“Financial center of the DRC: 70% of the work completed in just 11 months”
Milvest, a subsidiary of Miller Holding, recently announced that construction work on the first financial center in the Democratic Republic of Congo (DRC) had reached an execution rate of 70% after only 11 months of construction. A guided tour was organized on the project site to present to journalists the progress of this major construction.
This modern architectural complex is made up of six buildings of 16 to 20 floors, all located in the heart of the commune of Gombe in Kinshasa. The buildings will notably house the Ministries of Finance and Budget, banks and commercial houses, offices, conference rooms, as well as a green and entertainment space. In addition, the complex will have the largest fountain in Central Africa, as well as two underground car parks that can accommodate up to 1,100 vehicles.
This project, the result of cooperation between Turkey and the DRC, was pre-financed by the Turkish government to the tune of $290 million. The chairman of the Milvest Board of Directors, Turhan Mildon, clarified that all infrastructure would belong to the DRC. In addition, during the construction phase, the company has already generated more than 3,000 jobs, including 1,800 for Congolese workers. Once the complex is inaugurated in December this year, an additional 5,000 direct jobs will be created.
It should be noted that the management of the Kinshasa Financial Center will be transversal, however, Milvest will be responsible for managing the Marriott hotel being built in this space for 49 years, in order to recover its investment estimated at more than $60 million. .
In addition to this project, Milvest is currently engaged in the construction of several other infrastructures in the DRC. She is notably responsible for the modernization of N’djili international airport, a project pre-financed to the tune of $1.2 billion, which will then be managed by the company for 29 years. In addition, Milvest will rehabilitate the Kinshasa international fair (FIKIN), build a 20,000-seat Arena and install a cable car line in the Congolese capital.
However, construction work on the aerial cable car line has encountered some delays, due to administrative problems related to the acquisition of certain sites for the stations. Once these issues are resolved, the cable car will connect the University of Kinshasa to Triangle station, with a capacity to transport up to 5,000 passengers per day over a distance of 2 kilometers.
Milvest, a subsidiary of Miller Holding, is a family-owned Turkish company founded in 1967. It operates in various sectors, such as automotive, food, energy and construction. With its commitment to the development of infrastructure in the DRC, Milvest contributes to the country’s economic growth and the creation of local jobs.
In conclusion, the first financial center in the DRC is on track, with an execution rate of 70% after only 11 months of work. This project, pre-financed by Turkey, will contribute to the country’s economic development and job creation. Additionally, Milvest is also involved in other infrastructure projects in the DRC, demonstrating its commitment to supporting the country’s growth in different sectors.