Although Gabon has not a powerful tertiary sector, it is one of the African countries with the highest per capita income, in spite of the gap among social classes, and it gives a special and important value to standards of life.
The economy is based essential on the export of crude oil and wood: in fact, there are many petrochemical industries, given the presence of hydrocarbons such as natural gas, crude oil, coal and uranium.
To support the economy of the country, with the objective of also enhancing the tertiary sector, a new measure is expected which will attempt to improve the modernisation of the country.
In fact the Libreville government is planning to raise at least 21 billion dollars in the next few years to support the growth of the economy outside of the oil sector and to develop the country’s infrastructure.
The Gabon Embassy in Rabat has announced this in view of a business forum aimed at the promotion of trade and relations between the central African country and Morocco which will take place on the 14th and 15th September in the Moroccan capital.
According to reports in the media, the funds will be used to diversify the economy and promote labour intensive sectors, such as for example the property sector, with the construction of low-cost housing, the development of road, air and rail infrastructures, the sector relating to electricity generation and transmission, telecommunications and mining.
Africa is not new in trying to modernize its skills in services, as you can read in this article.
Also included in the initiatives that the Libreville government has opened to international investors is the Special Economic Zone at Nkok, around 20 km east of the capital.