Overview

From 2008 to 2010, political instability and the global economic crisis slowed the construction industry considerably. However, the return of international investors to Guinea after the 2010 presidential elections sparked a boom in hotel, residential, and office building construction. Construction projects in Conakry remain robust, even following the September 2021 military coup d’état. As in most other sectors, most construction materials must be imported.

Leading Sub-Sectors

As with much of Guinea’s economy, the best prospects for growth revolve around mining operations. Several mining companies are expected to begin construction projects and will require a vast amount of infrastructure development to access their concessions.

Opportunities

There are several major bauxite companies in the process of expanding or establishing operations in Guinea. New investments by SMB and CBG, in addition to new market entrants, are expected to significantly increase Guinea’s bauxite output over the next five to ten years. The Compagnie des Bauxites de Guinee’s (CBG) (Bauxite Company of Guinea) expansion alone is valued at USD 660 million, and U.S.-based Fluor is leading the infrastructure preparation for CBG’s expansion project. High Power Exploration (HPX) via subsidiary the Societe des Mines de Fer de Guinee (SMFG) continues project preparatory work on the Mount Nimba iron ore project in Guinea’s Forest Region. The transition government reached an ambitious agreement with Rio Tinto and the SMB-Winning Consortium (WCS) in March 2022 to develop the rail and port infrastructure to bring ore from Simandou to market by early 2025, creating the Transguinean Company in July 2022 to co-develop and operate the infrastructure. As of August 2023, the key agreements, including the Co-Development Agreement, had been finalized. Major construction is also planned in the Kipe neighborhood of Conakry, the site for the new government quarter, over the next several years. Finally, the port of Conakry has modernized significantly in the past few years and is projected to expand significantly over the next five years.

Resources

• Compagnie des Bauxites de Guinee (CBG)
• SMFG
• Rio Tinto
• Alufer Mining
• Fluor
• Guicopres Group
• Guiter SA