Financial Resource Allocation Strategies and Project Outcomes Study of Buruj Real Estate Development in Mogadishu, Somalia

The study examined the effect of financial resource allocation strategies on project outcomes of Buruuj real estate Development Company in Mogadishu, Somalia. The study was guided by the following objective; assess the effects of financial resource allocation on the project outcomes of Buruuj, real estate and Development Company in Mogadishu, Somalia. Study was guided by Resources Based Theory (RBT). Sample size of 135 respondent’s respondents selected from targeted population of 260. The research employed cross-sectional research design, the questionnaire and interview guide were used as the research instruments. Descriptive statistics employed include frequencies, means and regression analysis on variables. The study found out that financial resource allocation strategies has a positive significant effects on the project outcomes of Buruuj real estate and development in Mogadishu, Somalia (β = 0.501, Sig = 0.000). The study concludes that financial resource allocation strategies has a positive significant effects on the project outcomes of Buruuj real estate and development projects. The study recommends that real estate and development companies should develop financial resource allocation policy guideline to facilitate seamless access to necessary financial resources required at each phase of the project activities.