SkyscraperCity banner
1 - 6 of 6 Posts

·
Registered
Joined
·
4,239 Posts
Discussion Starter · #1 ·
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.
 

·
Registered
Joined
·
4,239 Posts
Discussion Starter · #2 ·
Reading back this report, it doesn't sound as good as it looks, in fact it sounds fishy. The whole population of the Congo is less than 4million people so how are they going to fill a city of 10 million people? The whole country's population will have to more than double to fill one city, then what will happen to Brazza and P.Noire?

Another example of suspect dealings on the continent.
 

·
Registered
Joined
·
4,239 Posts
Discussion Starter · #3 ·
Congo sees start of economic zones next year

By Christian Tsoumou

BRAZZAVILLE (Reuters) - The Republic of Congo plans to start activities at four special economic zones (SEZ) by next year, with the aim of diversifying its economy from mainly petroleum exports to manufacturing and other services.

Congo's minister for special economic zones Alain Akoula Atipault, told Reuters he expected economic activities to begin in the zones -- which will provide tax breaks and other incentives to companies -- during the course of 2012 once feasibilities studies are completed.

The Central African nation, which produces about 340,000 barrels of oil per day, signed a memorandum of understanding with Singapore Cooperation Enterprise, to help it develop the zones from scratch.

"Feasibility studies will be completed by the end of the year or the first quarter of next year. Tenders have been launched and we will have the results in the coming weeks," Atipault said.

He could not detail planned incentives for companies that will eventually operate in the zones, but said the projects were aimed in part at creating jobs to combat the nation's high unemployment rate, poverty and a rural exodus.

One of the SEZs will be at the port of Congo's economic capital Pointe-Noire, with a surface area of 1,600 hectares. Another will be at Oyo-Ollombo, about 400 km north of Brazzaville, while the two others will be in the interior.

The services of three firms: French consulting firm Sofred, engineering consultants Egis International and Gazprom Bank Invest, a subsidiary of the Russian oil and gas group, have tendered bids to evaluate the potential sites.

Atipault said several countries and companies have expressed interest in the economic zones including from Brazil, India, China and Mauritius.

"Brazilians have expressed interest to invest in a construction materials firm in the SEZ near Brazzaville," the minister said.

He added that Pointe-Noire SEZ, could host a mineral export facility to handle the shipment iron from several projects that are being developed.

Zanaga Iron Ore is seeking develop a project seen producing 45 million tonnes per year of concentrate, in which Xstrata owns a majority stake.

Australia's Sundance also plans to spend $600 million to develop its Nabemba mine, expected to produce 21 million tonnes per year from 2014.

Despite being one of Africa's fastest growing economies at 10.4 percent this year, Congo ruled by Denis Sassou N'Guesso for all but five years in the past 32 years, is still recovering from a civil war in 1997 which destroyed its infrastructures.
Fri Jun 17, 2011 11:05am GMT
 

·
Registered
Joined
·
798 Posts
Reading back this report, it doesn't sound as good as it looks, in fact it sounds fishy. The whole population of the Congo is less than 4million people so how are they going to fill a city of 10 million people? The whole country's population will have to more than double to fill one city, then what will happen to Brazza and P.Noire?
Maybe they'll just dump ten million Chinese there. It'll be like Angola squared. :lol:
 

·
Registered
Joined
·
4,239 Posts
Discussion Starter · #5 ·
Maybe they'll just dump ten million Chinese there. It'll be like Angola squared. :lol:
This project is with Singapore, not China but the numbers don't seem to add up. Its almost as if politicians just sign the MOUs just for show.

I don't know why genuine economic activities and relations with newly developed countries are near non existant in Africa.

There is a study that basically says that the Chinese will soon have a surplus population of about 10-20 million men. The one child policy led to many parents aborting pregnancies if the the unborn child was female so they will have to find places to relocate some of these men. I am expecting a big migration of Chinese men on a scale never seen before to Africa in the coming decades. They are currently smartly and quietly expanding into the ex Soviet states if you follow the developments in that part of the world.

Or they will throw an extra 10 million men in the army and take over the world. Lets hope they keep their word of a "peaceful rise". Completely gone off topic...
 

·
Registered
Joined
·
4,239 Posts
Discussion Starter · #6 ·
Congo Rep says China interested in economic zones
BRAZZAVILLE Nov 20 (Reuters) - China has signalled it could help finance construction of the four special economic zones (SEZs) on which Congo Republic is banking to diversify its economy away from oil, the central African country said on Sunday.

The four SEZ sites are due to be launched next year, and Congo has already charged Singapore Cooperation Enterprise to create feasibility studies for the projects.

"Our Chinese friends are interested in financing the construction of the special economic zones," Alain Akouala Atipault, minister in charge of the SEZ projects, told Reuters after talks with China-Africa Development Fund chairman Zhao Jianping.

He added that the results of the feasibility studies were expected within the next nine to 10 months but gave no details of the timing of any Chinese involvement.

One of the SEZs will be at the port of Congo's economic capital Pointe-Noire, with a surface area of 1,600 hectares. Another will be at Oyo-Ollombo, about 400 km north of Brazzaville, while the two others will be in the interior.

Congo, which currently produces around 340,000 barrels of oil per day, has not detailed the incentives available for companies which set up in the zones, but says that a chief aim is to create local employment.

Despite being one of Africa's fastest growing economies with around 10 percent growth seen this year, Congo is still recovering from a civil war in 1997 which destroyed much of its infrastructure. (Reporting by Christian Tsoumou; writing by Mark John; Editing by Elaine Hardcastle)

Sun Nov 20, 2011 5:23pm GMT
© Thomson Reuters 2011 All rights reserved
 
1 - 6 of 6 Posts
Top