page_title: Hafun
section_title: Economy
hierarchical_section_title: Hafun / Economy
caption_attribution_description: English: Hafun, Somalia
context_page_description: Hafun is a town in the northeastern Bari province of Somalia. Situated in Ras Hafun on the coast of the Guardafui Channel, it is the centre of the Hafun District, and the easternmost town in continental Africa. It is an ancient town previously known as Opone.
context_section_description: The Hafun Fishing Company was established in July 1992, in Bosaso. It was named after Hafun, where HFC also has an office. The firm exports a wide range of fish products to international markets. Among these are lobsters, frozen fish, dried shark meat and fin, which it mainly sends to Yemen, the United Arab Emirates and Oman in the Persian Gulf, as well as some products to Kenya in the African Great Lakes' region. The company is exploring additional global markets for its fish goods.
  In late 2014, the Udug Ltd. Company, in conjunction with the United States-based REDD Engineering & Construction Incorporation, began conducting feasibility studies for the renovation of the salt production plants in Hafun, Hurdiyo, and other littoral areas in Puntland. The first phase of the initiative was completed in March 2015 and saw the historic salt works in both towns refurbished following community-wide consultations. According to the Puntland Ministry of Planning and International Cooperation, the project focuses on stimulating entrepreneurship and sustaining job creation. It was inspired by calls for national reinvestment by the Puntland presidential office and the Puntland Chamber of Commerce. Additionally, Redd Engineering official Lowry Redd indicated that the initiative's second phase aims to make the Hafun plant again one of the main global suppliers of salt.
caption: The Hafun Salt Factory, built in the 1930s.[7]
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