H. E. Nguema Obiang Mangue, is continuing to study ways to make the Ports of Equatorial Guinea profitable, and this Thursday he once again summoned the heads of the departments of Transport, the Postal Service and Telecommunications, Treasury, Gepetrol and the State lawyers to the People’s Palace in Malabo.

The purpose of the meeting was to analyse the bids submitted by the firms Abu Dhabi Ports of Saudi Arabia and Albayrak of Turkey, who are bidding for the port management tender.

After a thorough study of the bids submitted by these companies, the Malabo Executive agreed that the investment plan, experimental area and design criteria should be analysed in depth.

During the same meeting, the Vice-President of the Republic was informed of the existence of an American company with headquarters in Washington that wants to bid for the management contract; to which Nguema Obiang Mangue pointed out that the Government is open to proposals, and the company that meets the expectations of Equatorial Guinea in maximising the economic benefits generated by our port assets will be chosen.

Malabo has adopted this stance, noting that the current operation of the ports does not produce sufficient economic benefits taking into account the heavy investment that the Government has made on these infrastructures, which has led to millions in losses for the Equatoguinean State, which is why Nguema Obiang, at the meeting, appealed for transparency and insisted to the commissioners that the company chosen for this management should set up economic zones in the port, hire national labour and promote the flow of shipping companies in our ports.

Source: Official Web Page of the Government