After the Bosaso Port fiasco? Interesting move non the less enhancing the UAE’s influence in Somalia to counteract the Qatari -Turkish grip on Mogadishu.
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Looks like a scam to me.
The maths does not even support expanding the airport anymore than it is now. The demand is not there.
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Well, with pirates, they are borne scammers, to say the least. So, I wouldn’t put it pass them not to try to pull off this kind usual financial’s scam.
However, I have yet to see what could be in it for the Arabian’s counterparty to really get engaged in, or get themselves involved in, with this sort of a deal.
Particularly, if it’s true that some Arabian’s business outfit is trying to run this airport as a going concern business enterprise in out there of the pirate’s fiefdom.
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The timing speaks volumes. To announce this in a low key way during the Heritage organised Forum for Ideas in Garowe. Apparently Somalia is still in transition!
From Puntland’s point view, it’s trying to attract foreign investment which has been scarce even after all the grandiose promises a year ago at their Investment Forum in which 100’s of millions was promised from the likes of Hyundai. I think also as Geeljire pointed out their airports are not economically viable and they must have been bleeding money so bad they had to offload it ASAP.
From the UAE perspective, I think overall its part a larger US policy of making sure China doesn’t get a larger foothold in the horn than it already does and using surrogates to do it, whether UAE, Taiwan etc.
The cynic in me also thinks the UAE are all in investing in SL and want to safeguard that investment against and future competition be it from the likes of China , Turkey, Qatar heck even Djibouti 
!
What about the Federal Government. Deni must have got this concession from Farmaajo during that month in September when they were working out the election /selection mechanisms along with other state leaders. Since then things haven’t gone to plan with both parties blaming each other for reneging on commitments from that meeting.
Also don’t deals like this require parliamentary approval?
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Foreign Investors are not stupid. Considering the security situation and the risk involved, the ROI has to be too good to refuse.
They are playing one leg in Federalism circle and another leg as a Defacto state. But it seem to have backfired from both sides. Wax badso wax beel ayay dhashaa.
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