Creates a new Special Economic Zone - the Mpassa-Lebombi
14 Apr 2022
On 14 April 2022, the Government announced the construction of a new Special Economic Zone (SEZ), the Mpassa-Lebombi, in the south-eastern province of Haut-Ogooué. The SEZ aims at attracting investment in the agricultural and forestry sectors. Like the two existing zones, it will be a joint venture between the Government and Singaporean commodity trading firm Olam International, which acts as the principal shareholder (40.5%). The SEZ will be developed and modelled after the Nkok SEZ, which was created in 2011. Firms wishing to set up in the SEZ need to export at least three-quarters of their production. In return, the zones provide tax exemptions, efficient infrastructure and access to the local resources.
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Type:
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Promotion and facilitation (Special economic zones)
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Industry:
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Primary (Agriculture, forestry and fishing)
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Sources:
