AM Development Guinea SA Initiates Bauxite Site Visit in Mamou for $50 Billion Investment
On March 30, 2024, AM Development Guinea SA conducted a site visit in Mamou for bauxite identification, following project approval. The project entails a 326-kilometer railway construction to Benty, along with a mineral port, bauxite refinery, and hydroelectric micro-dam. The company plans to invest $50 billion and create tens of thousands of jobs, while also seeking government collaboration for urban development in Conakry to enhance youth employability and economic growth.
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AM Development Guinea SA conducted a site identification visit on March 30, 2024, for bauxite in Mamou, following project approval. The initiative includes building a 326-kilometer railway connecting Mamou to Benty, which will feature a mineral port, a bauxite refinery, and a hydroelectric micro-dam.
The company is set to invest $50 billion, aiming to generate tens of thousands of jobs for local residents. Additionally, AM Development is pursuing collaboration with the government on urban development projects in Conakry and nearby regions to improve youth employment and stimulate economic growth.
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