With the discovery of huge oil reserves in the mid-1990s, business in the country has boomed. As the third-largest oil producer in Sub-Saharan Africa, Equatorial Guinea produces an average of 360,000 barrels of oil per day. This has attracted many foreign companies wishing to invest in its strengthening economy, not only in the oil industry but also in agriculture, for which Equatorial Guinea is well-suited due to its dense forests and fertile soil.
The transport of oil, heavy machinery and other products means that larger ports are being upgraded continually, with the Port of Malabo expected to be the first large deep-water port in the region and a vital business hub between Africa and South America. Similarly, cities are expanding and developing at a rapid rate, attracting more international businesses, particularly in the real estate and transportation industries.
Equatorial Guinea is already known as having some of the best transport infrastructures in Africa, with modern motorways linking key cities and business hubs together, reaching even some of the most remote areas. Huge bridges are being been built, including the Bata-Mbini Bridge, which is the longest and highest bridge in Sub-Saharan Africa.
For more information on business and infrastructure in Equatorial Guinea, see the Equatorial Guinea Investment Guide 2017.