Doing Business in Guinea:

1

• Doing Business in Guinea
• High Risk, Enormous Potential
• U.S. Embassy Conakry

2
Market Overview

• Facts Figures
• 2008 GDP 5.9 billion
• Real GDP Growth Rate of 2.9
• Per Capita GDP 445
• Inflation 18.5
• Over 1/3 of the worlds bauxite reserves

• Origins of GDP
• Primary Sector 21.7
• Agriculture, Fishing, Forestry
• Secondary Sector 34.7
• Mining, Manufacturing, Water/Electricity, Public
  Works
• Tertiary Sector 48.8
• Commerce, Transport, Administration, Import Taxes

3
Other
Other Consumer Goods
Capital Goods
Petroleum Products
Intermediate Goods

• Total Exports
• 970.9 million in 2006 and 1.26 million in 2008
  (23.8)
• Total Imports
• 952.4 million in 2006 and 1.457 million in 2008
  (53.0)

4
Market Overview

• The Political Scene
• Unstable Political Environment
• Ruled by a Military Junta as of December 23, 2008
• Call for Elections in 2009
• No Rule of Law
• Uncertain Reception of Foreign Companies

5
Market Challenges

• Endemic Corruption
• Inadequate Infrastructure
• Lack of Skilled Workers
• Political Uncertainty/Instability
• Rampant Poverty
• Lack of Rule of Law
• Limited judicial recourse

6
Market Opportunities

• Preference for U.S. Products
• Potential High Growth Sectors
• Mining (bauxite, gold, and iron)
• Fishing
• Construction
• Agriculture
• Telecommunications

7
Market Opportunities

• Big Investment
• Guinea Alumina Corporation planning 2 billion
  alumina refinery
• Alcoa and Rio Tinto planning a 1.5 billion
  alumina refinery
• Rio Tinto started a multi-billion iron ore mining
  project

8
Market Entry Strategy

• Monitor the political situation
• Spend some time in country (Gold Key Program)
• Establish strong local relationships/partners
• Relatively straightforward process

9
Thank You