+27 71 448 3496

Simandou mega-project moves into higher gear

Share Article
From left to right: Bocar Ly, Senior Advisor to the President of the Republic of Guinea; Thibaut Lepingle, Managing Director of Setec International; Régis Dumay, Deputy Managing Director of Egis; Djiba Diakité, Minister, Director of the President's Cabinet and Chairman of the Simandou Project Strategic Committee; Arnaud de Rugy, Director of Egis Africa.

Simandou mega-project moves into higher gear  

With the signing of a contract between the government of Guinea and global engineering, consulting and construction company Egis yesterday, the Simandou mega iron ore project close to Conakry in Guinea, is another step closer to reality.    

Egis announced the signature of the contract with the Guinean government to act as technical advisor for the construction of the Simandou mega mining project’s infrastructure yesterday.

Located 550 kilometers southeast of Conakry, the Simandou project includes the construction of a 650km railway line (the Transguinean) and port facilities, in addition to the mega iron ore mine.

The Simandou iron ore deposit, one of the largest in the world, is expected to generate approximately USD7.5-billion in annual revenues and increase Guinea’s annual GDP by USD5.6-billion. The 26-month contract signed between the Republic of Guinea and Egis will enable Guinea to complete this key project for its economic development, while respecting the strictest technical, environmental, and good governance criteria.

The overall annual fiscal contribution of Simandou is estimated to reach more than USD1.5-billion. It is also estimated that the project will create close to 10,000 direct jobs (and more than 100,000 induced jobs) and the use of more than 3,500 local subcontractors. The development of the Transguinean will boost economic development along the corridor and open up the Guinée Forestière region.

Unique socio-economic development (Simandou mega-project moves into higher gear)

For Egis, this project represents an important step in its commitment to sustainable development in Africa, in line with its mission to contribute to the well-being of local populations. This is a unique socio-economic development project for Guinea, which will generate both short and long-term benefits that will have a lasting impact on the country.

According to Régis Dumay, Executive Director of Transport and Territories at Egis Group the Simandou project will mobilise all of the company’s expertise for Guinea and the Guineans.

“We are aware of the huge expectations linked to this structural project for the country, both in terms of economic benefits and respect for social and environmental matters. We are determined to meet this challenge,” says Dumay.

Simandou mega-project moves into higher gear

To subscribe to WhyAfrica’s free newsletters and digital magazines, click on the link https://www.whyafrica.co.za/subscribe/

WhyAfrica specialises in the sustainable utilisation of natural resources in Africa. We publish bi-weekly newsletters (24 per year), four magazines per year, and paid for research reports in the mining, agriculture, energy, infrastructure, water management, tourism, and environmental management sectors with a special focus on Environmental and Social Governance (ESG), biodiversity risk, conservation, the African Continental Free Trade Agreement, the political economy of Africa, Pan African institutions, climate change and how geopolitics affect the people of Africa. 

WhyAfrica readers and followers can now become members of WhyAfrica. Having membership for one year allows you access to valuable business intelligence and insight about projects, investments, the sustainable utilisation of natural resources and the political economy of Africa.

WhyAfrica members will be able to publish their own story on the WhyAfrica website and on all its social media platforms (corporate members pay more but can publish four articles per year).

WhyAfrica members will also receive four updated reports per year about developments across Africa in the mining, agriculture, energy, infrastructure, water management, ESG, environmental management and tourism sectors, as well as the “WhyAfrica Hawks Eye” Africa outlook report for 2023.

In addition, WhyAfrica members will receive an exclusive report with video clips and images about the projects and countries we visit during our annual WhyAfrica Road Trip (in 2023 we will visit the Limpopo Province of South Africa, Zimbabwe or Botswana, Zambia, DRC, Malawi, Tanzania and Kenya).

Members will also have an opportunity to join us on certain parts of the road trip and will be eligible for a huge discount to attend the WhyAfrica networking events before the road trip departs in Johannesburg, South Africa in July, and about halfway through the trip in Dar Es Salaam, Tanzania in August.  

One of WhyAfrica’s goals is to identify the opportunities and challenges in Africa, and at the same time, to stay informed about how geopolitics and the changing political economies in Africa affect your business. As a member you will have access to all this business intelligence. You can now register and pay to become a member by simply clicking on the following link: https://www.whyafrica.co.za/product/membership/


WhyAfrica promotes Africa as an investment and travel destination, analyses the continent’s business environment and investment opportunities, and reports on how the politics of African countries affect their development

WhyAfrica provides you with business intelligence that matters. Africa is our business, and we want it to be yours too. Subscribe here to WhyAfrica’s free newsletter and digital magazine. When it comes to natural resources in Africa, we cover all angles.

To subscribe to WhyAfrica’s free newsletters and digital magazines, click on the link https://www.whyafrica.co.za/subscribe/

For more news about Africa, visit our website at www.whyafrica.co.za 


Share Article


AgricultureEnvironmental Management & Climate ChangeEnergyESGInfrastructureMiningPolitical EconomyTourism and ConservationWater Management