fr.ziSemodu AG and subsidiaries Semodu Investments and Yanita Investments have signed a Memorandum of Understanding (MoU) with the Cabinet des Grands Projects de Côte d’Ivoire kickstarting an ambitious initiative to promote sustainable urbanization and economic development.
The Cabinet des Grands Projects represented President-Director Diakaridja Diarra endorsed the partnership to further the country’s transition to a sustainable economy with access to green energy, and in support of a wider ambition to build resilient infrastructure and develop sustainable communities in accordance with the United Nations Sustainable Development Goals.
Bouaké, Côte d’Ivoire’s second biggeset city, will be the centre of the development effort, with the parties planning to build over 200,000 modular homes and Semodu Group assuming a leading role in construction as well as consultancy to ensure successful planning, implementation and sustainability of all development.
“Through our close collaboration with the Cabinet des Grands Projects and other local stakeholders, we aim to develop solutions to the challenges of rapid urban growth and take a significant step towards meeting the urgent need for affordable housing in Bouaké,” explains Frank Talmon l’Armée, CEO of Semodu AG.
This partnership illustrates our commitment to social responsibility and environmental sustainability. It is an honor to work with such a broad range of stakeholders and shape the future of urban development in Côte d’Ivoire
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In addition, the planned construction of a factory for the production of modular components in Côte d’Ivoire underlines the Semodu Group’s long-term commitment to promoting the local economy and creating new jobs. The aproject will involve local workers and companies in project implementation, also building local capacity and promoting sustainable development.
Talmon l’Armée comments: “This partnership illustrates our commitment to social responsibility and environmental sustainability. It is an honor to work with such a broad range of stakeholders and shape the future of urban development in Côte d’Ivoire,”
“The collaboration with the SEMODU Group marks a significant milestone in our efforts to achieve the urbanization and development goals of Côte d’Ivoire. We are confident that this partnership will not only improve the quality of life in Bouaké, but can also serve as a model for sustainable urban development throughout Africa,” adds Diarra.
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