The Ministry’s top priority is to transform and diversifies the Somaliland's single sector based economy ( export of livestock) into industrialized and multi sectoral based economy, for that reason the Ministry is mandated the formulation, implementation, monitoring and evaluation of Policies, Procedures, Guidelines and Regulations for supporting the development and promotion of Industrial development including industrial research and studies, Investment Promotion, attraction and development of foreign and domestic Investment in the manufacturing sector in the Country.