Liberia’s Investment Opportunities Promoted at United Nations Meeting
Forestry
At A Glance
- Accounts for 43 percent of the remaining tropical rainforests in the entire Upper Guinea Basin
- More than 40 percent of the country—4.3 million hectares—is covered in forests. These forests are home to 240 species of timber, including the highly valued African mahogany.
- To date (2011), four forest management contacts, valued at approximately USD 60 million and nine timber sales contracts, valued at approximately USD 40 million have been awarded to local and international investors.
- The forest is of significant economic importance to Liberia due to its employment and revenue generating potential.
Key Opportunities
- Log exports have the potential to reach one million cubic metres, which would gross about USD 332.8 million in export earnings over a three year period.
- Opportunities available in the downstream processing of wood products, especially for furniture making.
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