Mbabane – A major boost to Eswatini’s industrial development agenda is on the horizon following a new investment commitment from Taiwan, with plans to inject between E 820 million to E 1.31 billion (US$50 million and US$80 million) into manufacturing and industrial projects in the country.
The announcement was made by Head of the Taiwanese Head of Business Delegation, Ray Lin, during the Taiwan–Eswatini Investment Workshop held today at Mountain View Hotel, Mbabane, where government officials, investors, and private sector stakeholders gathered to strengthen economic cooperation between the two nations.
Ray Lin outlined that the planned investment will focus on establishing a cluster of manufacturing facilities in Eswatini, including a headquarters and five factories. The proposed operations are expected to cover knitting, weaving, printing, embroidery, and other light industrial production activities.
He emphasized that the initiative forms part of a long-term commitment by Taiwanese investors to expand industrial cooperation with Eswatini and support the country’s efforts to grow its manufacturing base, create jobs, and attract additional foreign direct investment.
The project is expected to be implemented under the broader Taiwan–Eswatini investment cooperation framework, which continues to evolve as both countries explore new areas of economic partnership.
According to Lin, Eswatini presents a promising investment destination, particularly for labor-intensive manufacturing industries that can generate employment opportunities while contributing to skills development and technology transfer.
Meanwhile, Minister Ching-Lin Tsui, Deputy Ambassador at the Embassy of the Republic of China (Taiwan) reaffirmed the deep commitment to economic partnership between the two countries. He noted that the Taiwan- Eswatini Investment Promotion (TIIP) project is progressing steadily, promising increased investment, job creation and new opportunities for Eswatini.
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