond.

To read the entire article, please click here.

Source: http://www.wam.ae

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