The Nara Namib Free Economic Industrial Zone

Objective

The project intends to help Namibia grow as a center for industrial operations and logistics, creating opportunities and jobs across multiple sectors, including agriculture, fishing, automotive, and mining. The first phase of the project will comprise of a gross industrialized area of about 50ha, with expansion opportunities of up to 1,500ha. The development of the first phase of the zone is said to have the potential to create about 3,000 jobs and help attract investment to Namibia of approximately US $237m. Expansion to 1,500 hectares is expected to increase the potential investment to around US $1.7bn and at least 20,000 job opportunities.

Description

The Nara Namib Free Economic Industrial Zone is a development in Walvis Bay, Namibia that aims to create a center for logistics and industry.

Finance