Barrow lays foundation for Special Economic Zone

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By: Special Reporter

President Adama Barrow Friday laid the foundation stone for Gambia’s “Special Economic Zone Business City” initiative at Banjul International Airport.

The project is a Joint Venture Agreement between TAF Africa Homes Global and the government through The Gambia Investment and Export Promotion Agency (GIEPA).

Addressing the gathering, President Barrow said the initiative was part of his government’s pledges to integrate a private sector led economic growth.

“I would like to take this opportunity to applaud GIEPA and TAF Africa Homes Global Ltd for rising to my call to build GIETAF Special Economic Zone, a new business city to signal the emergence of the New Gambia,” he noted.

According to Barrow, the project aims at achieving a balanced economic space that promotes trade and investment through industrial activities.

“Such a modern Special Economic Zone focuses on export promotion, creates jobs, and integrate within its surroundings. Situating economic activities closer to the community would provide direct employment avenues for Gambians. This is in line with the strategies in our National Development Plan 2018-2021,” he said.

“This initiative we are witnessing today represents a great source of pride for The Gambia and it is as a result of the enabling policy and business environment that is designed to boost our national development.”

“My administration will continue to pursue explicit policies that guide our national development and create an enabling business environment that attracts investors and strengthen private sector development,” the Gambian leader added.

President Barrow says the Gambia “needs economic independence” through employment and opportunities for wealth creation towards poverty eradication.

“Economic independence of our citizens would make our socio-political independence meaningful,” he emphasized.

President Barrow made the remarks while laying the foundation stone for Gambia’s “Special Economic Zone Business City” Project at Banjul International Airport.

“Since our political independence 53 years ago, generations have been working hard to improve their economic situation, thus great names in the business sector of The Gambia, like Mustapha Njie – TAF.”

“Distinguished guests, ladies and gentlemen, the principles of private sector led growth and our belief in the private sector as engine of economic growth will continue to be a fundamental national development pillar.”

“My government will continue to carve out and adjust to responsive policies and strategies to support greater private sector participation in the domestic economy,” Barrow added.

The Gambian leader continued, saying that laws governing trade and investment would be aligned to international best practice, and encourage citizens to uphold the rule of law and principles of justice.

“This will increase investor confidence and greater protection of investments,” he added.

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