In fulfillment of the Unity Party-led Government’s ARREST Agenda, Hidier Group International Holdings Limited has earmarked a US$500 million substantial investment portfolio for the Monrovia Industrial Economic Park in Monrovia.
Hidier Group International Holdings Limited’s president, Zhang Hui (Hardy) and team have expressed keen interest in the development of the Monrovia Industrial Park (MIP), a vital component of Liberia’s economic growth strategy.
Hardy, who met with the Senate Pro Tempore, Nyonblee Karnga-Lawrence, over the weekend, shared that his group has earmarked a substantial investment portfolio of US$500 million for the MIP project over the next decade.
With a successful track record of operating industrial parks in Nigeria, hosting numerous foreign companies and providing hundreds of jobs for locals, this group’s expertise and commitment are commendable.
During the discussion, Pro Tempore Karnga-Lawrence directed the team to engage with the National Investment Commission (NIC), the appropriate government entity for such endeavors.
She said it is crucial that all foreign direct investment interests are channeled through the National Investment Commission to ensure proper vetting and alignment with national development goals.
Pro-temp Karnga-Lawrence emphasized that what was particularly intriguing about the Hidier Group International Holdings Limited’s plan for the MIP is the innovative approach to providing electricity.
She disclosed that, similar to their operations in Nigeria, the company plans to build a power plant that will supply electricity to all companies within the industrial park, as well as other high-power users within a 10KM radius.
This initiative will significantly reduce reliance on diesel and other costly sources, promoting sustainability and cost-effectiveness.
She then expressed her excitement over the potential this partnership holds for Liberia’s economic prosperity, looking forward to seeing the Monrovia Industrial Park flourish under their leadership.
