2023-04-27 09:37:25
27 Avril 2023
LIBREVILLE, April 27 (Infosplusgabon) – ARISE Integrated Industrial Platforms (ARISE IIP), a pan-African developer and operator of world-class industrial parks, in partnership with the Republic of Sierra Leone, is proud to announce the start of construction works for the industrial zone of SIZ – Koya. This integrated industrial infrastructure, in line with ARISE IIP’s ambition to unlock Africa’s industrial potential, will support the Republic of Sierra Leone in advancing its industrialization agenda.
As part of the construction of the zone, ARISE IIP is to invest $120 million in the development of the Koya Industrial Zone (SIZ – Sierra Leone Industrial Zones), the result of a public-private partnership between ARISE IIP and the Republic from Sierra Leone.
Phase 1 : As part of phase 1, whose work begins in May 2023, SIZ – Koya will see the installation of 16 production units mainly focused on import substitution industries. Extending over 150 hectares, the private investments (FDI) for this first phase are estimated at 165 million dollars and the creation of direct jobs at 2,500.
Phase 2 : During phase 2 of SIZ – Koya, 37 production units will be installed on 350 hectares within the zone, mainly related to import substitution industries and local processing of raw materials into high value-added products. The investment is estimated at $140 million (FDI) and 6,500 additional jobs will be created.
The integrated industrial zone of SIZ – Koya is to accommodate specialized companies, among others, in the sectors of agro-industry, wood processing, pharmaceutical products, the manufacture of consumer goods, the manufacture of electric vehicles, as well as than the manufacture of cement and tiles.
Gagan Gupta, Founder and Managing Director of ARISE IIP, commented, “ARISE IIP is committed to building a sustainable future by creating employment opportunities, empowering local communities and promoting economic growth through development. Our partnership with the Republic of Sierra Leone demonstrates our commitment to making a positive impact in Africa. Through the SIZ – Koya project, we aim to create world-class industrial infrastructure that will attract local and international investors to the region. We are convinced that this integrated infrastructure will not only create jobs, but also contribute more broadly to the industrialization of Sierra Leone in a sustainable and responsible way”.
Edward Hinga Sandy, Sierra Leone’s Minister of Trade and Industry, said, “We are proud to partner with Arise Integrated Industrial Platforms (Arise IIP) – Africa’s leader in industrial zone development – for the launch of the SIZ-Koya. This partnership offers a unique opportunity to promote the development of trade and investment and stimulate job creation in the country. We are confident in Arise IIP’s ability to deliver this project, as demonstrated by the large-scale projects already completed across Africa, and we look forward to working together.”
Samaila Zubairu, Managing Director of the Africa Finance Corporation (AFC) also welcomed the start of the project: “We are delighted to be part of this exciting project for the Republic of Sierra Leone. It echoes AFC’s DNA of being strategically involved in building infrastructure that fully meets country needs. The construction of the SIZ-Koya Industrial Zone also embodies AFC’s efforts to support African countries in developing their industrial capabilities.”
Professor Benedict Oramah, Chairman of Afreximbank, said: “We are very pleased to be part of this ambitious project with the Republic of Sierra Leone, which marks another essential step to support the rapid growth of ARISE IIP in Africa and, more broadly, to accelerate the industrialization of the continent.”
Over the past few years, ARISE IIP has experienced remarkable expansion across more than a dozen countries in Africa. For example, ARISE IIP manages the Gabon Special Economic Zone (GSEZ), which focuses on the timber industry. 16,000 jobs have been created there, 120 investors have joined the project. From a log exporter, Gabon has become the world’s second largest producer and exporter of veneer, and the first in Africa. Across the continent, ARISE IIP has always been committed to creating industrial ecosystems with high local added value and generators of sustainable growth.
ARISE Integrated Industrial Platforms (ARISE IIP) is a world-class pan-African industrial park developer and operator committed to the economic transformation of the continent. We identify opportunities in trade and industrial value chains across Africa, we design, finance, build and operate the necessary infrastructure, playing a catalytic role while supporting countries in their transition to an industrial economy. Our ambition is to unlock the continent’s industrial potential while neutralizing our carbon emissions and climate impact. ARISE IIP is currently present in Benin (GDIZ), Togo (PIA) and Gabon (GSEZ). The GSEZ has been ranked the world’s best special economic zone in the timber sector (2020 FDI ranking).
FIN/INFOSPLUSGABON/GHY/GABON2023
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