Economy
Puntland has 1600 km of coastline, which is abundant with fish and other natural marine resources. However, after the collapse of the Somali central government in 1991, the coast was left unguarded against foreign intruders. As a result, many ships equipped with heavy trawls and other unlawful fishing equipment have occupied in Puntland's territorial waters. These ships violate catch regulations, including some which keep their catch alive and stock them in waters where fishing has been depleted. Puntland's coastal authorities continue to receive complaints from local fishermen about the damage being done by these outsiders.
Puntland exports great quantities of seafood such as lobsters, dried fish, and tuna. Sea salt is also produced.
Other economic products and activities of Puntland include livestock, frankincense, myrrh, gum arabic, manufacturing and agriculture.
In Las Khorey, there is a medium size fish processing plant that produces and processes great quantities of tuna fish. The fish factory's products are of commercial quality, and its tuna is consumed throughout Puntland and also outside the region. Another fish processing plant is also being constructed in Habo, which locals hope will reduce poverty and unemployment and improve the area's economy.
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