# Foreign companies in Somalia: who runs the port, the airport and other concessions > Foreign companies working in Somalia: Albayrak at Mogadishu port, Favori at the airport, DP World and P&O Ports, Simatech, Ziraat Katilim, with contract terms and audited revenue. Source page: https://calankii.com/en/economy/foreign-companies-in-somalia/ Last checked: 2026-11-12 Publisher: Calankii (https://calankii.com) ## The short version Since 2013 the federal government has handed the running of Mogadishu's port and airport to Turkish companies in exchange for a share of revenue, while DP World of Dubai and its subsidiary P&O Ports have taken concessions for Berbera and [Bosaso](/en/regions/bari/). For all Somali-owned firms, see the [Somali businesses](/en/businesses/). ## Mogadishu port: Albayrak The Turkish **Albayrak** group took over the operation and modernisation of Mogadishu port in late **2014** ([Anadolu Agency, September 2025](https://aa.com.tr/en/africa/turkish-firm-modernizes-and-runs-somalia-s-gateway/3700103)). Its local company is **Mogadishu Alport Corporation, Albayrak-Somalia**. Albayrak later signed a new **14-year concession** with the federal government, announced by Somali National Television, after talks on revenue sharing; the ports minister at the time was Mariam Aweys Jama ([Daily Sabah](https://www.dailysabah.com/business/economy/turkish-firm-signs-new-contract-to-operate-somalias-port-of-mogadishu/amp)). Somalia's Auditor General reported that the government received **$38,081,786.42** from Albayrak-Somalia in **2025**, under a deal giving the government **62.17 percent of gross revenue**. Independently audited accounts for the port were not available during the audit, and the company committed to an external audit ([Dawan Africa, 10 August 2026, reporting the Auditor General](https://www.dawan.africa/news/somalia-auditor-general-reports-usdollar422-million-in-2025-port-and-airport-concession-revenue)). ## Aden Adde airport: Favori **Favori LLC**, part of Turkey's Kozuva group, has run [Aden Adde International Airport](/en/infrastructure/aden-adde-international-airport/) since **2013**. The UN Monitoring Group described the contract in 2016 as a "technically poor" deal for the federal government, and the government was reviewing it in 2025 ahead of its expiry in 2028 ([Dawan Africa](https://dawan.africa/news/somali-government-expresses-dissatisfaction-over-management-of-mogadishu-airport); [Garowe Online, Turkey digs deeper into Somalia infrastructure projects](https://www.garoweonline.com/en/news/turkey-digs-deeper-into-somalia-infrastructure-projects)). For 2025 the Auditor General reported Favori's gross revenue at **$29,713,321**; the government's 25 percent share was $7,428,330.25, of which it received **$4,153,948.72**, with the rest flagged for follow-up. Favori said its audited accounts would be available in 2027 ([Dawan Africa, 10 August 2026](https://www.dawan.africa/news/somalia-auditor-general-reports-usdollar422-million-in-2025-port-and-airport-concession-revenue)). ## DP World and P&O Ports **DP World** of Dubai signed a **$442 million** joint venture with [Somaliland](/en/states/somaliland-1991-to-2026/) to manage and expand **Berbera** port ([Gulf News](https://gulfnews.com/business/dp-world-signs-442m-joint-venture-with-somaliland-1.1825624)). In 2017 **P&O Ports**, part of DP World, signed a **30-year, $336 million** concession for **Bosaso** with [Puntland](/en/states/puntland/) ([Seatrade Maritime](https://www.seatrade-maritime.com/ports-logistics/p-o-ports-inks-concession-to-develop-336m-port-in-somalia)). On 12 January 2026 the federal government announced it was cancelling all agreements with the [United Arab Emirates](/en/relations/uae/), including port arrangements at Berbera, Bosaso and Kismayo ([Africanews, 12 January 2026](https://www.africanews.com/2026/01/12/somalia-cancels-all-agreements-with-uae-over-accusations-of-undermining-national-unity)); Somaliland and Puntland rejected the move. See [Somalia's seaports](/en/economy/ports/). ## Simatech **Simatech**, a Dubai shipping group, ran the first container ship service between Jebel Ali and Mogadishu in **January 2013** and supplied the first container handling equipment at the port. On **19 June 2016** President [Hassan Sheikh Mohamud](/en/people/hassan-sheikh-mohamud/) opened its **Simatech International Container Terminal (SICT)** in Mogadishu, built under an agreement with the federal government ([Hiiraan Online, June 2016](https://hiiraan.com/news4/2016/Jun/106020/simatech_launches_container_yard_freight_station_logistics_zone_in_mogadishu.aspx)). Its liner services were later taken over by Global Feeder Shipping ([Splash247](https://splash247.com/global-feeder-shipping-takes-over-simatechs-container-services/)). ## Banks **Ziraat Katilim**, a Turkish participation (Islamic) bank, is the only foreign bank branch on the Central Bank of Somalia's register of licensed banks ([Central Bank of Somalia, licensed banks](https://centralbank.gov.so/licensed-banks/); [Central Bank of Somalia, Annual Report 2025](https://centralbank.gov.so/wp-content/uploads/2026/08/Annual-Report_2025.pdf)). ## Sources disagree - **Length of the original port deal.** Reports describe Albayrak's first concession as 20 years or 30 years ([Garowe Online](https://www.garoweonline.com/en/news/turkey-digs-deeper-into-somalia-infrastructure-projects); [Middle East Institute](https://mei.edu/publications/far-benefactor-turkish-government-exploiting-somalias-fragility)). - **Length of the airport deal.** Some reports give 20 years, others 15 years from 30 June 2013 (same sources). --- I want to help with this: email hello@calankii.com. Fix this page: email hello@calankii.com with the page link and your source.