Investors Pledge $48 Million Worth Of Projects

This article was last updated on May 26, 2022

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The state minister for Finance Trade Economic and Industry, Lilian Valentino Rizik said the priority sectors discussed during the bilateral meeting for potential investment include agriculture and forestry, housing and water, energy, physical infrastructure.

“An estimated of $48 million in total investment was committed by the investors as a result of the forum,” said Lilian.

Lilian said for agriculture and forestry sectors, a commitment of up to $10 million for the creation of man-made forest to develop a market for quality wood for finished furniture products and fruit orchard to produce processed fruits for local and international market.

The minister said it will create 400 direct jobs in the first five years with more jobs created for growers who will be provide with a ready market.

For the physical infrastructure sector, the government has entered into a commitment valued at about $ 30 million with investors who are interested in construction of housing in Wau for renting and selling. 

“The housing will be solar powered to create self-contained powered communities,” said the minister.

She also said the state government has also entered into a commitment with an investor who is fascinated in constructing fuel distribution stations complete with supermarkets and service stations along the highway to neighbouring states for a total investment of up to $225,000.

Lillian said to perk up the environment for doing business in the state; the state government has committed to construct 30 kilometres of paved roads in Wau city.

The state government is also dedicated to supply street light for all markets in Wau town and later Jur River and Raga County through investment of about $6.4 million.

She disclosed that the state government will work closely with the newly establish business registry office in Wau to facilitate business registration for all local and international investors.

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