Draft:New Mogadishu Development Corporation
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Submission declined on 6 July 2025 by Gheus (talk).
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Comment: Fails WP:NCORP and WP:CRYSTAL applies to the listed projects. Gheus (talk) 01:20, 6 July 2025 (UTC)
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| Shirkadda Horumarinta Muqdishada Cusub مؤسسة تنمية مقديشو الجديدة | |
 | |
| Abbreviation | NMDC |
|---|---|
| Formation | December 19, 2024 |
| Type | Public-private partnership |
| Headquarters | Mogadishu, Somalia |
| Website | nmdcs.com |
The New Mogadishu Development Corporation (Somali: Shirkadda Horumarinta Muqdishada Cusub, Arabic: مؤسسة تنمية مقديشو الجديدة) is a public-private partnership established to drive large-scale infrastructure development projects in Mogadishu, Somalia. It was created as part of a national strategy to modernize the country’s economic and transport infrastructure, attract investment, and stimulate job creation.[1]
Overview
[edit]The New Mogadishu Development Corporation (NMDC) is a public private partnership entity launched in 2024 to manage and coordinate major infrastructure initiatives in Somalia's capital. Several development projects such as the New Mogadishu International Airport, New Mogadishu Port, and New Mogadishu Industrial Zone share similar names. However, NMDC is not a project itself. It serves as the federal coordinating body overseeing these initiatives in collaboration with government institutions, foreign partners, and private sector investors.[2]
Key projects
[edit]- New Mogadishu International Airport, an airport under construction with an estimated budget up to US$1 billion, managed by the New Mogadishu Development Corporation under a public-private partnership model.[4][5][6][7][8]
- New Mogadishu Maritime Port (NMMP) — An infrastructure project for shipping that aims to add capacity in ports and enhance Somalia's share of regional trade.[9]
- Special Economic Zone (SEZ) — A planned area aimed at attracting foreign and domestic investment by offering incentives, streamlined regulations, and infrastructure to support industrial and commercial activities.[10]
These projects are anticipated to foster investment, create employment opportunities, and contribute to Somalia’s economic diversification. [11][12][13]
Establishment
[edit]NMDC was officially launched on December 19, 2024, as part of Somalia’s broader infrastructure development agenda.[14] It operates as a joint venture between public authorities and private stakeholders, ensuring both governmental oversight and private sector efficiency.[10][15][16] Preliminary estimates indicate a combined investment exceeding USD 3 billion for the NMDC’s portfolio.[11] Funding is expected to come from a mix of public authorities, the private sector, and foreign partners in Somalia. According to project statements, future updates will clarify the shareholding structure and operational agreements with contractors and financiers.[12]
See also
[edit]- New Mogadishu International Airport
- Transport in Somalia
- Economy of Somalia
- Public–private partnership
References
[edit]- ^ "Somalia's President launches Mogadishu infrastructure projects". Nation Africa. 2024-12-19. Retrieved 2025-07-14.
- ^ "President Hassan Sheikh Mohamud Launches Mogadishu New International Airport and Infrastructure Projects". The Warsan. 19 December 2024. Retrieved 2025-07-14.
- ^ "Somalia's President Launches Mogadishu Infrastructure Projects". Nation Africa. 20 December 2024. Retrieved 2025-07-14.
- ^ "New Mogadishu Development Corporation spearheads large infrastructure projects including NMIA". New Mogadishu Development Corporation. Retrieved 2025-07-14.
- ^ "Somalia's President launches Mogadishu infrastructure projects". Daily Nation (Nation Africa). 17 December 2024. Retrieved 2025-07-14.
- ^ "Revealed: New Mogadishu Airport Project to Cost Nearly $1 Billion". Radio Dalsan. 1 July 2025. Retrieved 2025-07-14.
- ^ "Somalia Launches Construction of $800 Million Haawaay Airport Project". Construction Review Online. 1 July 2025. Retrieved 2025-07-14.
- ^ "Somalia bids for the future with new $643 mln airport". The EastAfrican via ZAWYA. 24 December 2024. Retrieved 2025-07-14.
- ^ MoPIED (2025-01-06). "Monthly Newsletter – December 2024". Ministry of Planning. Retrieved 2025-07-05.
- ^ a b Cite error: The named reference
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