Why Invest in Light Manufacturing in Liberia?
Growing Market Opportunity
The global market for manufacturing is expected to rise be over USD $80 billion by 2027
Liberia's ambition is to strengthen its position as a location ready to support an increased amount of value-added manufacturing and opportunities for investors to strengthen their supply chains.
Liberia has traditionally been a location with abundant resources typically cultivated for export.
Liberia is now seeking to capture investment in a wide range of value-added manufacturing activities across multiple subsectors.
Strong Business Climate
Liberia has experienced steady GDP growth since 2010. The business climate Liberia is investor friendly, with low barriers to entry and smooth business registration processes.
Liberia has been a politically stable country for over two decades, and ranks highly in the Global Peace Index.
Preferential Market Access to Key Trade Partners
Liberia is strategically located on the west coast of Africa and provides access to major international markets.
Liberia has also formed international trade relationships with many major markets, granting preferential access and opportunities for export.
Development of Infrastructure
The government of Liberia is committed to improving the country’s infrastructure as a key priority.
Key improvements include the seaports, including the port of Monrovia which is to become a major transport hub and development of current rail and road infrastructure.
Skilled and Cost-Effective Labor
65% of the working population in Liberia is under 25, providing a youthful and eager workforce.
Skill development programs are ensuring skills availability in a wide range of sectors.
Salary costs are cost-effective compared to other locations.
Source: National Investment Commission, Netherlands Enterprise Agency, USAID