Foreign Direct Investment

During recent years, Liberia has experienced an increase in Foreign Direct Investment (FDI). It is anticipated that as Liberia continues to grow, FDI will continue increasing, particularly in natural resources and cash crops. Investments in the service sector are also expected to increase considerably. The NIC works to ensure that while unlocking Liberia's natural resources, the country's national interest is safeguarded, jobs are created, and access to capital, new technologies, markets, and world-class training and business development is accelerated.

The government, through the Inter-Ministerial Concessions Committee (IMCC), works to ensure that the country enters agreements with renowned and reputable investors, who understand the country's need to build upon its natural resources, strategic location and youthful labor pool, to bring growth and development to its people. The National Investment Commission (NIC) chairs the IMCC, which includes permanent committee members from the Ministries of State, Finance, Justice, and Planning and Economic Affairs, as well as other key stakeholder ministries and agencies.

Economic Indicators:

Below are some of the contracts negotiated by the IMCC between 2006 and 2010. These projects are classified as major investments because they exceed US$10 Million with concession agreements spanning over ten years. Relevant institutions of Government such as the NIC, Bureau of Concessions, and Environmental Protection Agency are tracking these investments to ensure their full compliance with existing investment, environmental, tax and labor Laws of Liberia.

SECTOR	CAPITAL	POTENTIAL JOBS	LOCATION
Mining
Revised Mittal Steel Agreement	$1.6 Billion	3,000	Nimba Buchanan
China Union/Bong Mines MDA	$2.6 Billion	3,000	Bong
Seversta/Putu MDA	$2.0 Billion	2,000	Grand Gedeh
BHP Billiton/Kitoma, Goe Fentro MDA	$1.8 Billion	2,500	Lofa, Nimba
AmLib (Kokoya and Cestos)	$100 Million	200	Nimba, River Cess
Africa Aura (Gola Konneh)	$150 Million	200	Cape Mount
Agriculture
ADA/LAP Commercial	$30 Million	200	Lofa
Decoris Oil Palm Plantation	$64 Million	1,000	Maryland
Cavalla Rubber Plantation Rehabilitation	$65 Million	1,000	Maryland
Sime Darby Gurthrie Plantation	$800 Million	30,000	Cape Mount
Golden Veroleum/Southeast Plantations	$1.7 Billion	40,000	Maryland
Equatorial Palm Oil	$100 Million	10,000	Grand Bassa
Hotels
Robert L. Johnson/Kendeja Hotel	$10 Million	160	Monsterrado
Golden Gate Hotel/SKD Stadium	$8 Million	100	Monsterrado
Cape Hotel, Golden Key, Palm Springs, Royal	$50 Million	400	Monsterrado
Industries
BRE/Vattenfall Wood Ship Export	$200 Million	700	Grand Bassa
BR Power 35MW Power Plants	$150 Million	300	Grand Bassa
CEMENCO New Mill	$20 Million	100	Montserrado
Forestry
5 Timber Sale Contracts	$20 Million	500	Various Counties
4 Forest Management Contracts	$60 Million	2,000	Various Counties
Petroleum
Anardako/Repsol/Oranto/Africa Petroleum/European Hydrocarbon	$500 Million	200	--
20 New Total Stations	$20 Million	1,000	Various Counties
Finance
Guarantee Trust Bank	$8 Million	100	Montserrado
Access Bank	$6 Million	100	Montserrado
UBA Bank	$8 Million	100	Montserrado
Lib. Enterprise Dev. Fund	$8 Million	10	Montserrado
Infrastructure
APM Terminal, Port of Monrovia, Privatization	$100 Million	250	Montserrado