The development of industrial parks has been recognized as an efficient way to bring together industrial activities with commercial and infrastructure services. EIG is participating in the funding and development of Eco Industrial Parks in Guinea.
AGESPI is the institution in charge of the implementation of the Government's policy for the development and management of industrial parks in the Republic of Guinea. AGESPI offers investors wishing to establish themselves in the Republic of Guinea with an attractive environment for strengthening their competitiveness by providing them with land and infrastructure to international standards.
A total of 944ha of land holdings distributed among 8 industrial development zones, all located in the region of Conakry and surroundings, has been designated by the State for industrial use.
To date the state has only provided the land, subdivided it into Industrial Lots and installed basic laterite access road infrastructure. The companies looking to establish themselves in these industrial areas were forced to invest in standalone power and water supply and distribution systems and networks.
The original land title promulgated in August 2006 n°02161/2006/TF covered an area of 312ha. The proposed new industrial permit area was significantly reduced to approximately 110ha due to encroachment. Pegging of the revised industrial permit is planned for June and July and then the land title will be approved.
A number companies have signed lease agreements with the State and have established operations and industries.
At this stage land is leased to the Industries by the state. No specific industrial buildings and structures have been constructed or leased by AGESPI to date.
No support infrastructure has been established to date. The following support services where originally planned for the MEIP and have been incorporated into the current development scope.
· MEIP administrative building;
· Emergency Response Centre – Fire and Medical; and
Public Protection – Police.
No commercial buildings or housing has been established to date. The following commercial buildings where originally planned for the MEIP and have been incorporated into the current development scope.
· Conference and Training Centre;
· Bank; and
· Courier Services.
Although a medium MT electrical grid was established over the site by EDG, power supply remain inadequate and irregular. Companies have had to install their own power generation capacity through diesel generation and PV solar installations to ensure continues and adequate power supply to their industries.
No centralised water supply and distribution is available at the MEIP and all current users are sourcing water from on-site ground water and other sources such as trucking in water supply.
No industrial wastewater infrastructure or general and hazardous solid waste management systems are available.
Transport within the country consists of a relatively limited network of roads, a rail network that services the mining industry and with no commercial of passenger capacity and a number of regional airports. Access to the country from abroad is relatively easy owing to the international airport at Conakry, which offers a regular service throughout the year, to both European and African countries. The main commercial port for import and export of goods is located at Conakry .
The pandemic hurt non-mining sectors, whose growth fell to 2.5% in 2020 from 5.1% in 2019, largely because of delays of major projects and the temporary closure of borders and measures to contain COVID–19, which disrupted agricultural, manufacturing and service activities. Those disruptions also led to an increase in inflation to 10.4% in 2020 from 9.5% in 2019. The central bank narrowed the differential between the official and parallel exchange rates to limit the inflationary impact of imported capital and consumer goods. A fall in tax revenues and spending increases to mitigate the effects of pandemic combined to raise the budget deficit to 3.1% of GDP in 2020, compared with 0.5% in 2019.