Guinea : $200 billion “Simandou 2040” investment plan adopted to transform the economy by 2040

Guinea has adopted the Simandou 2040 strategic development plan, a $200 billion investment program aimed at transforming the national economy by 2040, according to the Presidency of the Republic of Guinea and the National Transitional Council of Guinea. The roadmap includes 122 mega-projects and 36 major reforms, with the Simandou iron ore deposit at its core, one of the world’s largest mining projects. Authorities aim to raise GDP to about $152 billion by 2040, from roughly $35 billion today, supported by projected annual growth above 10%.