President Mohamud Lays Foundation Stone for a Grand Real Estate Project

GOOBJOOG NEWS | MOGADISHU: Federal government of Somalia President Hassan Sheikh Mohamud Tuesday laid the foundation stone for a grand real estate project in Mogadishu.

The project, named ‘Xeebta-luulka’ meaning Diamond Beach, is being constructed through the investment of Somali entrepreneurs.

The real estate project consists of residential houses that can accommodate 50,000 people, with amenities such as multiple business complexes, schools, health centers, mosques, and leisure centers.

Speaking during the function, president Mohamud urged the Somali entrepreneurs to trust in the progress made by the country and invest more in developing Somalia.  

“The construction of this neighborhood is the beginning of a new Somalia that is reshaping its government and competing with the world. Somali businessmen should trust their country and stand by the government by paying their due taxes, so that we can recover from the problems we have suffered,” the President said.

President Mohamud thanked the businessmen for investing in their country and bringing projects that are meaningful to the Somali people, and he also urged them to support their government so that we reach an era of self-reliance.