A Port Management Company from United Arab Emirates is set to take over several Seaports and Airports in Puntland State, Somalia. The president of Putnland mr Adde muse said that Bosaso Seaport and other Seaports will be handed over to the Emirates Firm. The Puntland state Administration have secceeded to start several projects this year including an Agreement with African Oil Company to start oil drilling project in the region.

While the pro-Ethiopian Administration is focusing to bring a hope to the economical crises in the region, the security of the region is getting worse day after day.