According to the agreement, the first phase of the investment is worth Dhs 170 m and will see a set of new companies established to operate, manage and build Bosaso's free trade zone and sea and airport facilities. The Bosaso Airport Company is slated to develop the airport complex to meet international standards, including a new 3.4 km runway, main and auxiliary buildings, taxi and apron areas, and security perimeters.
Prior to the outbreak of the civil war in 1991, the roughly 53 state-owned small, medium and large manufacturing firms were foundering, with the ensuing conflict destroying many of the remaining industries. However, primarily as a result of substantial local investment by the Somali diaspora, many of these small-scale plants have re-opened and newer ones have been created. The latter include fish-canning and meat-processing plants in the northern regions, as well as about 25 factories in the Mogadishu area, which manufacture pasta, mineral water, confections, plastic bags, fabric, hides and skins, detergent and soap, aluminum, foam mattresses and pillows, fishing boats, carry out packaging, and stone processing. In 2004, an $8.3 million Coca-Cola bottling plant also opened in the city, with investors hailing from various constituencies in Somalia. Foreign investment also included multinationals like General Motors and Dole Fruit.
Airspace over Somalia is controlled by the UN, with the $275 per plane going to the UN rather than the Somali government. The TFG is trying to obtain control of the airspace, but it is not known if they will be able to maintain it effectively
