• Duval and Côte d’Ivoire’s CNPS signed two real estate agreements worth CFA100 billion
• The projects, Village Notre Père and Riviera Park, aim to create over 1,700 jobs
• They are backed by national and international institutions, including BNI and IFC

French real estate firm Duval signed two major deals on May 12 in Abidjan with Côte d’Ivoire’s National Social Insurance Fund (CNPS). The agreements, worth a total of CFA100 billion (about $170 million), cover two large-scale real estate projects, including Village Notre Père and Riviera Park.

Village Notre Père will be built in the Plateau district, the heart of Abidjan’s business and government center. With a usable surface of over 21,000 square meters, the project will include a supermarket, a pedestrian shopping gallery, retail stores, a green space, and a hotel residence. It also includes plans to renovate the area’s first church, originally built in 1905. Certified under the EDGE green building standard, the project is expected to create around 700 jobs. It is scheduled to open in 2027.

Riviera Park, the second project, will be located in Cocody Faya, on the east side of Abidjan. It will feature a modern shopping center with a built area of 26,000 square meters on a 40,000 square meter site. The site will include a leisure center, a movie theater complex, a large supermarket, and restaurants. Also EDGE-certified, the development is expected to generate over 1,000 jobs.

The total cost of Riviera Park is estimated at CFA42 billion, according to Youssouf Fadiga, Director General of the National Investment Bank (BNI), which signed a CFA21 billion loan agreement for the project on the same day.

In addition to CNPS and BNI, several other institutions are involved in financing the projects. These include the General Pension Fund for Civil Servants (CGRAE), the International Finance Corporation (IFC), part of the World Bank Group, and Proparco, the private sector arm of France’s development agency AFD.