Liberian House of Representatives unanimously approved the investment incentive agreement reached between the Liberian government and Star Cement Co., and submitted it to the Senate for consideration.
After negotiation between the relevant departments of the Libyan government and the investor, Start Cement Company plans to invest 41 million US dollars to build a new cement plant with an annual output of 600000 tons. The products are mainly sold in Libya and other countries of the Mano River Union (Guinea, Sierra Leone, Cote d'Ivoire). It is estimated that 500 jobs will be created for the local people during the construction period. About 100 jobs will be needed when it is put into production, and the company has promised to provide $20000 in scholarships. The report did not mention other details of the investment incentive agreement.
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