The Director General of the Port Authority of Douala (PAD), Mr. Cyrus Ngo’o, and the Founder and CEO of the Arise Group, Mr. Gagan Gupta, have just signed a Partnership Agreement for the Design, Financing, Development, and Management of an industrial-port activity zone on the banks of the Dibamba (Missolè 1).
This major structuring project aims to create an integrated industrial and logistics ecosystem, divided into three components: a 350-hectare industrial platform, a 100-hectare multimodal logistics zone, and a 50-hectare residential area.
The project will target nine priority sectors: Agro-industry, the timber industry, textiles, mining, energy, construction, digital technology, chemicals, and pharmaceuticals.
According to estimates, the industrial zone will generate 15,000 direct jobs. The expansion of agricultural land needed to supply inputs to the industrial zone could create about 500,000 jobs.
The Director General of PAD, Mr. Cyrus Ngo’o, has included in the agreement an obligation for the Arise partner to prioritize youth employability.
Indeed, Article 7 paragraph 1 of the decree of January 24, 2019, gives PAD the possibility to create and develop industrial and port zones.
The implementation of this project is scheduled for the first quarter of 2025.
Source: PAD
