Foreign investment (including by locally-incorporated firms with 60% or more foreign shareholding) in construction activities is subject to a parternship requirement with local companies owned 60% or more by Eswatini citizens. Foreign investment (including by locally-incorporated firms with 60% or more foreign shareholding) in construction activities is not permitted where the Construction Industry Council (CIC) determines that the work can be undertaken by Eswatini citizens and/or local companies (owned 60% or more by Eswatini citizens). Where local expertise is in shortage, the CIC may authorise foreign investment subject to the investor partnering (estalbishing a joint-venture) with a local company.
"Interpretation
2.In this Act, unless the context otherwise requires-[...]
''contractor" means a person, or body of persons who undertakes to execute and complete construction works;[...]
"construction works" means the provision of goods and or services for the development, extension, installation, repair, maintenance, renewal, removal, renovation, alteration, dismantling or demolition of a fixed asset including building and engineering infrastructure;[...]
"foreign company" means a body corporate incorporated under the laws of a foreign country; [...]
"Swazi company" means a company which is registered under the Companies Act and is controlled from within Swaziland and in which 60 percent or more ofthe shares are owned by a Swazi citizen or citizens;
"Swazi firm" means a firm which is registered in Swaziland and whose partners are Swazi citizens; and
[...]
PART IV - REGISTRATION OF CONTRACTORS
Application for registration
27. (1) A contractor shall not carry on business in the construction industry in Swaziland unless the contractor is registered under this Act.
[...]
Contractor to operate under registered category
28. A contractor registered under this Act shall not undertake construction work in a category in respect of which that person is not registered.
[...]
PART VI - GENERAL PROVISIONS
Unregistered contractors
38. (1) A contractor shall not undertake, carry out or complete any construction works or portion of such works for either a public or a private sector contract, awarded in terms of competitive tender or quotation, unless the contractor is registered with the Council and holds a valid certificate issued by the Council according to categorization of contractors. [...]
(5) In this section "public sector contract" means a contract in respect ofconstruction works for the Government, a parastatal or a statutory body and "private sector contract" means a contract in respect of construction works for a private individual or company.
[...]
Award of contract to foreign company or firm
40. (1) A person shall not award a contract for construction works to a foreign company or foreign firm without the approval ofthe Council.
(2) Where an award for a contract is referred to the Council for approval and the Council determines that the construction work to be awarded can be undertaken by a Swazi company or a Swazi firm, the Council shall not endorse its approval and the person shall not award the contract to the foreign company or foreign firm.
[...]
Partnership with Swazi company or Swazi firm
41. (1) A person shall not award a contract for any construction works to a foreign company or foreign firm unless the foreign company or foreign firm undertakes the construction works in partnership orjointly with a Swazi company or Swazi firm.[...]" (Construction Industry Council Act, 2013)
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"Interpretations
In these regulations unless the context otherwise requires -[...]
"Foreign company" means
a) A company incorporated outside Swaziland; or
b) a company incorporated in Swaziland in which 60% or more of the shares are held by a non-Swazi citizen [...]" (Construction Industry Associations' Regulatory Policy 2016)

Construction Industry Council Act, 2013
[<a href="https://gazettes.africa/archive/sz/2013/sz-government-gazette-supplement-dated-2013-08-09-no-103.pdf">Act</a>]