Guinea invites Indonesia to invest in developing a new capital city

Jakarta (Indonesia Window) – Guinea in West Africa will have a new capital and an administrative center in Coloma City by 2040.

The need for infrastructure development in the new area opens opportunities for Indonesia to invest in Guinea.

At a recent meeting with the Indonesian Ambassador to Senegal and Guinea, Mansyur Pangeran, in Conakry, Guinea, President of the Republic of Guinea Alpha Conde said he wanted to immediately realize investment and development cooperation with Indonesia.

“The meeting produced positive results, including the strong desire of President Alpha Conde that Indonesia would immediately materialize cooperation with Guinea in the fields of investment, infrastructure development, mining, health and agriculture in accordance with the fields of potential priorities of the two countries,” Ambassador Mansyur said as quoted from the Indonesian Foreign Ministry’s website here on Saturday.

The ambassador said that Indonesia is interested in developing cooperation in the mining of high-quality bauxite, iron ore, gold, nickel and phosphate as  Guinea has those mineral deposits in large quantities.

According to the ambassador, besides getting an offer to invest in Coloma City which will become the new capital and new administrative center of Guinea in 2040, Indonesia was also invited to invest in Conoma Island which will become Guinea’s Exclusive Economic Zone.

“Indonesia is considered to be able to contribute in the development of the two regions, especially in infrastructure development,” he said.

Following up on the meeting, Indonesia and Guinea will identify priorities for cooperation through the visits of a team of experts and delegates in a number of fields so that the expected cooperation can be realized soo.

In addition, President Alpha Conde also expects that Indonesia would immediately reopen the Embassy in Conakry which was closed in 1973.

Previously, President Alpha Conde visited Indonesia in 2016.

The meeting between President Alpha Conde and the Ambassador was also attended by Guinea’s Minister of Investment and Public Sector Cooperation, Gabriel Curtis and Guinea’s Minister of Mines and Geology, Abdoulaye Magassouba.

Guinea’s economic growth is quite significant and is a destination for foreign investment from China and several European countries.

Guinea’s political and security conditions have also been stable so that it can be a good investment destination for Indonesia in order to penetrate non-traditional markets.

Reporting by Indonesia Window