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Investment Zone

Overview

Investment Zones (IZs) have great potential to boost job creation, reconstruction, and economic growth in Haiti. Different Investment Zones are available in Haiti. There are several Investment Zones available in Haiti. Industrial Parks, Free Zones, and yet studies are being undertaken in order to establish Integrated Economic Zones (IEZs)

Industrial Parks

industriels_zones

Parc Industriel Métropolitain (PIM) / SONAPI � In Operation / Expansion. State owned

  • 48 Buildings currently
  • Portential to add 19 more
  • 4 requested by new investors
  • and 12 requested by existing operators for expansion

For more information see SONAPI census report.

SHODECOSA - Private -owned

Shodecosa Industrial and Commercial Park is the leading provider of storage space in Haiti, with over 2,500,000 square feet in Port au Prince and Gonaives. It has been operating in Port au Prince since 1979 and is presently owned and managed by the WI Group, the leading local investor in port facilities and bulk/break bulk storage.

For more information, please visit the WIN Group website.

North Industrial Park � State owned Park - In progress

  • Approximately 250 acres
  • Close to major population centers: 30 minutes to Cap Haitien by road, 30mn to Port-au Prince by air
  • Connected to regional road network
  • Close to port at Cap Haitien, which can currently handle an excess of 1,000 containers per month
  • New port is planned at Fort Liberte
  • Close to Puerto Plata, Manzanillo, and Santiago Ports.
  • Easily Accessible: American Airlines planning flights from Fort Lauderdale to Cap Haitien
  • The largest Korean textile company, SAE-E, will be the first operator at North Industrial Park, with 400 workers initially and 20,000 workers over the next 4 years.

For more information on the NIP progress please see the Institutional Brochure or please visit www.ute.gouv.ht/caracol

Free Zones - Industrial park with free zone status

A free zone is a portion of land that is clearly delimited and entirely fenced in, creating an enclave that is applied, under supervision of the General Customs Administration, a special customs and tax system.

Specific activities can be conducted in a free zone.

Specific procedure should be followed to obtain the free zone status.

Specific incentives are offered for investment in free zones.

For further information please see the official brochure and visit the Free Zone Department website: www.dzfhaiti.com

Compagnie du Développement Industriel (CODEVI) - In operation / Expansion. Private owned

  • Right on the border of the Dominican Republic with good access to roads and ports (Puerto Plata/Manzanillo/ Santiago/ Santo Domingo)
  • Currently 5 factories of about 80,000 square feet
  • 75 hectares in total
  • $50 Million in construction
  • Ground breaking in July 2011

Astro Carton d'Haiti S.A.: In operation. Private Owned

  • 15 Hectares.
  • 74 jobs and projection of 1500 jobs in the next two years

West Indies FZ (WIN) - In progress

  • Prime location in Port-au-Prince next to the port
  • Potential to integrate existing port into park
  • No land tenure issues: clear title
  • Access to skilled labor

Park Hispaniola (HINSA)- In operation

  • Central location: 1 hour from Port-au-Prince, 20 minutes from Dominican Republic
  • E-Power is a power plant now operating at HINSA

RHEA Free Zone SA - In progress (Already approved)
Quisqueya Free Zone SA � In progress (Already approved)

Source: Competitive industrial zones at the door step of the U.S. (2009 data)

Integrated Economic Zones

Integrated Economic Zones (IEZs) are in integral part of Haiti's push towards development. IEZs have three components:

  • Free trade /export
  • Industrialization
  • Regional or growth-centric approach

This economic approach, buttresses (buttressed? ) by HOPE, New Political and Economic reforms and International backing, is positive for Haiti and her its domestic and foreign investors.

From an economic standpoint, Haiti will be the net beneficiary of the following:

  • Increase in capitol stocks
  • Increase in job opportunities
  • Income from exports and exchange earning
  • Technology Transfers
  • Increase in overall economic activities

From an investor standpoint, the opportunities are without limit. To name a few:

  • Lower operational costs due to lower wage
  • Smaller political risks
  • Lower transport cost due to proximity and larger cargo trans-shipment
  • Potential to attract foreign capital for reinvestment in areas outside of IEZ
  • Reduce customs procedures
  • Duty free means of acquiring and secure inputs without paying duties
  • Inexspensive sources of energy and water
  • Short and long term bonded storage and warehouse facilities

How CFI can assist you

CFI will provide you with the relevant information pertaining to establishing your company in an industrial park or a free zone. CFI can organize site visits and can ensure the liaison with both private owners and public institutions associated with the industrial parks.