Invest in Light Manufacturing in The Gambia
The Government developed the National Export Strategy 2021-2025 which includes Light Manufacturing among its strategic priority sectors for development, along with Tourism, Agribusiness and Horticulture, Fisheries, Ground Nuts and Cashews.
Reliance on imported goods as well as the country’s size, location on the Atlantic ocean and strategic position as a gateway to the greater West Africa region constitute a significant opportunity for The Gambia to grow its Light Manufacturing sector.
As outlined by the National Export Strategy, the following products are targeted for the Light Manufacturing sector in The Gambia:
- Knitted Articles of Apparel and Clothing
- Articles of Apparel and Clothing – Not Knitted
- Other Made Up Textiles
- Iron and Steel
- Articles of Iron and Steel
Top 6 Reasons: Why Investors Should Choose The Gambia for Light Manufacturing
Strong Demand Outlook
The Gambia has a growing population and a high reliance on imported goods, creating an ideal opportunity to grow the domestic Light Manufacturing sector.
Attractive Sectoral Opportunities
The Gambia has promising sectoral opportunities for investors in Light Manufacturing.
The top products for light manufacturing investments include plastics, wood products, clothing, textiles and many more.
Stable Business & Policy Climate
The Gambia has strong macro-economic fundamentals with a liberal market-based economy.
The Government of The Gambia is also highly committed to growing the export sector, which the development of Light Manufacturing is important for, as well as decreasing reliance on foreign imports.
Preferential Market Access
The Gambia continues to benefit from sub-regional re-export trade as industries profit from the country’s liberal trade policies and strategic port location.
The country enjoys preferential market access to key markets such as the European Union, USA, ECOWAS, AGOA, AfCFTA, OIC.
Cost Effective Labor & Utilities
The Gambian workforce is one of the country’s principal assets, spurring considerable enthusiasm among businesspeople, both foreign and domestic.
The Gambia has an estimated labor force of 774,000 people and has competitive prices for industrial water and gas.
Dedicated Business Park for New Facilities
The new July 22nd Business park is a newly developed export processing zone that is ideal for new investors wishing to establish manufacturing operations.