The country will use the Expo as a platform to showcase its trade and tourism potential and strengthen its economic, trade and cultural ties with other countries.
The Republic of Guinea will use Expo 2020 to strengthen its private sector and attract investment to the tune of $ 1 billion, Gabriel Curtis, Guinean Minister of Investments and Public Partnerships, told the Khaleej Times.
The West African country will use the World Expo as a platform to showcase its trade and tourism potential and strengthen its economic, trade and cultural ties with other countries, said the minister, who is also the commissioner. general of the country’s Expo.
“We want to make sure that our private sector and our businesses take advantage of the exposure we get at Expo. And we hope that we will be able to attract an investment of between $ 500 million and $ 1 billion, thanks to Expo 2020. “
Curtis said that if the pavilion can get around a million visits out of the 25 million visits expected at Expo 2020, “that will be a major achievement.”
“This is a very important exhibition because we have our own pavilion. We will be able to share our story. We will present Guinea to the world and sell its image and invite people and connect with other participants.”
“In addition, this is the first major international event and will prepare us for a post-Covid world. International events like Expo 2020 Dubai are crucial to revive trade and the global economy,” the minister said.
The nation benefits from a special assistance program from the Expo organizers and has a coastline on the Atlantic Ocean and shares borders with Côte d’Ivoire, Guinea-Bissau and Senegal as neighbors, among others.
He said that Guinea’s current focus on energy, agribusiness and infrastructure and these fundamental pillars will strengthen their ties with the UAE.
“In terms of innovation, we want to develop sectors such as health, mobility, mobile money, mobile transactions, e-commerce and agriculture. The improvement in the mobile internet penetration rate from 40% to 65% has placed Guinea among the due to the impact of the Covid-19 epidemic, ”Curtis said.
Guinea also has enormous mineral resources, including significant reserves of iron ore (20 billion tons), gold (700 tons), diamonds (30 million carats) and bauxite (40 billion tons). ), which have attracted considerable FDI to the country. In 2019, Emirates Global Aluminum announced that it had started exporting bauxite ore from Guinea Alumina Corporation (GAC), its mining project in the Republic of Guinea in West Africa.
Guinea will be West Africa’s water tower
Speaking of the pavilion located in the sustainability district, the minister said that Guinea will present the sustainable economic development of the country, guided by a national economic and social development plan based on the pillars of good governance, economic transformation, development of human capital and protection of natural resources. Resources.
In keeping with Guinea’s image as the “Water Tower of West Africa”, the Expo 2020 pavilion will have a theme dedicated to sustainable development and urban renewal focused on water.
“Water is an essential part of the country’s history, culture and social norms. Thus, the pavilion will reflect it. Visitors will cross the waterways inside the pavilion and, during the visit, they will be able to see Guinean historical figures. , different regions, discover the people and the culture, ”Curtis said.
The total investment for the pavilion is estimated at $ 2 million in total, which used sustainable materials to ensure zero carbon emissions.
He said more than 50 companies and innovators will also attend the pavilion and showcase their sustainable initiatives.
The pavilion will also celebrate Guinea Day on February 13, 2022 and will also organize a series of events around the Guinea Investment Forum to connect businesses.