Expansion of Industrial Zones: MAGZI Projects 9,000 Hectares by 2035
During a technical seminar organized in collaboration with the United Nations Industrial Development Organization (UNIDO), the Mission for the Development and Management of Industrial Zones (MAGZI) unveiled a roadmap focused on expanding its land offering.
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The public company aims to develop 9,101 hectares of additional industrial land by 2035. The plan aims to provide the country with modern logistics spaces at a time when the implementation of the African Continental Free Trade Area (AfCFTA) requires an increase in local productivity.
The institution's current assets, consisting of 1,293 hectares of developed land spread across eleven national sites, show a level of saturation that limits the establishment of new units. The current operational infrastructure brings together 405 companies, providing more than 20,000 direct jobs. In terms of macroeconomic impact, the entity's contribution remains substantial: the production of resident firms has reached 4,622.15 billion CFA francs, representing 3.14% of the country's productive wealth, with an estimated global added value of 1,383.2 billion CFA francs. The planned expansion marks a desire for industrial decentralization, targeting future hubs such as Yassa, Dibombari, Edéa, or the Minim-Martap mining basin.
The new mapping consecrates the supremacy of the port city of Kribi, which alone accounts for 5,000 hectares, or more than half of the planned areas. Limbé completes the coastal hub with 1,000 hectares of projected land area. However, the main bottleneck of the reform remains the financing model, as the organization has only mobilized 20 billion CFA francs over its fifty years of existence. To circumvent the budget constraint, the top management recommends the establishment of a dedicated National Development Fund, fed by customs allocations and multilateral mechanisms, while a survey of 200 industrial structures will serve to calibrate priority investments.
Asaba
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