The multiple-sector flagship special economic zone in Nkok is keeping its promises. Two years after the launch of the project, this industrial and commercial area, which affords numerous advantages for companies, is attracting takers. To date, the zone has 62 investors, 40 of whom hail from the industrial sector. Their projects are expected to represent a total of almost 1.7 billion dollars in Direct Foreign Investments (DFI).
Numerous advantages to encourage investment
Pending the start-up of the construction phase for each individual business, the contours of the SEZ are taking shape daily. Some 80% of the 225.56 hectares of the industrial zone have already been sold. As for the commercial zone, 52% of the space has already been retained.
As a reminder, the Special Economic Zone (SEZ) of Nkok is situated 27 km from Libreville. It is fully a part of the strategy for an Emerging Gabon, attracting new industries with the emphasis on the production and transformation of timber in the country.
Extending over an area of 1,126 hectares, this large-scale project amounting to 120 billion CFA francs is co-funded by Asian corporation Olam (60%) and the Gabonese State (40%). The zone offers fiscal advantages for investing companies such as 10-year exemption from companies’ tax and exemptions from Customs fees and duties on the import of equipment, machinery and spare parts. Lastly, by 2015, the area is expected to create 7,000 jobs, a large number of which will be for Gabonese workers.
To find out more
Find all the information about the Nkok SEZ by downloading the document below.