another good project...on paper at least
SCE signs MOU with Congo to develop special economic zones
By Mok Fei Fei | Posted: 26 October 2010 1646 hrs
SINGAPORE: Singapore Cooperation Enterprise (SCE) on Tuesday said it would help Congo develop three special economic zones, including a brand-new city of 10 million people.
A memorandum of understanding (MOU) was signed between Alphonsus Chia, CEO of SCE, and Congo's Minister at the Presidency in charge of Special Economic Zones, Alain Akouala Atipault.
According to an agreement reached with the Republic of Congo, SCE will work with Singapore public agencies and private-sector companies.
These agencies and companies will help Congo's government conduct technical feasibility studies on potential special economic zones and develop a master plan for each of the identified sites.
Congo has identified three such locations: a land area of 1660 hectares, 50 km north of the port city of Pointe Noire, to house industrial activities linked to its oil extraction industry; a land area surrounding the new international airport of Ollombo for high value added agricultural and manufacturing activities; and a land area of 6000 sq km on both banks of the river Kouilou at Madingo Kayes, about 65 km North West of Pointe Noire, which will be developed into a new city with an international port and international airport to cater for a population of 10 million. It will also be the service hub of Central and East Africa.
Congo is the 6th country in the Sub-Saharan Africa that SCE has signed an MOU with since its inception in 2006.
The other countries are Kenya, Kingdom of Lesotho, Mauritius, Rwanda and Togo.