Agriculture has been the cornerstone of the Eritrean economy in the past and is still the main source of income and food for more than 60 percent of the population. Eritrea has substantial and varied natural resources that can be developed to sustain socioeconomic development. Generally, Eritrea possesses modest land and water resources. In the livestock sub-sector, there are about 4.7 million goats, 2.2 million sheep, 1.9 million cattle, 1.0 million poultry and 0.3 million camels.Go to page.
Aquaculture in Eritrea, if properly developed and managed could be a reliable source of food security as is the case in many developing countries. Eritrea has an extensive 2,234km coastline, 1,151km of it coming from its mainland and 1,083km coming from its 356 islands on the Red Sea, which is the 6th longest coastline in Africa (Denison and Paice, 2007).Go to page
There are significant growth opportunities for business and charter aviation in Africa. Already, 481 registered private jets in Africa and the continent’s year-on-year business aviation growth is 44%.
It will create seamless air traffic across the continent, improve air service connectivity, improved continental integration, increase convenience for air passengers, save time, create jobs (especially for the young) and boost tourism.
Transport in Eritrea includes highways, airports and seaports, in addition to various forms of public and private vehicular, maritime and aerial transportation. Go to page.
Construction in Eritrea began to develop year by year with various projects approved by the Eritrean government such as:
- Asmara Housinng Project
The Asmara Housing Project located in the districts of Halibet, Sembel and Space is making progress. The project comprises a total of 1,754 housing complexes including 930 apartments and 824 villas as well as 192 business complexes. The project is being undertaken by Italian company Piccini in collaboration with local construction companies.
- Solar Project
A solar power project around Asmara is nearing completion. According to Hizbawi Menghisteab, the solar project “will be connected to the main grid to give more stability to the electricity supply of Eritrea.”
- New facilities under construction outside Massawa. Go to page.
Like in most developing countries, biomass carriers of energy are still the major sources of energy in Eritrea. In 1998, the total primary energy supply was 685,710 ton of oil equivalent (TOE), of which 441,640 TOE, or 66.3%, was derived from local biomass fuels, and the remaining 244,060 TOE, or 33.7%, from imported oil products. To extend the supply of electricity to an increasing number of locations and customers, international, regional or national power companies, local or foreign Independent Power Producers (IPPs) and Independent Power Distributors (IPDs) are encouraged to invest in the required infrastructures. Go to page.
One of the key challenges facing Africa lies in finding
ways to strengthen engineering education, which is critical in the construction and maintenance of infrastructure investments.
Engineering academies can also recognize and honor young engineers and practitioners who have played important roles in providing innovative solutions to sustainable development challenges. Go to page.
The Eritrean Investment Center was created in 1998 to promote the country as an attractive investment destination. Key investment opportunities in the fisheries sub-sector provide a potential of 90,000sq.km of fishing ground, with an estimated annual production potential of 65,000-70,000 tons of fish and other marine produces. Recent developments in the mining and quarrying sector include the anticipated commencement of mining of gold and copper in the Bisha region. Go to page.
The waters of the Red Sea are highly productive, supporting substantial population of diverse marine species, with around 1,000 known species of fish and 220 species of corals  .Eritrea owns more than 1,100 km coastline on the Red Sea. It has major marine resources that have barely been exploited due to the long war of independence.
Since the wake of independence, the Government of the State of Eritrea in collaboration with development partners (UNDP/FAO/ADB and UNCDF), intervened to revitalize the then devastated fisheries sector, to support coastal fishing communities; and realize the full potential of the sector‟s role in building the national economy. Go to page.
Eritrea is a country located in East African, with an average annual per capita income of US$ 200 in 2006, and ranks 157th out of 177 countries in the 2005 human development index. The general health status of Eritrea has greatly improved since independence. The developments and progresses made in health and other sectors over the past two decades since liberation, led to an unprecedented reduction in infant mortality from 72 per 1,000 live births in 1995 to 48 per 1,000 live births in 2002 and in under-five mortality from 136 per 1,000 live births in 1995 to 93 per 1,000 live births in 2002.
The WHO, UNFPA, UNICEF and World Bank 2005 estimate for maternal mortality ratio in Eritrea is 450/100,000 live births. Access to safe water supply has increased from 16.4 percent in 1995 to 67.4 percent in 2002 and access to basic sanitation from 12.8 percent to 25.6 percent. Go to page.
Marble and Granite
Establishment of a new modern marble quarry with a complete processing plant in the world class deposit in Gogne, Establishment of a new modern granite quarry and a complete processing plant in the world class deposit in Elabered and 4000M3 in blocks: Belta Red, Belta Rose, Belta Cream granite ready for export. Go to page.
Eritrea expects to have four mines in operation by 2018 producing gold, copper, zinc and potash and looks to build an industry that can kick-start its economy, a top mining official told Reuters. The greenstone belt of Eritrea, which hosts precious and base metals, covers 70% of the country. The discovery of the Bisha high-grade zinc-copper-gold deposit, and subsequent announcements made by several other exploration companies operating in Eritrea, have demonstrated the potential the nation possesses for major mineral deposits. Go to page.
Oil and Gas
Petroleum exploration and development is one of the sectors, which the Government has given priority. These two proclamations were revised recently to give additional incentives to investors and are replaced, respectively, by Proclamation No. 108/2000 and No. 109/2000. For example, the income tax has been reduced from 50% to 35%. Go to page.
In Africa, as in the rest of the world, Information and Communication Technologies (ICT) are set to transform society. New opportunities will emerge for people to collaborate, innovate and participate in ways that positively impact their lives and in turn the world.
Wireless technology and ICT infrastructure development is also vital for entrepreneurship and small business development. Go to page.
Transportation and Logistic
Eritrea has 3 types of transportation, namely highway, airport and railways. Given its strategic location Eritrea can offer competitive services in the region. As its infrastructure improves substantially the country can be a successful exporter of financial transport and tourism services. Go to page.