Guinea - Construction and Semi-Finished Material Guinea - Construction
Overview
From 2008 to 2010, political instability and the global economic crisis slowed the construction industry considerably. However, the return of international investors to Guinea after 2010’s presidential elections sparked a boom in hotel, residential, and office building construction. Construction in the capital of Conakry remains robust. As in most other sectors, most construction material must be imported.
Leading Sub-Sectors
As with much of Guinea’s economy, the best prospects for growth revolve around mining company operations. Several mining companies are expected to begin construction projects and will require a vast amount of infrastructure development to access their concessions.
Opportunities
There are several major bauxite companies in the process of expanding or establishing operations in Guinea. These include the UAE-based Guinea Alumina Corporation, UK-based Alufer, and Compagnie des Bauxites de Guinee (CBG). CBG’s expansion alone is valued at USD 660 million and U.S. company FLUOR is leading the infrastructure preparation for CBG’s expansion project. There will also be major construction in the Kipe neighborhood of Conakry, the site for the new government quarter, over the next several years.
Web Resources
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