8.7%
CAGR
54.4%
Smartphone Penetration
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ZIC is actively inviting investors to put up consumer electronics related products manufacturing facility to cater to a US $100 Million consumer electronics industry of Cote d'Ivoire and around US $30 Billion of Western African states.
ZIC is actively inviting investors to put up consumer electronics related products manufacturing facility to cater to a US $100 Million consumer electronics industry of Cote d'Ivoire and around US $30 Billion of Western African states.
8.7%
CAGR
54.4%
Smartphone Penetration
The consumer electronics market in Côte d'Ivoire is thriving, fueled by a growing middle class with rising disposable income and a thirst for the latest technology. Data paints a promising picture: the Ivorian market is projected to grow by 8.7% annually by 2025, with smartphone penetration expected to reach over 54% in the same timeframe. This translates to a significant and evolving consumer base for ZIC-based manufacturers. ZIC offers a strategic location for investment with easy access to a large domestic market through its proximity to Abidjan, as well as significant export potential due to its position as a gateway to West Africa (ECOWAS market with a combined GDP exceeding USD 700 billion) and even nearby European markets.
Investing in ZIC offers numerous advantages beyond its strategic location. The Ivorian government incentivizes consumer electronics manufacturing through potential tax breaks and reduced customs duties. ZIC boasts well-developed infrastructure, including a modern port and transportation networks, to ensure efficient movement of components and finished products. Additionally, Côte d'Ivoire has a workforce with a growing skillset relevant to consumer electronics manufacturing, allowing you to build a strong production team within ZIC.
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