Somalia has embarked on a transformative residential project in the Kaaraan district of Mogadishu, aiming to construct 50,000 homes under the Xeebta-Luulka project, which translates to “Pearl Beach.” This initiative, led by President Hassan Sheikh Mohamud, marks a significant step toward alleviating housing shortages while also contributing to the country’s broader economic recovery.
The residential development is not just about providing housing but creating a comprehensive urban community. The project will integrate homes with essential services such as schools, health centers, mosques, and recreational facilities. Funded by Somali entrepreneurs, the project aims to stimulate job creation and boost the local economy.
During the project’s groundbreaking ceremony, President Mohamud emphasized the symbolic importance of this initiative. He described it as a testament to Somalia’s resilience and a key part of the country’s long-term vision for economic self-sufficiency. He also urged Somali businesses to continue investing in national development projects, reinforcing the collaboration between the private sector and the government.
This housing project is part of a larger trend of development in Somalia, reflecting a period of progress and growth
Infrastructure Advancements: Somalia has seen significant infrastructure projects, such as the modernization of Mogadishu’s Aden Adde International Airport and the expansion of Berbera Port, which have boosted trade and regional connectivity. These projects have provided job opportunities and enhanced investor confidence.
Economic Growth Somalia’s economy continues to recover, with GDP rising to $11.7 billion in 2023, compared to $2.7 billion in 2010. The economy is expected to grow by 3.7% annually, driven by sectors like real estate, agriculture, and telecommunications.
Educational and Health Reforms Significant strides have been made in education and healthcare, with new schools and health facilities being constructed across the country, including within the Xeebta-Luulka project itself.
Diaspora Contributions The Somali diaspora continues to play a vital role in the country’s economic recovery, sending remittances and investing in large-scale projects like the 50,000-home development.
Security Improvements Security in key regions has stabilized, enabling the government and private sector to pursue ambitious projects. While challenges remain, initiatives like Xeebta-Luulka show the country is moving in a positive direction.
These developments, along with the Xeebta-Luulka project, illustrate Somalia’s determination to rebuild and grow after decades of conflict. With ongoing investment, especially from Somali entrepreneurs, the country is on the path to stability and prosperity.
