Investment project: Cultivation and export of cut flowers and foliage to regional and international markets.
Description:The project located in North Western part of Swaziland will provide foreign exchange and create job opportunities. SICO has carried out a pre-feasibility study, acquired 20 hectares of land (more can be availed), and regularly attends flower auctions in Amsterdam in search of markets and trends. The sector is dominated by one company, while small players focus on growing flowers for the domestic market.
Location of investment: Lamgabhi. The site has four micro-climates, good soils, and proximity to an international airport. There are excellent roads in place and plenty of water for irrigation.
Promoter: The Swaziland Investment Consortium (SICO).
Cost of
investment: US$ 10-15 million.
Implementation period: 2-3 years
Incentives: 10% corporate tax, duty free importation of agricultural equipment and related. Local funding is also available.
Percentage of ownership depends on the form of partnership between SICO and interested foreign investors.
Breakeven point: 4 years
For further information regarding the floriculture investment contact the co-ordinating entity, SIPA.
Key contact: Zizwe Vilane
Director: Foreign Direct Investment
Email: vilanez@sipa.org.sz
