11 December 2007
The Gambia is becoming an increasingly popular destination for investors looking for cheap and profitable opportunities.
Whether you are looking for new developments in the tourism market, such as hotels or entertainment facilities, or for agro-related businesses, such as industries processing local fruits, vegetables or forestry products, the Gambia is the place to opt for.
The ex-British colony is the new Florida or Caribbean, enjoying sunshine all year round. However, tourists heading for the Gambia will not suffer any jet-lag as it is on the same time zone as the UK. The flight to London lasts six hours.
With an efficient port system and airline networks, the country enjoys a unique location in West Africa, as well as an attractive labour cost, and is open to both European and North American markets.
The climate is ideal for agriculture and the prospect of the tourism industry is more promising than ever.
Tourism is one of the most dynamic sectors of the economy, amounting to 16 per cent of the country's GDP. The number of tourists has increased by 19.2 per cent compared to last year.
The government encourages investors from all horizons to come to the Gambia, and has set up The Gambia Investment Promotion and Free Zones Agency (GIPFZA), which is responsible for encouraging both local and foreign direct investment.
The agency provides information and assistance to new investors throughout their business ventures.
