Qatar Commits $21 Billion Investment in Congo

Qatar’s Al-Mansour Holding has pledged to invest $21 billion in the Democratic Republic of Congo, the government announced on Sept. 3.
The group’s founder, Sheikh Mansour Ben Jabor Ben Jassim Al Thani — a member of Qatar’s royal family — visited Kinshasa as part of a broader African tour.

“The DRC is a land of opportunities. We intend to seize them for the benefit of Qatar and the Congolese people,” said Reda Jaber, Sheikh Mansour’s representative, quoted by Radio Okapi.
During a meeting with Prime Minister Judith Suminwa, the Qatari delegation presented a letter of intent outlining the investment plan, valued at nearly $21 billion (€18 billion), according to the Prime Minister’s office.

The partnership involves Al-Mansour Holding, the State of Qatar, and the Congolese government, and will target multiple sectors including agriculture, finance, mining, pharmaceuticals, and hydrocarbons.
“Government gives particular importance to strong, lasting partnerships with the private sector, built on transparency, mutual respect, and shared benefit,” Primer Minister Judith Suminwa said.
Sources: Congolese Primature, AFP, Le Monde, Radio Okapi