Guinea to charm Dubai investors at World Government Summit

The Republic of Guinea is seeking to raise more than $3 billion in funding from Dubai for projects under its Interim Reference Program (IRP) 2022-2025, Zawya reports.

To meet the target, the West African country will showcase the projects at a Round Table of Donors (RTD), an event to be held on the sidelines of World Government Summit (WGS) in Dubai on February 15-16, the media announced, citing a cabinet member.

“The RTD is about securing essential funding and establishing long-term strategic partnerships that are essential for our nation’s growth”, said Rose Pola Pricemou, Guinean Minister of Planning and International Cooperation.

The IRP according to Pricemonou aligns Guinea’s development with the ‘Guinea 2040 Vision’, the Sustainable Development Goals (SDGs) for 2030, the ECOWAS 2050 Vision and the African Union Agenda 2063.
The program is valued at 108 trillion Guinean Franc, approximately $12.273 billion. Authorities plan to fund 75% of the program with domestic resources. The remaining funds with be raised through increased domestic savings, borrowing, establishment of a Sovereign Fund, and international support.

“The Round Table is not just about funding; it’s about laying the groundwork for a new type of partnership for Guinea’s development. We aim to continue our dialogue with traditional partners while exploring new global partnerships and promoting South-South and Triangular cooperation,” the Minister added.

Ismael Nabe, Advisor to the Guinean Prime Minister on Public Private Partnership (PPP) told Zawya that a total of 55 projects across multiple sectors will be showcased at the Round Table of Donors.