Sierra Leone is set to experience a major economic turnaround with the implementation of the ARISE Integrated Industrial Platforms (ARISE IIP) investment portfolio. This initiative, which includes the development of an Industrial Zone and management of the Rail, has the potential to generate billions of dollars for the country.
One of the key benefits of the Sierra Leone Industrial Zone is the creation of around 30,000 formal job opportunities for the local population. This will play a crucial role in tackling the high unemployment rates in the country, leading to improved income levels, increased consumer spending, and overall economic well-being.
Furthermore, the establishment of the Sierra Leone Industrial Zone is expected to attract significant foreign direct investment (FDI). The monetary value associated with FDI can be estimated by considering its impact on various economic indicators such as GDP, balance of trade, tax revenues, and productivity gains. These investments have the potential to contribute significantly to economic growth and development.
Additionally, the Sierra Leone Industrial Zone is projected to greatly enhance export promotion, resulting in increased foreign exchange for the country. The value of expanded exports can be estimated by considering factors such as the volume and value of exported goods, import substitution effects, and potential multiplier effects on related industries and services. With plans to establish approximately 40 manufacturing factories in the Industrial Zone, it is evident that this development will add billions of dollars to the economy.
ARISE IIP has already demonstrated its success in catalyzing industrial growth and job creation across several African countries. In Gabon, for instance, their management of the Gabon Special Economic Zone (GSEZ) has led to the creation of 16,000 jobs, attracted 120 investors, and transformed Gabon into Africa’s leading veneer producer and exporter.
ARISE IIP’s primary focus is on establishing industrial ecosystems that generate significant local added value and sustainable growth. Their presence extends to countries such as Benin (GDIZ), Togo (PIA), Gabon (GSEZ), and Côte d’Ivoire (ZIC), where they actively assist in transitioning to industrial economies while minimizing carbon emissions and climate impact.