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Guinea: Arab investors interested in new airline project Guinea: Arab investors interested in new airline project

Arab investors are expected in Conakrythis week as part of discussions on plans to create a new airline. The information was made public during a press briefing on Friday, August 21, by the Secretary General of the Ministry of International Cooperation and African Integration, Dr Hady Barry (photo).

“They asked our department to facilitate their meeting with the ministries concerned. They want to come to Conakry with substantial funding, ”he said.

According to them, these investors intend to set up a carrier which will ensure the mesh of the national network. It "will serve the major cities of Guinea including N’Zérékoré, Mamou, Kankan, Labé, Faranah" announces Dr Hady Barry. “This will facilitate the mobility of Guineans and will have a positive impact on the country's economic development. "

The future company will also be called upon to deploy on the main roads of West Africa, which remain "poorly served according to their studies," he said, adding that its creation could generate 1,000 direct and indirect jobs.

Recall that in the meantime Guineans are still waiting for the launch of commercial flights from Guinea Airlines, in which the State is a 20% shareholder. Born from the partnership between the local Business Marketing (GBM) group owned by businessman Antonio SOUARE and Regourd Aviation, the young company was officially launched on February 25, 2017 with a lot of media noise. More than three years later, no plane is visible in the sky.

While the dilapidated state of domestic aerodromes is cited as one of the causes of the delay in the effectiveness of operations, we are mainly talking about disputes between the main shareholders.
Source: newsaero