Equatorial Guinea rehabilitates Oyala factory
Government approves first phase to restart precast concrete production for 60 new buildings.
The government of Equatorial Guinea approved the first phase of rehabilitating the Oyala precast factory on Monday, November 9. Vice President Nguema Obiang Mangue led the meeting in Malabo, attended by the prime minister and ministers of Public Works, Finance, Treasury, Electricity, and Mines. The supervising company TEAM presented a report on bids and necessary interventions to restore the factory's operational capacity.
Vice President Nguema Obiang Mangue authorized repairs to the concrete prefabrication facilities, areas for block, tile, and baluster manufacturing, as well as the crusher and quarry. The project includes a laboratory to test material quality before use in construction. The government aims to boost national construction material production, cut transport costs, and ensure supply for projects in the new administrative capital.
For the second phase, focused on factory management, Nguema Obiang Mangue tasked the prime minister and relevant ministries to renegotiate economic terms with the GICI group for a more favorable state agreement. Once negotiations conclude and contracts are formalized, the government plans to begin constructing the first 60 buildings in the City of Peace starting in 2027.
Why it mattersThe rehabilitation of the Oyala precast factory will enable the construction of 60 new buildings in the City of Peace starting in 2027.