Puntland is a Federal Member State in northeastern Somalia. The Administrative Capital is Garowe in the Nugal region, and its leaders declared the territory an autonomous state in 1998.
Puntland is bordered by Somaliland to its west, the Gulf of Aden in the north, the Guardafui Channel in the northeast, the Indian Ocean in the southeast, the central Galmudug region in the south, and Ethiopia in the southwest.
Puntland has 1,600 km (990 mi) of coastline, which is abundant with fish and other natural marine resources. Additional economic products and activities of the region include livestock, frankincense, myrrh, gum Arabic, manufacturing and agriculture. Agricultural products such as mangoes, bananas, guavas, lemons, sugarcanes, and peanuts are grown on plantations around the state.
The State economy is largely dependent on livestock exports which contribute to approximately 80% of foreign exchange earnings, constitutes 40% of GDP and 60% of employment opportunities. Despite the economic importance of the sector pastoralist survive in very difficult and fragile conditions characterized by the prevailing dry season and recurrent drought every five years.
Current president of Puntland is Saed Abdullahi deni re shaped puntland’economics by developing ports and trade corridors that can make a vital hub for regional trade, attracting investment and generating revenue for infrastructure development and social programs.
President Deni’s extensive international experience can be instrumental in forging partnerships with foreign investors and securing resources for critical projects.
As President Deni embarks on his second term, he would move forward Puntland democrisation process and navigate emerging challenges and adjust his strategies as needed.
His focus should be on leaving a lasting legacy: building a stable, prosperous, and unified Puntland that contributes positively to Somalia’s future.
The State economy is largely dependent on livestock exports which contribute to approximately 80% of foreign exchange earnings, constitutes 40% of GDP and 60% of employment opportunities. Despite the economic importance of the sector pastoralist survive in very difficult and fragile conditions characterized by the prevailing dry season and recurrent drought every five years.
