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Cameroon: Limbe borough seeking FCfa 60 billion to build 35 hectares urban complex

Cameroon: Limbe borough seeking FCfa 60 billion to build 35 hectares urban complex
  • Comments   -   Thursday, 02 June 2016 08:00

(Business in Cameroon) - The delegate of the government of the City of Limbe, in South-West Cameroon, arrived at the investment conference organised in Yaoundé on 17 and 18 May 2016 with a huge project in his kit.

Indeed, Andrew Monjimba Motanga tried to capture the interest of the various investors gathered in the Cameroonian capital to finance the “Downbeach urban project”, meant to build a complex over 35 hectares in the coastal city of Limbe.

Based on the details given to the investors by the Mayor of Limbe, this complex which requires a total financing of FCfa 60 billion will host a 2,000 seats convention hall, a shopping mall covering 10,000 m2, as well as the biggest aquarium of Central Africa, which will cover an area of 5,000m2.

A marina is also scheduled to be built for tourists flocking to the beaches of this city, a hotel complex, as well as a modern restaurant on stilts with a capacity of 400 people.

In addition to contributing to the development of urban planning and the promotion of tourism in Cameroon, this infrastructure will help create thousands of jobs, the project sponsors claim.

Brice R. Mbodiam

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