Title: The imminent inauguration of the Kinshasa Financial Center: a symbol of cooperation between the DRC and Turkey
Introduction :
The inauguration of the Kinshasa Financial Center is scheduled for December 2, 2023, marking an important milestone in cooperation between the Democratic Republic of Congo (DRC) and Turkey. Funded by the Turkish Government to the tune of $290 million, this ambitious project symbolizes the desire of the two countries to strengthen their relations and stimulate economic development in the region. The Turkish company Milvest is in charge of the construction of this financial center, which will include buildings, a luxury hotel and an impressive fountain.
The Kinshasa Financial Center project:
The Kinshasa Financial Center is made up of two separate projects carried out by Milvest. On the one hand, there is the Financial Center itself, which will include six buildings and a luxury hotel. A 3,000 square meter fountain, the largest in Central Africa, will also be erected, offering a breathtaking visual spectacle with its water jet system. Furthermore, Milvest is also building a conference hall as well as two blocks of offices intended for rental.
The economic and social impact of the project:
Since the start of work in June 2022, the Kinshasa Financial Center construction site has created nearly 3,000 jobs, including 1,800 for Congolese and 1,200 for Turks. These figures demonstrate the positive social and economic impact of the project, providing employment and training opportunities for the inhabitants of Kinshasa. The Financial Center will also host the services of the Ministries of Finance and Budget, thus helping to strengthen the country’s administrative infrastructure.
Management of the Financial Center:
From a transversal management perspective, Milvest will be responsible for managing the Marriott hotel for 49 years before handing it over fully to the Congolese state. This collaboration will allow Milvest to leverage its investment of more than $60 million in this hotel project. The Democratic Republic of Congo will also benefit from cash flows generated by the Kinshasa Financial Center.
Conclusion :
The imminent inauguration of the Kinshasa Financial Center marks an important step in cooperation between the DRC and Turkey. This ambitious project, funded by the Turkish Government, demonstrates the commitment of the two countries to strengthen their relations and promote economic development. The Financial Center will play a key role in the country’s administrative infrastructure, providing employment and growth opportunities for the residents of Kinshasa. This inauguration is an event not to be missed, symbolizing the promising future of cooperation between the DRC and Turkey.