logoBC
Yaoundé - 23 September 2020 -
Construction

Neo Congo Mall : Partner effectively launches construction works

Neo Congo Mall : Partner effectively launches construction works
  • Comments   -   Monday, 20 January 2020 16:58

(Business in Cameroon) - On the site hosting the Congo market, in Douala, foundations are gradually emerging from the ground. Thanks to a XAF28 billion public-private partnership with the Cameroonian economic operator Emmanuel Neossi, the start of this construction, which should make way for a modern shopping centre with 3,350 shops, is now effective. This construction is launched after many years of difficulties, which led the Urban Community of Douala, the project owner, to terminate the contract with its former partner, the Cameroonian-American company SICC.

The new partner has been at work for three months now. According to sources close to the case, Neo Congo Mall (name of the new shopping centre) will be erected on this site.

This project will enable the industrialist Emmanuel Neossi, promoter of Neo Industry, to carry out his first major real estate project, following the signature, in September 2019, of a joint venture with the French business engineering company CIOA. This agreement led to the creation of a company called Neo Real Estate, 49% controlled by CIOA and 51% controlled by Neo Industry.

According to the agreement, this joint venture is licensed to exploit CIOA group’s Bati-Fablab micro-plant technologies, which will enable the production in Cameroon of 80% of the materials required for the construction of buildings. This joint venture also plans to install a pilot Bati-Fablab with a capacity of 1,000 houses per year in the Western region of Cameroon.

BRM

cemac-towards-the-creation-of-a-mixed-inter-state-customs-brigade
Cameroon's Directorate-General of Customs recently hosted a meeting aimed at ensuring the consistency of the draft regulation on the creation,...
cameroon-becomes-one-of-turkey-s-four-african-gas-suppliers
Thanks to Hilli Episeyo (the floating natural gas liquefaction plant commissioned off the coast of Kribi in 2018), Cameroon has become one of the four...
cemac-cameroon-gabon-and-congo-s-public-securities-were-the-most-sought-after-in-q2-2020-beac
In Q2-2020, the treasury bills issued by Cameroon, Gabon, and Congo (to a lesser extent) were the most sought after, according to the quarterly bulletin...
cemac-prices-of-agricultural-export-commodities-dropped-by-7-6-in-q2-2020-beac
In Q2-2020, the global prices of agricultural products exported by CEMAC countries dropped by 7.6%, according to the commodity price index recently...

Mags frontpage


Business in Cameroon n91: September 2020

Covid-19 Insights from entrepreneurs


Land squabbles between citizens and the government


Investir au Cameroun n101 Septembre 2020

Covid-19 Des entrepreneurs s’expriment


Les populations défendent leur patrimoine foncier

  1. Most read 7 days
  2. shared 1 month
  3. read 1 month
next
prev