The Kinshasa Financial Center: a symbol of cooperation between the DRC and Turkey
The inauguration of the Kinshasa Financial Center, a project financed by the Turkish government to the tune of $290 million, is scheduled for December 2, 2023. This great achievement is the result of close cooperation between the Democratic Republic of Congo and Turkey, symbolized by the signing of agreements between the two countries in 2022.
The Turkish company Milvest is in charge of the construction of this ambitious project, which will include 6 buildings and a luxury hotel. A spectacular 3,000 m2 fountain, the largest in Central Africa, will also be erected on the site. The Kinshasa Financial Center will notably host the services of the Ministries of Finance and Budget.
This large-scale project, which began in June 2022, currently employs around 3,000 people, including 1,800 Congolese and 1,200 Turks. Ultimately, it is estimated that nearly 5,000 people will work on this site.
In addition to the construction of the Financial Center, Milvest is also building a Congress Hall and offices for rental. The underground parking lot of the Financial Center will be able to accommodate up to 800 vehicles, while that of the Congress Hall will have a capacity of 300 to 400 vehicles.
According to Turhan Mildon, the director of Milvest, all the infrastructure built belongs to the Democratic Republic of Congo. However, management of the Financial Center, including the hotel, will be entrusted to Milvest for 49 years, before being entirely ceded to the Congolese state. During this period, the DRC will benefit from the income generated by the Financial Center.
The opening of the Kinshasa Financial Center marks an important step in the economic development of the DRC and strengthens relations between the DRC and Turkey. This major project will contribute to job creation and the economic attractiveness of Kinshasa, making the Congolese capital a major financial center in Central Africa.
International cooperation and foreign investment are important drivers for economic development and infrastructure improvement in the Democratic Republic of Congo. The Kinshasa Financial Center is a concrete example, demonstrating the commitment of partner countries to supporting the country’s development.