AYV News, October 5, 2023
Massive infrastructral works ongoing at the Koya site
ARISE Integrated Industrial Platforms (ARISE IIP), a developer and operator of world-class industrial ecosystems across Africa is currently undertaking massive infrastructural works at the SIZ – Koya industrial zone.
This asset, in line with ARISE IIP’s ambition to unlock Africa’s industrial potential, will support Sierra Leone in advancing the country’s industrialisation agenda.
Within the construction, ARISE IIP will invest USD 120 million in the development of the SIZ – Koya (Sierra Leone Industrial Zones), the result of a public-private partnership between ARISE IIP and the Republic of Sierra Leone.
As part of Phase 1, which started in May this year, the SIZ – Koya will feature the installation of 16 production units mainly focused on import substitution industries.
Covering 150 hectares, this first phase is estimated to generate $165 million in private investment (FDI) and create 2,500 direct jobs.
As part of SIZ – Koya Phase 2, 37 production units will be set up over 350 hectares within the zone, mainly in the field of import substitution industries and local processing of raw materials into high value-added products. The investment is estimated at $140 million (FDI) and 6,500 additional jobs will be created.
The SIZ-Koya integrated industrial zone is designed to host companies specialising, among other things, in agro-industry, timber processing, pharmaceuticals, consumer goods manufacturing, electric vehicle manufacturing and cement and tile manufacturing.
Founder and CEO of ARISE IIP, Gagan Gupta said: “ARISE IIP is committed to building a sustainable future by creating job opportunities, empowering local communities, and promoting economic growth through industrial development.
“Our partnership with the Republic of Sierra Leone is a testament to our commitment to making a positive impact in Africa. Through the SIZ-Koya project, we aim to create world-class industrial infrastructure that will attract local and international investors to the region.
“We are confident that this integrated infrastructure will not only lead to job creation, but also contribute more broadly to the industrialisation of Sierra Leone in a sustainable and responsible way.”
For the past few years, ARISE IIP has experienced a remarkable expansion across more than a dozen African countries. For reference, in Gabon, ARISE IIP manages the Gabon Special Economic Zone (GSEZ) which focuses on the timber industry, and has created 16,000 jobs, attracted 120 investors, and enabled Gabon to move from being an exporter of logs to the world’s 2nd largest producer and exporter of veneer, as well as the first in Africa.
Across the continent, ARISE IIP’s primary drive has always been the creation of industrial ecosystems committed to generating high local added value along with sustainable growth.
ARISE IIP is a pan-African developer and operator of world-class industrial parks committed to making Africa thrive. They identify opportunities in commercial and industrial value chains across Africa, and conceive, finance, build and operate the necessary infrastructure, playing a catalytic role in supporting countries to transition to an industrial economy.
They are driven by the pursuit of green growth; their ambition is to unlock the continent’s industrial potential while neutralising their carbon emissions and climate impact.
ARISE IIP is currently present in Benin (GDIZ), Togo (PIA), Gabon (GSEZ), Côte d’Ivoire (ZIC), and more.
