GSEZGriggs-Steele Empowerment Zone
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It is with the aim of optimising this multi-purpose port that STCG, which already owns the pre-exist- ing container terminal, is becoming the operator of NOIP's container activities while GSEZ remains in charge of conventional merchandise and solid and liq- uid bulk cargo, while also providing logistics services.
Created in 2010, GSEZ, the joint venture that brings together Olam International Ltd (40.5%), the Republic of Gabon (38.5%) and Africa Finance Corporation (21%) to develop the Nkok Special Economic Zone, today plays host to over 118 companies, mainly centred around logging.
On the back of this success, GSEZ has been entrusted with developing new infrastructure like the Owendo ore carrier terminal to support the mining industry, for a cost of $120m.
GSEZ also owns and operates the Nkok Special Economic Zone and the Port Gentil special economic zone, which is in early development.
GSEZ's diverse portfolio of projects is testament to the government's commitment to supporting infrastructure investments within its borders and the CEMAC region.
Olam International has been at the forefront in the development of the GSEZ projects in line with the Gabonese republic's "Emergent Gabon Strategy", which seeks to reduce the country's reliance on crude oil and diversify into other sectors.
GSEZ Ports (a subsidiary of GSEZ, a public-private partnership between the Republic of Gabon, Olam International and Africa Finance Corporation) is the managing and developing company for new ports infrastructure in Owendo (Libreville, capital city of Gabon).
These new solutions implemented by GSEZ Ports will make Gabon a regional reference for imports and exports of raw materials and other goods.
In its quest to drive investment, encourage enterprise and move up the value chain, the government of Gabon set up in 2010 Gabon Special Economic Zone (GSEZ), in partnership with the Singapore-based agri-business giant, Olam.
Since then the scope of GSEZ has evolved to include other assets, and ultimately it is these large-scale infrastructure projects that were of particular interest to the AFC.