Finance

Cameroon: A FCFA 550 milliards funding promise from Turks to develop projects

Friday, 11 September 2015 07:43

Upon ending his stay in Cameroon, Turkish ambassador Omer Farouk Dogan (picture) announced that the Turkish private sector plans on investing FCFA 550 billion to develop infrastructures in Cameroon. The funding should, mostly, be used to build sport infrastructures for the upcoming 2019 African Cup of Nations which will be held in Cameroon.

I can assure you that this FCFA 550 billion envelop will arrive in Cameroon in six weeks, to be used in the realization of the Cameroonian projects. It is now up to Cameroon’s government to choose the priority projects”, says the Turkish emissary in an interview given to Quotidien gouvernemental, and published on September 9, 2015.

This funding is certainly the most significant action taken by Omer Farouk Dogan during his 3-year stay in Cameroon. Asides this action, the arrival of Turkish Airlines in Cameroon’s skies, the construction of 600,000 tons-producing cement plant by Turkish group Eren Holdings, and the construction of the Turkam hall in Yaoundé, are the other achievements to add to the Turkish ambassador’s checklist.

However, despite all his accomplishments in Cameroon, Omer Farouk Dogan’s only regret as he leaves the country is not being able to penetrate the agricultural industry.

The strategic partnership between Cameroon and Turkey is a deep one. By producing in Cameroon we are able to reach 300 million consumers from the Sub-region. With turkey’s private sector’s experience and know-how, we can accompany Cameroon towards its emergence in 2035. This is why Cameroon is very important to us”, explained Omer Farouk Dogan, to justify Turkey’s growing interest for Cameroon, over the last five years.

BRM

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