Namibia Investment Promotion and Development Board (NIPDB) says it currently has N$ 94.72 billion active prospective investments being facilitated, with a potential of creating 122 000 jobs.
Based on the multiplier effect, NIPDB Chairperson and Chief Executive Officer, Nangula Uaandja said the investments have a total GDP impact potential of N$ 185.51 billion, of which N$ 17.5 billion is in the Treasury.
Uaandja said potential renewable energy projects worth N$37.85 billion were in the pipeline, followed closely by other sources of energy which have attracted investments worth N$31.36 billion.
Real Estate and Housing according to NIPDB figures have attracted N$10.48 billion in potential investment, followed by Metals, Mining & Adjacent Industries at N$9.85billion.
The country’s Transportation & Logistics sector according to the NIDPB has attracted N$1.8 billion in potential investment, Agriculture & Food Processing N$1.55 billion, Machinery, Electronics & Other Manufacturing, N$750 million, Digital & Global Business Services N$950 million, Tourism, Hospitality & Entertainment N$100 million and Health & Pharmaceutical N$40 million.
Uaandja said N$ 4.83 billion Impact of Investments are already facilitated towards Capital Deployment or Implementation.
The pronouncement by the investment body comes as the Namibian Pavilion at the just ended Dubai Expo recorded a total of 397 255 visitors and 192 investment leads, primarily in the areas of renewable energy, tourism and education.
