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OYAK

Somalia, Turkish firm OYAK sign major deal to develop the blue economy

ANKARA, Turkey — Somalia finalized a wide-ranging cooperation pact with Turkish industrial group OYAK on Tuesday, launching a program to expand and modernize the Horn of Africa nation’s fisheries while strengthening maritime security and creating jobs along its coast. Somalia’s Minister of Fisheries and Blue Economy Ahmed Hassan Adan signed the Cooperation and Marine Production Development Partnership at a ceremony in Ankara, calling it a step-change for the country’s blue economy. The agreement, he said, will channel direct…

Somalia and Turkish conglomerate OYAK sign deal to develop blue economy

Ankara, Turkey — Somalia signed a sweeping cooperation agreement with Turkish industrial group OYAK on Tuesday, launching a multi-year push to modernize the country’s fisheries and blue economy while tightening maritime security and creating jobs along its coastline. The pact, finalized by Somali Minister of Fisheries and Blue Economy Ahmed Hassan Adan in Ankara, formally establishes the Cooperation and Marine Production Development Partnership. The initiative is structured to protect Somalia’s marine environment and unlock…