Counting the Cost
Puntland: In search of black gold
As oil companies have started drilling in the autonomous Somali region, will it turn rags into riches?
Last Modified: 21 Jan 2012 13:08

Puntland, one of the poorest regions in Africa, has been a semi-autonomous region in Somalia since 1998 when it was formed in response to the collapse of the government and the ongoing civil war in the south.

It has been calm recently compared to the lawless south, but illegal fishing, dumping and piracy along its coast are a barrier to progress.

But now for the first time in 20 years oil companies are drilling in Puntland and the region is hoping to see how transformational and powerful natural resources can be to a struggling economy.

Oil could offer the jobs and revenue the region desperately needs.

So has the autonomous region of northern Somalia found the source of its own renewal? Could oil change change the fate of Puntland? We talk to one of the men who is drilling for black gold.

We also take a look at Kabul's real estate market. First war and then investment brought many foreigners to Afghanistan's capital which led to a higher demand for real estate resulting in high property prices.

But with a scaling down of commitments in Afghanistan starting to kick in, what has happened to the property bubble?

The Dharavi slum of Mumbai, India is the largest slum in Asia - and an enormous site of industry and commerce. Now a plan by the Indian government to turn it into a multi-billion dollar township is raising concern.

We also visit the London high street store where you can walk in and buy a private jet.

Plus, we speak to Andrew Burns from the World Bank about the latest, rather grim growth forecasts.


Counting the Cost can be seen each week at the following times GMT: Friday: 2230; Saturday: 0930; Sunday: 0330; Monday: 1630.

Click here for more on Counting the Cost.

Al Jazeera
Topics in this article
Featured on Al Jazeera
Muslim volunteers face questioning and threat of arrest, while aid has been disrupted or blocked, charities say.
Six months on, outrage and sorrow over the mass schoolgirl abduction has disappeared - except for families in Nigeria.
ISIL combatants seeking an 'exit strategy' from Mideast conflict need positive reinforcement back home, analysts say.
European nation hit by a wave of Islamophobia as many young fighters join ISIL in Syria and Iraq.
Lack of child protection laws means abandoned and orphaned kids rely heavily on the care of strangers.
At least 25 tax collectors have been killed since 2012 in Mogadishu, a city awash in weapons and abject poverty.
Since she was 16-years-old, Scottish Nationalist Party's Sturgeon has strove for independence from the UK.
Armed group's ransom success with German hostages marks a re-emergence, as authorities investigate ISIL links.
Western nations are moving into the resource-rich country after decades of disinterest, challenging China's interests.