Ministry of Investment and Industrial Development (MOIID)

The Ministry of Investment Promotion is a newly Government Institution created for the first time on 14 December 2017 by the 5th president of Somaliland HE Muse Bihi Abdi for coordinating the fragmented investment projects into a single window. And is responsible for formulating strategies, policies, goals and programs aimed at developing local and foreign investments, improving the investment image of the country, quickly creating opportunities for entrepreneurs and cooperating in socio-economic development programs with United Nations and international organizations. The Ministry of Investment Promotion is mandated to formulate investment and development policies, strategies and programs and monitoring their implementation, development of specialized economic zones and coordination of regional integration. And promote private sector development and to boost domestic and foreign investment by creating a conducive investment climate, as part of its effort to establish a market oriented economic system in Somaliland and responsible for drafting, negotiating and approving bilateral Investment Promotion and Protection Agreements and serves as a focal department for all Somaliland investment related affairs.