The written article provides an update on the progress of work on the first financial center in the Democratic Republic of Congo. According to the Turkish company Milvest, the construction reached an execution rate of 70% in just 11 months. This modern architectural complex, located in Kinshasa, will include several buildings intended to accommodate the Ministries of Finance and Budget, banks, offices, conference rooms, as well as a fountain and green spaces.
The project, pre-financed by the Turkish government for an amount of $290 million, is the result of cooperation between Turkey and the Democratic Republic of Congo. Milvest highlighted that during the construction phase, the company created thousands of jobs, including 1,800 for Congolese workers and 1,200 for Turkish nationals. Once the complex is inaugurated in December this year, another 5,000 direct jobs will be created.
It is important to note that the management of the financial center will be transversal, but Milvest will be responsible for the management of the Marriott hotel located in the complex for 49 years, in order to recoup its initial investment of more than $60 million.
In addition to this project, Milvest is also involved in other major projects in the Democratic Republic of Congo. She is responsible for modernizing N’djili international airport, which will be pre-financed by the company to the tune of $1.2 billion and managed for 29 years. Milvest will also take care of the renovation of the Kinshasa international fair (FIKIN), the construction of a 20,000-seat arena, as well as the installation of a cable car line in Kinshasa.
Despite some administrative delays, particularly linked to the acquisition of certain sites for the cable car stations, Milvest remains committed to the realization of these ambitious projects, which will contribute to economic development and the improvement of infrastructure in the Democratic Republic of Congo.
In conclusion, the financial center of the Democratic Republic of Congo is moving forward quickly and is expected to be inaugurated in December. This project, financed by Turkey, represents an opportunity for economic development and job creation for the country. Milvest, as a subsidiary of Miller Holding, is also involved in other major projects in the DRC, such as the modernization of N’djili airport and the construction of a cable car in Kinshasa. These initiatives demonstrate Turkey’s commitment to the development of Congolese infrastructure and its partnership with the country.