BUSINESS ENVIRONMENT AND INVESTMENT OPPORTUNITIES IN CÔTE D’IVOIRE

Presented by: Mr. Ahmed DIOMANDE, Special Advisor to the CEO / Director of Investment Attraction DepartmentSeptember 20th, 2016

1 INTRODUCTION

2 ECONOMIC OVERVIEW

3 BUSINESS ENVIRONMENT

5 INVESTMENT OPPORTUNITIES: SOME PPP PROJECTS

6 CONCLUSION

SUMMARY

The President vision:

“My ambition is making Côte d’Ivoire an emerging country by 2020”

The private sector is the pillar of our economic development

Improve the attractiveness of the country by creating the most competitive business environment in Africa

INTRODUCTION

His Excellency Alassane OUATTARAPresident of the Republic of

Côte d’Ivoire3

II. ECONOMIC OVERVIEW Emerging country by 2020 is a National

ambition of the Government Double digit and sustainable economic

growth

National Development Plan 2016 – 2020

Cost : 60 Billions USD• Private sector investment (62%):

Cost: 37 billions USD• Public sector investment (38%):

Cost: 23 billionsUSD

Attractiveness of the Country• Business Environment improvement• Incentives for investment

Private sector as a pillar of this growth

Economic Growth• 2012: 10,7%• 2013:   9,2%• 2014 :  8,5%• 2015 :  9,4%

Progression of GDP growth rate and the global investment rate from  2011 to 2014

Steady  increase of Investments’ share in the GDP: 12,8% in 2012 to 19,9% in 2015. 

GDP growth rate sustained by global investments. The completion rate of the National Development Plan (NDP 2012‐ 2015) is 

about 66% of which the private sector account for 65% Investments achieved: 22,3 billions USD

II. ECONOMIC OVERVIEW

5

Other manufacturing industries: metallurgical industries, plastic, wood, leather, ...Other services: Security, Health, Education, Training, Business Support

The FDI sectors 2012-2015

Extractive industries

2%

Other manufacturing industries

4% Other services4%Chemical 

industries5%

Transport5%

Hotel Industry6%

Agrifood /Agribusiness20%

Buildings and public works

22%

Telecommunication32%

1. A Secured Business Environment

Commercial Court of Abidjan Resolution of minor disputes Protecting Minority Investors Instituting alternative mecanism of conflict resolution

III. BUSINESS ENVIRONMENT Improvement measures

2. Facilitating and simplifying procedures

Digitalization of administrative acts and services Creation of One stop shops ( Foreign Trade– Building

Permit – CEPICI) Incorporating a company within 24 hours at CEPICI’s one-

stop shop GU Investment agreement delivered within 21 days

3. Business Tax Incentives Investment Code (Reduction from 40% to 50% in the

amount of customs duty +0% VAT + Exemption from TAX on Industrial and commercial profit for 5 – 8 – 15 years)

Sectoral codes (Electricity, Mining, Petroleum, Telecommunication)

VITIB (Free Trade Zone in Biotechnology and Information Technologies)

4. Establishment of institutional framework Public Private Partnership (PPP) Public Contracts Code SME/SMI’s Development Program (PHOENIX) Authority for the Regulation and Management of Public

Procurement,(ANMRP) National Competition Commission

III. BUSINESS ENVIRONMENTImprovement measures

III. BUSINESS ENVIRONMENTRESULTS

A significant jump of 35 places / Doing Business in 3 years 

An increase of 24 places / Competitiveness (WEF 2015)

An increase of 21 places / Transparency International 2015

United Nations Security Index (SNU) : 4 in 2011 to 2 in 2015

Financial Rating:  B1 to Ba3 in 2015 / Moody’s, B to B+ in 2015 / Fitch Ratings

These results contribute to enhancing the attractiveness of the destination Côte d’Ivoire

SECTOR INDUSTRIAL (Industry, BTP, Infrastructure…)

SERVICES (Commerce, transport, Hotel)

PROJECTS 25 45

AMOUNT (Billions FCFA)

3 944  4 218

Industry48%Services

52%

MAJOR PPP PROJECTS OF THE GOVERNMENT OF CÔTE D’IVOIREMAJOR PPP PROJECTS OF THE GOVERNMENT OF CÔTE D’IVOIRE

IV. INVESTMENT OPPORTUNITIES

PPP PROJECTS IN INDUSTRIAL SECTOR

Cost: 3 872 milliards FCFA

BTP / Construction26%

Energy20%

Agri‐Business2%

Hydrocarbons14%

Mining34%

Environment1%

Industrial Zone3%

IV. INVESTMENT OPPORTUNITIES

1st world Cocoa producer

(1 700 000 t) 1st African palm oil exporter(420 000 t)

1st World cashew producer and 1st exporter (700 000 t )

1st AfricanTuna port

1st African rubber producer(322 000 t)

4th African pineapple exporter(52 000 t)

7th African mango exporter(47 000 t)

4th African Cotton exporter(400 000 t)

6th World Coffee Producer

(107 000 t)

1st African producer(260 000 t)

1st world Producer of Kolas nuts (35 000 t)

12

AGRICULTUREINVESTMENT OPPORTUNITIES IN AGRICULTURE

PLANNING AND DEVELOPMENT OF AGRICULTURALINFRASTRUCTURES AND SHALLOWS

AGRICULTURE

Description• Develop 15 000 ha of lowlands for the improvement of food and nutritional

security of the populations through:• the rehabilitation and opening of agricultural feeder roads• the construction and rehabilitation of hydro‐agricultural works• the construction and rehabilitation of collection, storage and packaginginfrastructures

• the construction of Seed centres• strengthening the producers technical knowledge

Expectations• Seeking for funding

Estimated cost• USD : 175 millions• FCFA : 96 billion

CONSTRUCTION OF THE MAJOR MISSING LINK OF THE COASTAL HIGHWAY

Description

• Construction of a highway of 2 x 2 roadsbetween Grand Lahou and San Pédro of a totallength of 220 km

• Link up the 2 ports of the country• Extention of the Lagos‐Abidjan corridor

Status of the project

• Studies to launch

Estimated cost• 836 millions USD• 418 billion FCFA

ROAD INFRASTRUCTURES

CREATION AND EXPLOITATION OF INDUSTRIAL ZONES  IN THE COUNTRY(Abidjan and country‐side)

INDUSTRY

Description• Development of industrial zones in the

main cities of the country : 7 major citiesin the country‐side and Abidjan

• Consolidate and decongest the industrialinfrastructure of Abidjan. Thesedevelopments will be implemented bysuccessive tranche of 50 ha for each ofthe localities.

State of progressSpaces are identified, the majority of thesespaces is not yet serviced.

Estimated cost• USD: 409 millions• FCFA: 225 billion

INTEGRATEDMINE DEVELOPMENT PROJECT OF THE WEST

Description

• Exploitation of the iron deposits on Mount Gao andMount Klahoyo

• Ore railway construction of about 500 km capable ofevacuating 70 to 100 millions tons of iron per year(600 billion FCFA)

• Construction of an ore terminal in San‐Pedro Port(700 billion FCFA)

Status of project

• Searching for funding

Estimated cost

• USD: 2364 millions• FCFA: 1300 billion

MINING 

LIQUEFIED NATURAL GAS SUPPLY TO COTE D'IVOIRE (GNL) CONSTRUCTION AND OPERATION OF AN HYDROCARBON DEPOT AND AN OIL TANKER DOCK AT 

SAN PEDRO (second port)

HYDROCARBONS

Description LIQUEFIED NATURAL GAS SUPPLY TO COTE D'IVOIRE (GNL)• Install a floating storage and regasification (FSRU) on the coast of Grand‐Bassam• Build a new onshore and offshore section (ocean and lagoon)• Import LNG to Côte d’Ivoire

CONSTRUCTION AND OPERATION OF AN HYDROCARBON DEPOT AND AN OILTANKER DOCK AT SAN PEDRO

• Build on the basis of technical economic studies, an hydrocarbon storage depotwith a capacity of 43 000 m3 liquid hydrocarbon and of 2 000 TM butane gas

• Build a ferry dock which ca accommodate tankers of 180 m of maximum length,a port of 40 000TM capacity‐heavy and a draft of 11 m

Status of project

• Seeking for funding

Estimated cost

• USD : 284 millions• FCFA : 142 billion

Cost : 4 218 Billions FCFA / 7 Billions USD

Others (Security, Sports and Leasure)

5%

Commerce4%

Education/Training4%

TIC5%

Tourism and Culture16%

Health14%

Transports52%

PPP PROJECTS IN SERVICES SECTORIV. INVESTMENT OPPORTUNITIES

PROGRAM OF CONSTRUCTION OF CAMPUSES AND UNIVERSITY EQUIPMENTS (Six major cities in the country)

HIGHER EDUCATION

Objectives• Assure the access to quality higher

education• Improve the integration of graduates of

higher education• Contribute to the economic development

of the regions

State of progress

• Sites identified• Study to be performed• Searching for funding

Estimated cost• USD: 1519 millions• FCFA : 1246 billion

REHABILITATION, EQUIPMENT ANDMAINTENANCE OF TWOUCHs IN ABIDJAN CONSTRUCTION OF NATIONAL CENTRE OF RADIOTHERAPY ANDMEDICAL ONCOLOGY OF ABIDJAN (CNROM)

HEALTH 

Description REHABILITATION, EQUIPMENT AND MAINTENANCE OF TWO UCHs IN ABIDJAN• Rehabilitation of the existing premises• Construction of new office premises and accommodations and

technical premises• Construction of structures and infrastructures• Purchase of equipments CONSTRUCTION OF NATIONAL CENTRE OF RADIOTHERAPY AND MEDICAL

ONCOLOGY OF ABIDJAN (CNROM)• Providing local treatment to cancer patients• Providing preventive, curative and promotional quality care,

financially and geographically accessible to the publicExpectations• Seeking for funding• Call to tenderEstimated cost• USD: 600 millions• FCFA : 300 billion

WATER SUPPLY TO THE CITY OF ABIDJAN

WATER AND SANITATION

Description• Ensure the supply of portable water to Abidjan and the surrounding towns

through the realization of the following infrastructures :• A water intake tower on the Bandama including the raw water pumpingstation (SPEB).

• A complet conventional treatment plant of a capacityof 300 000 m³/d.

• A treated water pumping station (SPET).• The main network for the delivery ofpotable water to Abidjan

• Terminal storage tarps at Abidjan, of a totalcapacity of 80 000 m³.

State of progress• Pre‐feasibility studies are available

Estimated cost• USD : 560 millions• FCFA: 280 billion

Zone cible

NUMBER PROJECTS AMOUNT(BILLION FCFA)

AMOUNT (MILLION USD)

PROJECT N°32.

Developing and operating 9 “hut‐stopovers”

11 700 23

PROJECT N°33

Rehabilitating and operating of 5 SIETHO hotels

11 000 22

PROJECT N°33

Rehabilitating and operating the “Hotel President” of 

Yamoussoukro

30 000 60

PPP PROJECTS IN TOURISM SECTORIV. INVESTMENT OPPORTUNITIES

THANK YOU FOR YOUR KIND ATTENTION!

Côte d'Ivoire, a country with :Economic outlook is promising

A business climate in constant improvement

A high potential and investment opportunitiesCEPICI is ready to assist You achieving

your investment projects.

www.ppp.gouv.ciwww.cepici.gouv.ci