Things are looking up for the Somali capital of Mogadishu as the sound of gunfire has recently been replaced by that of construction. Many from the diaspora are finally returning home to rebuild Somalia. As described by journalist Laila Ali of the Guardian, “New buildings and business are emerging from the carnage and lawlessness that pervaded the east African country for more than two decades.”
Many people who fled in the midst of the chaos are now choosing to return home, which has caused the demand for property to skyrocket. Mursal Mak, a British-Somali property developer who is returned after 22 years, has been following the increasing business opportunities. “Real estate is booming in Mogadishu” he says. “This evening I had a meeting with a client and he said ‘Mogadishu is becoming like Manhattan or central London; you are talking incredible prices when it comes to property.’”
Land rights have become sticky, however, with so much land unregistered or with ownership that cannot be confirmed. At times, people take the risk of buying land at half of its value for cases where ownership is unclear. But this has not seemed to disrupt the surge of buying and developing. From grand beach hotels to commercial banks, many from the diaspora are returning home in hopes of rebuilding business in Somalia.
Omar Osman is another Somali who has returned home to set up an internet company, Somalia Wireless, in hopes of increasing connectivity for the growing private sector. He explains, “We are trying to advocate the setting up of business to be as smooth as possible, because, ultimately, the growth of business will translate into job creation and prevent youngsters from being idle and walking into terrorism. Investing and making money is not the goal. The goal is to create jobs, do something to benefit the masses and make life better for every Somali.”
– Shannon Keith
Source: The Guardian
Photo: Laila Ali