In October 2013, the federal Cabinet endorsed an agreement with the Turkish firm Al-Bayrak to manage the Port of Mogadishu for a 20-year period. According to the Prime Minister's Office, the deal was secured by the Ministry of Ports and Public Works, and also assigns Al-Bayrak responsibility for rebuilding and modernizing the port. In April 2014, the Federal Parliament postponed finalization of the Seaport Management Deal pending the approval of a new foreign investment bill. The MPs also requested that the agreement be submitted to the legislature for deliberation and to ensure that the interests of the port's manual labourers are taken into account. In September 2014, the federal government officially delegated management of the Mogadishu Port to Al-Bayrak. thumb|left|The Port of Mogadishu harbor. According to Al-Bayrak, the majority of its revenue share will be re-invested in the seaport through additional port-based trade and new docks, construction materials and machinery. The company also plans to install an environment wall and a closed circuit camera system in accordance with international security protocols, erect a modern port administration building, and clean the ship entrance channels via underwater surveillance. As of September 2014, the first phase of the renovations are reportedly complete, with the second phase underway.
In October 2013 the federal Cabinet endorsed an agreement with the Turkish firm Al-Bayrak to manage the Port of Mogadishu for a 20-year period According to the Prime Minister's Office the deal was secured by the Ministry of Ports and Public Works and also assigns Al-Bayrak responsibility for rebuilding and modernizing the port In April 2014 the Federal Parliament postponed finalization of the Seaport Management Deal pending the approval of a new foreign investment bill The MPs also requested that the agreement be submitted to the legislature for deliberation and to ensure that the interests of the port's manual labourers are taken into account In September 2014 the federal government officially delegated management of the Mogadishu Port to Al-Bayrak thumb|left|The Port of Mogadishu harbor According to Al-Bayrak the majority of its revenue share will be re-invested in the seaport through additional port-based trade and new docks construction materials and machinery The company also plans to install an environment wall and a closed circuit camera system in accordance with international security protocols erect a modern port administration building and clean the ship entrance channels via underwater surveillance As of September 2014 the first phase of the renovations are reportedly complete with the second phase underway