Investment opportunity: Establishment of a chipboard manufacturing factory
Sector description: The forestry sector and related processing operations make up 15% of the country’s GDP and directly employs about 8,000 people. It also provides business for many sub-sectors which supply services such as forest management, fire fighting and transport. About 36% of the country’s area is under indigenous or man-made forests such as Usutu pine forest , one of the largest man-made forests in the world.
The establishment of a chipboard manufacturing project would be the first ever, benefiting from plenty of waste from saw mills across the country.
Cost of investment: The level of investment depends on the scale of the project. Joint ventures are preferred for this specific opportunity, though
there is a 100% foreign ownership option.
Some of the incentives to investors include:
• 10% corporate tax
• 50% Initial depreciation
• Unlimited loss carry forward
Interested investors can get further information from the Swaziland Investment Promotion Authority SIPA.
Contact person: Zizwe Vilane
Director: Foreign Direct Investment
e-mail: vilanez@sipa.org.sz
