Foreign companies investing in various sectors of Equatorial Guinea are helping to promote its infrastructure and image around the world. In recent years, many companies have moved into this commerce hub in West Africa, and the results have been promising. Increasing amounts of foreign direct investment are helping to change the face of Equatorial Guinea.
This change first started with the help of Serbian engineer Zoran Kilibarda, President of the construction company Imotec
. Mr Kilibarda first arrived in Equatorial Guinea in 2002 with few expectations. His work in Africa began in the nation of Gabon and continued until he came to learn of Equatorial Guinea’s potential: the lack of roads and infrastructure was an opportunity.
Determined to do work that would leave a mark on both Equatorial Guinea and Africa, Imotec began to develop buildings and other infrastructure projects. Mr Kilibarda’s first major project was the building of the headquarters for national telecommunications company Getesa, which proved to be an excellent calling card for his company to continue winning contracts.
“During the construction of the Getesa building, countless other projects came up,” says Mr Kilibarda. “The government appreciated our work.”
Imotec’s project portfolio now includes other high-profile buildings, such as the courthouse, CCEI Bank GE’s headquarters in Malabo II district, a health centre and the country’s first shopping centre.
Following years of success, Imotec recently embarked on its largest project to date: Malabo City. The site will include hotels, residential property and shopping malls. The $300 million project will employ over 1,000 workers from around the world. Facing competing bids from China and Dubai, Imotec had to show that it would change the face of the city through this project. Mr Kilibarda aims to have the completed city open by 2015.