Economy

fishThe fishing industry is the cornerstone of the city’s economy. With more than 50 years in existence the fishing industry has developed into a leading force in the world’s fish supply market. Locally, the industry creates approximately 8,000 jobs and generates 10% of the country’s GDP. With more than 2 kilometres of landing quays, cold storage, processing and canning facilities the fishing industry continues to play an important role in the development of Walvis Bay.

High value fish and related products are processed for export purposes to niche markets in Europa, Australia, the United States and Hong Kong. 90% of the hake caught and processed is exported to the Spanish markets. Other fish species caught commercially include pilchards, anchovy, tuna, monk, sole, horse-mackerel and other demersal species. The 3,500 hectare Walvis Bay salt field is one of the largest solar evaporation facilities in Africa, processing 30 million tonnes of sea water each year to produce more than 700,000 tonnes of high quality salt.

img0005With the need for ship repair and maintenance well equipped engineering firms with a high degree of expertise have emerged to provide a wide range of services to the fishing and other industries. This has also spawned a wide range of other support industries such as shipping insurance, construction, cargo transport and retail services. The Export Processing Zone (EPZ) is an innovative approach to offshore investments. More and more international companies are making use of this opportunity to set up their operations in the EPZ. Investors enjoy a tax-free investment environment with various benefits and advantages.

These incentives are of unlimited duration and apply equally to Namibian and foreign firms. Companies are allowed to repatriate their capital and profits, while enjoying freedom from exchange controls and the holding of foreign currency accounts at local banks. Investors taking up residence in Walvis Bay can be sure of a politically stable, virtually crime-free environment, reliable work-force and lower production costs.

wbportWalvis Bay is linked to Namibia’s rail, air and road network, making the port ideally situated to service most of its landlocked SADC neighbours. The deep-sea harbour in Walvis Bay caters for fishing and cargo vessels and provides facilities for smaller boats and yachts. Walvis Bay has a high standard airport that is being upgraded for direct international flights. Various cruise liners make Walvis Bay one of their regular port of call. This location is an ideal connection for north-south Namibian travellers and links directly to the pristine expanse of the Namib-Naukluft/Sossusvlei tourist attractions to the south.

Walvis Bay has a natural deep-water harbour and offers an efficient and economical option for cargo transshipment between African, European and American trade markets. By using the port of Walvis Bay exporters and importers within the region are guaranteed a saving of at least eight to ten days when shipping to and from these markets. The port is managed by Namibian Ports Authority (Namport), and is a gateway to 190 million consumers in the Southern African Development Community. It is well equipped with modern berth and cargo handling facilities, a syncrolift ship repair unit and ensures tight security.

wbscenes0004Walvis Bay enjoys a constant and high quality supply of potable water, while there is ample electricity supply for the local needs and new developments. Telecommunication services are second to none in Africa. High quality digital telephony, data, internet, satellite, cellular and radio communication services are available for all your needs. A large pool of skilled, semi-skilled and unskilled labour workers provide able support to investors. Walvis Bay has two hospitals and three clinics with highly qualified emergency and private medical practitioners.

Banking institutions provide comprehensive domestic and international financial services, to ensure the safe and fast transfer of funds to and from any centre of the world. Walvis Bay has several primary and secondary schools, a maritime training college, three libraries, distance education institutions and a museum. The Namibian Constitution guarantees freedom of expression. Walvis Bay has its own newspaper, the Namib Times and is covered by a vast network of radio, television and satellite channels. Housing in Walvis Bay ranges from upmarket to medium-cost houses that are fully serviced with water, electricity, sewage and surfaced roads. Hotels, lodges and resorts cater for the tourist market with a high standard of accommodation and related services.


 


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Tourism
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Walvis Bay is the ideal tourist destination for outdoor recreation,...

Facts
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Location Namibia lies in Southern Africa, bordering the South Atlantic...

History
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Walvis Bay, meaning “Whale Bay” in Afrikaans, has had a...