With the involvement and financial banking of mainly Chinese construction companies Equatorial Guinea has gone on a spree of construction projects that witnessed new roads, bridges, administration and corporate buildings and hotels. The modern urban area of Malabo II and the $600 million future capital city of Oyala, on the continental mainland, were the biggest recipients of this significant facelift. While a lot has been done, the job is far from over. The government welcomes investment in a host of areas to build new schools, health centers, shops, and service and leisure centers, complementing the country’s transition from a developing economy to a thriving consumer society with a growing middle class.
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March 30, 2015