Somalia Touts Mining Sector as New Engine of Economic Growth at Riyadh Forum

GOOBJOOG NEWS | RIYADH: Somalia’s Deputy Minister of Petroleum and Mineral Resources, Abdiwahab Abdi Omar has said the country’s largely untapped mining sector could become a major driver of economic growth, as Mogadishu seeks to reduce reliance on aid and broaden its revenue base.

Speaking at the Arab League Mining Ministers meeting and the Future Minerals Forum (FMF) 2026 in Riyadh, Abdiwahab said responsible development of mineral resources could help create jobs, attract foreign investment and support long-term economic stability.

He told participants that Somalia was moving towards a transparent and sustainable framework for managing natural resources, aimed at giving investors confidence while ensuring national interests are protected. The government, he said, wants mining revenues to support infrastructure, public services and industrial development.

Abdiwahab said Somalia’s strategic position along major shipping routes could strengthen its role in regional and global supply chains, particularly as demand rises for critical minerals used in manufacturing and energy transition technologies.

The deputy minister held meetings with ministers and industry representatives on the sidelines of the forum, where he encouraged partnerships that would transfer skills and technology to Somali workers.

Officials say the mining push is part of a broader economic strategy that also includes progress in the hydrocarbons sector, with preparations for oil exploration under way. Together, the initiatives are intended to signal that Somalia is open for investment and seeking to turn its natural resources into a foundation for sustainable economic growth.