Name of the Project
Special Economic Zone (SEZ) and a dry port.
Location
Area 55, in the north of Lilongwe, in Malawi.
Project Owner/s
ARISE Integrated Industrial Platforms (ARISE IIP), owned by Africa Finance Corporation, Afreximbank and Africa Transformation and Industrialization Fund, signed a development agreement with the government of Malawi in February 2024. Arise IIP will oversee the majority of the project, holding a 65% stake, while the remaining 35% will be shared by the Malawian government and local investors.
Project Description
The SEZ aims to stimulate and attract multisector investments – industrial and commercial – to the country, and offer logistic services and inland container depot services to enterprises in Malawi. It will promote the local processing of raw materials into high value-added finished products, with an emphasis on agricultural products and inputs.
Potential Job Creation
The project is projected to create a minimum of 132 000 direct jobs and more than 26 000 indirect jobs.
Capital Expenditure
$150-million.
Planned Start/End Date
Construction work is scheduled to start in 2024, with the zone expected to become operational from 2026.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
ARISE IPP, email contact@arisenet.com.