Introduction:
Development and Management of Free Zone & Business Park Opportunity:
The Government of The Gambia has commissioned Phase 1 for the
development of a 160 hectare Industrial & Business Park at Banjul
International Airport.
The Gambia Investment Promotion and Free Zones Agency (GIPFZA) has
been mandated by the Government to appoint a company that will be
responsible for the development and management of the Park under lease
concession from GIPFZA. The Developer/Manager will jointly promote the
Park with the assistance of GIPFZA both nationally and internationally
as a location for new industry/business development.
Package:
An attractive package of incentives has been assembled by GIPFZA for
potential investors at the Business Park.
The first phase development of the Park of 20ha of which 8.8 ha is
completed contains two pre built international standard factory units,
each 1000 m2 in area, together with its own energy centre, workshops,
independent water treatment plant, solid waste and effluent sewerage
treatment plants, telecommunications network, and first class access
roads.
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Investment Climate:
The Gambia is fast becoming a first choice location for new
investment. The political and socio-economic stability in the
country is unique to the sub-region. Together with the
investment incentives, the streamlined business procedures, and
a Government committed to public/private sector partnerships,
the international image of The Gambia as an investment location
has never been more positive.
The labour force is young, active, flexible and relatively
inexpensive. The Government’s strategy for education embraces
both academic and vocational skills development thus ensuring a
future strong skills base.
The strategic location of The Gambia on the edge of the Atlantic
Ocean, offers convenient access to the US, EU and to the rest of
Africa.
GIPFZA has already got a ‘healthy’ pipeline of eligible
investment projects for the Park and is confident that together
with a suitably experienced partner, the “July 22ND Business Park”
at the Banjul International Airport will prove to be a major
catalyst in the economic development of The Gambia.
The Gambia has publicly stated that the private sector will be
“the engine of national development” and that private capital
should play an important role in the economy.
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