Cooking Oil Extraction and Refining Plant

Somalia offers a strong investment opportunity for a local edible oils refinery and extraction plant due to rising domestic demand and heavy reliance on imports. In 2022, the country imported $186 million in palm oil, with household consumption averaging 20–75 liters per person annually. No local refinery currently exists.

Establishing a refinery would bridge this supply gap, reduce import bills, and create a sustainable domestic production chain. Supported by existing industrial zones, port access and commercial networks, the project promises both high returns and significant market impact.

Project Location:

Somalia

Lead Agency/ Project Promoter:

SOMINVEST of the Ministry of Planning, Investment and Economic Development (MOPIED), and a Private Investor.

Contact

Physical Address: Hussein Elabe Fahie Building, Afgoye Road-KM5, Mogadishu, Somalia.
Email: info@sominvest.gov.so

Physical Address: Afgoye Road KM5, Mogadishu, Banadir, Somalia.
Email: info@moe.gov.so

Actions Required/ Implementation Arrangements/ Contract Type:

Joint Venture

Availability of Pre-feasibility Studies, Feasibility Studies, and other Studies:

Available

Estimated Cost of the Project:

USD 10 million

Investment Required

USD 10 million

Period of Implementation:

10 Years