Somalia and Türkiye have signed the second phase of a fisheries cooperation agreement aimed at expanding investment, infrastructure, and regulatory development in Somalia’s maritime sector. The agreement was finalized between Somalia’s Ministry of Fisheries and Türkiye’s OYAK Group.
The deal forms part of ongoing efforts to develop Somalia’s blue economy and build long-term cooperation between the two countries in the maritime sector.
Agreement Highlights:
Investment in fisheries infrastructure to support coastal development
Introduction of quality and safety standards for international market access
Development of local fish processing and value chains
Enhanced monitoring to address illegal, unreported, and unregulated (IUU) fishing
Employment opportunities for Somali coastal communities
According to Somali officials, the agreement supports national objectives to utilize marine resources in a sustainable and regulated manner. It is also expected to contribute to economic diversification and job creation.
Türkiye, which has partnered with Somalia in various sectors including education, security, and health, will offer technical expertise and support through the OYAK Group in this initiative. The agreement builds on a longstanding relationship between the two nations, emphasizing mutual economic development.
While implementation details remain to be seen, stakeholders on both sides view the fisheries sector as a potential growth area that could contribute to regional trade and food security in the Horn of Africa.
The signing reflects broader efforts by Somalia to expand its engagement in strategic economic sectors, particularly in regions with high resource potential.