INVEST INTERNATIONAL EXCHANGES VIEWS WITH THE PORT AUTHORITY

Autres Wednesday 03 July 2024

A team from the Dutch investment agency, Invest International, led by the Regional Investment Manager for West Africa, Mr. Nontas PAPADIMITRIOU, was in Côte d'Ivoire on Wednesday 24 April 2024 for talks with the Abidjan Port Authority (PAA) as part of the forthcoming signing of a grant agreement with the State of Côte d'Ivoire and a review of projects to be financed.

According to the head of the delegation, the Kingdom of the Netherlands, through Invest International, is contributing to the development of Côte d'Ivoire by supporting the Ivorian government and the private sector, which justifies their presence at the PAA.

The discussions focused mainly on the investment opportunities offered by the Abidjan Port.

Mr. Hien Yacouba SIÉ, Managing Director of the PAA, said that with the completion of modernisation work at the Abidjan Port, the Port Authority is now focusing on improving operating conditions, with a view to boosting the various types of traffic. This will involve implementing solutions to relieve congestion in the port area and ensure the smooth flow of traffic throughout the city of Abidjan.

Before concluding, Mr. Hien Yacouba SIÉ encouraged the Dutch institution to take a greater interest in port projects, through the Ivorian Ministry of Transport. “Investing in the port sector means supporting the national economy,” he said.

Note that on 02 October 2023, Invest International and the Côte d'Ivoire Ministry of Finance and Budget signed a memorandum of understanding for a total of 300 million euros (around CFAF 196 billion) to finance several projects.