For Rent

Marshall Islands – Office of Commerce and Investment

Delap MIDB-Bulding 4th and 5th Floor, Majuro MH 96960

Overview

Location ID: HZHZ05
  • 2
  • GDP $
  • 1
  • Bathroom 1
  • 1
  • GDP Per Capita
  • 2300
  • Sq Ft
  • 2016
  • Year Built 1

Description

The Marshall Islands, officially the Republic of the Marshall Islands (Marshallese: Aolepan Aorokin Majel) are an islands country and a United Sate Micronesia. The Country’s population of 53,158 people is spread out over 29 coral atolls. Comprising 1,156 individual islands and islets. 

Investments Opportunities

1.Agro-Industry

The agro-industry offers investment opportunities in these areas:

  • Animal feed production
  • Production of food crops from hydroponic
  • Poultry farming
  • Pig farming
  • Technology based farming
  • Virgin coconut oil production
  • Noni production

Marshall Islands produces coconut meal and fishmeal ‐ both excellent feed ingredients

2.Fisheries

Marshall Islands is located in the highly productive western and central Pacific Ocean, the largest tuna fishery in the world with current annual catches exceeding 1.5 million metric ton.

Its Exclusive Economic Zone (EEZ) of over 822,000 square miles has a large supply of high-grade tuna, including skipjack, yellow fin, big eye and albacore. Its strategic location has made the country an important hub for fishing operations such as transshipment, refueling and re-supply by fishing vessels.

Its pristine lagoons make it ideal for fish farming for export to close-by markets like Hawaii.

3.Manufacturing

Marshall Islands has an infant manufacturing sector with two main manufacturing enterprises – a copra processing plant which can process 15,000 tons copra & make 10,000 tons crude oil, and a loining plant whose production has been averaging 2,000 tons since 2008.

These enterprises prove that more manufacturing enterprises can be developed particularly in:

  • Seafood processing
  • Food processing
  • VCO Production – soap, body oil, lotion, etc.
  • Light manufacturing
  • Scrap recycling & waste management
  • Coconut-based light industries e.g. coir fiber brooms, brushes, doormats, mattresses, ropes and coconut timber products.

5. Services

Modern telecommunication links enables remote islands nations like the Marshall Islands to overcome the tyranny of distance and attract services industries like ship registration. Marshall Islands today has the third largest ship registry in the world, with 3,100 vessels and over 100m gross tons.

It’s one of the world’s premier quality maritime registries that is globally recognized as a modern and efficient administration and is noted for its contributions to the safety and security of shipping and efforts to protect the marine environment. The service is provided by Trust Company of the Marshall Islands (TCMI) established in 1990 by the government jointly with Virginia-based International Registry, Inc.

5.Aquaculture  

The lagoons in the atolls offer pristine and protected environment for investments in the these opportunities:

  • Pearl farming
  • Clam farming
  • Oyster farming
  • Trochus shell farming
  • Coral farming
  • Lagoon cage culture
  • Offshore lagoon cage culture
  • Tuna ranching & fattening in cages and
  • High-tech production techniques such as aqua pods

6.Attractiveness of Marshall Islands

Marshall Islands has preferential market access for its seafood products to USA through its Compact Agreement with the US, and the European market through Economic Partnership Agreement

7.Hospitality & Tourism

Marshall Islands is located in the northern Pacific region of Micronesia – one of the fastest growing regions for tourism in the world – and is located between North America and Asia, two of the most productive tourism source markets.

Its one of the most isolated nations in the world, perfectly located in a tropical warm area with a large swell window and consistent trade winds.

It prides itself in being the “Pearl of the Pacific” because of its rare beauty and pearl-like atolls that make up the islands. As a coral atoll nation, one of only four in the world, the Marshall Islands offers a very unique environment and landscape, consisting of saltwater lagoons encircled by white beaches and small, lush islands – over 1,200 individual islands, 870 reef systems, 800 species of fish, and 160 species of coral

8.Renewable Energy

The Division of Energy within the Ministry of Resources and Development is responsible for the National Energy Policy Coordination and some implementation. The Division of Energy comprises of an Energy Office, one support-staff and an Australian Funded Energy Adviser.

The Framework for the National Energy Policy used for developing the national energy policy includes the following follows where improvement is required in order to achieve sustainable energy development.

  • Petroleum and Liquid Fuels
  • Electric Power
  • Transport and Energy Use
  • Energy Efficiency, and
  • Renewable Energy

Office of Commerce and Investment

+692-625-4624

ourteam@rmiocit.org

Key Documents

Marshall Islands - Fisheries Sector Profile 2019
Marshall Islands - MEMO-RMI National Strategic Plan 2020-2030 Jun2020
Marshall Islands - National Strategic Plan 2020 - 2030
Marshall Islands - National Tourism Development Plan 2008
Marshall Islands - OCIT Business Plan 2019-2021
Marshall Islands - OCIT Progres Report April-June2020
Marshall Islands - OCIT Progress Report April-May 2019
Marshall Islands - OCIT Progress Report Jan-March 2019
Marshall Islands - OCIT Progress Report Sep-Dec 2018
Marshall Islands - RepublicTourism Sector Profile 2019
Marshall Islands - RMI Strategic Tourism Development Plan
Marshall Islands - RoC Trade and Investment Mission Press Release
Marshall Islands - World Bank Doing Business Report for RMI
  • State/county California
  • Zip/Postal Code 96960
  • Area Brookside
  • Country United States

Details

Updated on February 5, 2021 at 3:46 pm
  • Location ID: HZHZ05
  • Location Size 1: 2300 Sq Ft
  • GDP $: 2
  • Bathroom 1: 1
  • GDP Per Capita: 1
  • Garage Size: 200 SqFt
  • Year Built 1: 2016
  • FDI Location : Apartment
  • FDI Location Status: For Rent

Additional details

  • Deposit: 20%
  • Pool Size: 300 Sqft
  • Last remodel year: 1987
  • Amenities: Clubhouse
  • Additional Rooms:: Guest Bath
  • Equipment: Grill - Gas

Floor Plans

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Description:
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image

Description:
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