Arise Integrated Industrial Platforms (IIP) has signed yesterday an MoU with the Ministry of International Cooperation and Public-Private Partnership Promotion of the Republic of Congo for the development of two new industrial zones in Pointe-Noire and Ouésso. The Republic of Congo would hold a 30% stake in both projects, with Arise IPP retaining the remaining 70%.
The company is notably expected to invest some €150m into the new industrial zone in Pointe-Noire and a mineral port, in a scheme that echoes what Arise IPP has already done in Gabon.
“The Pointe-Noire SEZ and the mineral port will spread across 2700 hectares, and will focus on the local transformation of timber, agriproducts, and other processing industry,” Arise IPP said in a statement.
Feasibility studies should be completed by the end of August 2022 for a completion of the projects in 2025.
Arise IIP has already developed 12 integrated industrial zones across Africa, with the Gabon Special Economic Zone (GSEZ) seen as a true example of success. In 2021, it also launched Togo’s landmark multi-sectoral industrial park, the Plateforme Industrielle d’Adétikopé (PIA). In 2022, it is expected to launch the Glo-Djigbé Industrial Zone (GDIZ) in Benin.
The company continues to be backed by the Africa Finance Corporation (AFC) and Olam of Singapore, its two shareholders.