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 Airport.
The Gambia Investment and Export Promotion Agency (GIEPA)
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 GIEPA. The Developer/Manager
will jointly promote the Park with the assistance of
GIEPA both nationally and internationally as a location
for new industry/business development.
Package:
An attractive package of incentives has been assembled
by GIEPA for potential investors at the Business Park.
The first phase development of the July 22nd Business
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.
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.
GIEPA 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. |
