Economy_The A&M Developement Company sets up shop in Guinea: “an opportunity to be seized” (Mohamed Saïd Touré)
After five years of procedures, the Company A&M Developement Guinea SA has just obtained its approval in the Republic of Guinea. Questioned this Saturday March 16, 2024 by one of our journalists, Mohamed Saïd Touré, representative in Guinea of the said Company confirmed the information.
“ It is a company which has just obtained its approval in the Republic of Guinea. A&M Developments is a project development and construction company capable of managing complex construction projects thanks to its flexibility and combined knowledge arising from the distinctive specialization of its employees and managers. This company is based in the United States of America and is present in 16 countries around the world. This is a new opportunity for Guinea. For its installation in Guinea, it began the process in 2019. It is a global strategic company which has a policy called Infrastructures against Mines. That is to say, it finances mega state projects and in return mining concessions (Bauxite, Gold, Diamond, etc.). Guinea is a very rich country and we have a lot of things to develop. This is why this company has implemented real policies to help Guinea. It plans to make enormous investments which vary between 20 and 100 billion US dollars. Everything will depend on the projects that the State will submit. What remains clear is that it is a very experienced and credible company. In 2020, it signed a US$20 billion deal in Congo . With this in mind, many projects are cited. This involves the construction of a railway and the development of agriculture. These are the kinds of projects that we also want for Guinea ,” he explained.
Big ambitions for Guinea
“ In our portfolio, we have if all goes well, the construction of the Maferinyah international airport, we also want to finance the construction of the Conakry-Bamako-Burkina Faso railway but also towards Sierra Leone, the construction of 100 schools Across the country. We will also build an investment and development bank because we do not have an investment bank in the country. For entrepreneurs, obtaining loans from local banks is quite an ordeal. This bank will finance mining projects, agro-business projects and any other project that can facilitate the employability of young people since the government wants youth to be autonomous. We are currently taking steps to obtain these different projects. Currently, we are in the installation phase. After this stage, in collusion with the government, we will begin the financing phase of these projects that we have just mentioned. We were also told about construction projects of 20 thousand and 50 thousand housing units that we are capable of financing. We aim to build a bauxite and gold refinery plant but also a port . We are able to finance the construction of a toll road on the North Corniche Conakry-Dubreka, Conakry-Coyah-Forecariah-Kindia, Dubreka-Fria-boké and Dubreka-Boffa . We also intend to finance the construction of a rice production factory but also hydroelectric dams and the Koloma directional center project. In our portfolio, we also have the project to build a port for evacuating mining products.”
Thousands of direct and indirect jobs in perspective
“ We thank the Guinean authorities who agreed to give approval to A&M Developement Guinea SA which is willing to support the government to get Guinea out of the rut. Today, when you take the construction of the railway, it is a project that will employ thousands of people (between 3,000 and 10,000) – the construction of the Maferinya international airport will generate between 2,000 and 10,000 jobs. , the construction of 100 schools will greatly help entrepreneurs. The government’s policy is to support entrepreneurs in different regions. Our company is committed to financing these government flagship projects. Our company also specializes in the construction of hydroelectric dams, ports, roads, hospitals but also in agriculture and livestock. In short, it is a company that can help the country’s economic take-off”
An opportunity for Guinea to seize
“ We thank the President of the Republic, General Mamadi Doumbouya and the government. We tell them that we are willing to support them in the development of these projects mentioned above. This is an opportunity for Guinea to seize. I also thank Dr. Sadeck Khaled, CEO of A&M Developement Group-LLC USA for the choice of my modest person to represent A&M Developement Guinea SA here .”
A&M Developments develops and manages the development and construction of projects in Egypt and abroad, involving the complete design and construction of commercial and residential real estate as well as infrastructure projects such as roads, highways, bridges , airports and ports, hospitals, aqueducts and gas pipelines, hydraulic works, river and flood defense works, residential and industrial buildings both in traditional and prefabricated technologies, hospitals, water treatment plants such as water purification and water desalination.
Additionally, A&M Developments responded quickly to the complex opportunities offered by project finance across all sectors, including energy, renewables, infrastructure as well as commercial and civil construction works.
The team includes architects, engineers, designers, planners, financial managers capable of serving clients in different countries around the world.
A&M Developments has completed the most challenging projects across the world, from bridges and viaducts, stadiums, industrial buildings, military infrastructure, ship hulls, lifting systems, to modules and platforms for the oil and gas industries. Additionally, a producer of custom-built beams and a leading manufacturer of large diameter, high wall thickness steel tubes for offshore construction and oil and gas applications.
The company has successfully delivered projects in a variety of emerging markets, particularly in the Middle East and Africa.
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