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Prez. Sirleaf welcomes US$ 695m South Korean investment

By mylbsonline staff
President  ellen Johnson-Sirleaf
President ellen Johnson-Sirleaf

(mylbsonline/Liberia)- Liberian President, Ellen Johnson-Sirleaf, has expressed interest in seeing practical things happening with investment in Liberia.

President Johnson-Sirleaf said: “I am not too interested in what may happen later. Sometimes there is so much talk about what you will do for the country, and sometimes nothing happens.”

The Liberian Leader made the statement Thursday, June 13, 2013 at her Foreign Ministry office in Monrovia when a South Korean-based investment company, the “Make Group” delegation paid  her a courtesy call.

She emphasized: “If there is an agreement between the Government and the company through the National Investment Commission (NIC), the manufacturing component of the Millennium Complex Project should consider and prioritize the use of Liberian raw materials in the production process.”

“The quicker the move to execute their plans upon reaching an agreement, the faster the growth of confidence from the Government and the Liberian people,” the Liberian President advised the Make Group delegation.

Also speaking at the meeting, Vice President, Joseph Boakai, thanked the Make Group for selecting Liberia for its investment project, saying: “It will help strengthen the economy and create jobs for hundreds of Liberians.”

Vice President Boakai encouraged the Group to pay attention to the transport sector, especially for providing buses to help address the country’s transport constraints.

“Follow the laws and procedures to reach an agreement with the National Investment Commission, government will support your endeavor,” the Vice President assured the delegation.

Earlier briefing President Johnson-Sirleaf on their visit, the South Korean-based investment company pledged to invest US$695 million into the Liberian economy.

The head of the company’s delegation, James Juhee Han, told the Liberian Leader that the Make Group Investment Company is specialized in “Africa’s development.”

“The company seeks to invest in the construction and development of a Millennium Village Complex on some 325 acres of land in Liberia,” Mr Han also noted.

Mr. Han also added: “Discussions and negotiations with the National Investment Commission were far advanced and nearing conclusion stage.”

When completed, he told the Liberian leader: “The Millennium Village will comprise an Industrial Complex for the manufacturing of cars, power generators, mobile phones and other electronic devices.”

“The Millennium Village will also comprise a Commercial Complex to contain Africa’s biggest shopping hall and a product manufacturing component.”

“The village will also contain a Residential and Educational Complex to contain schools, hospitals and halls for major events, and a Resort and Leisure Complex, with modern hotels and other recreational facilities,” the Make Group delegation head added.

“Following the conclusion of the negotiation and the signing of the agreement, the construction of the Millennium Complex will soon begin,” the Make Group Chairman assured President Johnson-Sirleaf”.

Mr. Han added: “If this does not happen, consider it a default on our part and cancel the agreement.” 

“When completed, the project will provide over 32,000 jobs and provide training opportunities for over 4,200 Liberians.”

Members of the high-power South Korean-based Make Group delegation included the company’s Chairman and Proprietor, James Juhee Han,  Jungsuk Ryou, President,

Michael Youngdae Jeon, Vice President, and Sukjoo Kim, Representative Director Siheung Industrial Development Agency, Others are Kyonga Ahn, General Manager, Sangjun Park, Media Consultant, and George Dweh, Make Group Representative in Liberia.




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