The Economic and Social Development Plan 2020, is the framework established by the Government of Equatorial Guinea with the aim of diversifying the economy and creating an unprecedented attraction for direct foreign investment, highlighting sectors such as electricity, light industry, tourism , banking, services to companies and the primary sector.
The opportunities to invest in Equatorial Guinea today are mainly focused on the construction sector, which is in full development. This activity affects large government projects such as the creation of the city of La Paz, capital of the province of Djibloho, and the construction of Malabo II in its expansion phase. The State has played a key role in the extensive network of infrastructures such as roads, ports, airports and incentive, and continues to promote other major housing construction projects, both official protection and private promotion.
Most of the 11,000 million dollars of FDI invested in Equatorial Guinea since the mid-1990s comes from US companies.
The discovery of large deposits of oil and gas in those years has transformed the country into the fastest growing economy in Africa and one of the main destinations for US investment in the continent.
Equatorial Guinea is articulating its oil extractive industry through two large groups of projects. On the one hand, the extraction of crude oil from the Zafiro, Ceiba and Alba fields; On the other, the use of derived gases, mainly from the Alba field, to obtain three final products for export.
Investing in Equatorial Guinea is attractive because it houses 4.1% of the world's oil reserves. Since the exploitation of its oil resources began in 1992, the country has taken a 360º turn in its economy, currently becoming the third largest producer of oil in sub-Saharan Africa, after Nigeria and Angola, the first gas supplier to the states of the CEMAC. In recent years it has opened its doors to direct foreign investment and there are many companies that currently operate in Equatorial Guinea.
At a sectoral level, some progress is registered in sectors such as fishing and naval, which highlights the construction of shipyards and maintenance of ships, processing and packaging of marine products, improvement of the smoked products sector, as well as the construction of an aquifer plant ; in the agricultural sector, there is the creation of a fund for agricultural development, the establishment of training centers for agricultural workers, investment in new machinery, construction of a center on agricultural technology, and the improvement of the processed food export process.
In the field of tourism, several new hotels and resorts have been built, ecological tourism and safaris have been promoted, the promotion of water sports has increased thanks to the adequate infrastructures, the improvement of the transport network and media, without ruling out the promotion of Human Resources training in the same sector.