Mogadishu (Dawan Africa) – The National Mogadishu Development Company (NMDC) on Thursday announced the opening of its public share offering for the New Mogadishu International Airport project, following the finalization of key legal, financial, and governance preparations.
According to NMDC’s July 2025 investor update, the company has completed its legal framework, risk management systems, and financial planning, enabling it to begin selling shares to interested investors. The offering relates to one of the largest infrastructure projects currently under development in Somalia.
The New Mogadishu Airport is in its first construction phase and forms part of a broader economic zone. NMDC stated that the investment prospectus, now finalized, provides detailed information to help investors make informed decisions.
Project and Offering Details
. Estimated project cost: US $643.44 million
. Price per share: US $35.52
. Annual passenger target: 5 million
. Projected annual flight operations: 130,000
The NMDC prospectus outlines the company’s business model, governance structure, share information, potential risks and returns, and how the funds raised will be used. It also includes an overview of investor rights and responsibilities.“This prospectus is issued to ensure that all potential investors have access to clear, transparent, and accurate information before participating in the share offering,” the company said in a statement.
The share sale is part of NMDC’s plan to finance the airport’s construction and related facilities. The company indicated that proceeds will go toward the development and operational stages of the project.
