Summary:
Guinea opens up to the Monégasque market, presenting investment opportunities in agriculture, industry, energy, and tourism.
Full Story:
The Republic of Guinea has accredited its first Ambassador to Monaco, marking a significant step in diplomatic relations between the two countries. During a Business Lunch organized by the Honorary Consul of Guinea in Monaco, with the support of the Monaco Economic Board and the Department of External Relations and Cooperation of the Principality Government, the Ambassador presented investment opportunities in Guinea to Monaco. Guinea, with a population of 14 million, boasts a remarkable economic health, with a 6% growth in the third quarter of 2024 and controlled inflation at 4.7%. The country is projected to achieve an annual growth rate of 5-6% from 2025-2028, mainly driven by the mining sector. The Ambassador’s economic advisor emphasized the “diverse economic potential” and “attractive taxation” that Guinea offers, highlighting sectors such as agriculture, industry, energy, and tourism as strategic for Monaco investors. The meeting served as a platform to initiate valuable contacts and forge fruitful collaborations between Monaco and Guinea, signaling a new chapter in their economic relations. The Simandou 2040 program, presented by the Ambassador, outlines a vision for sustainable development for the next 15 years, providing a stable framework for future investments.
Source:
Monaco Tribune
