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of Transformation (PAT)\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
![\"1280px-Boulevard_de_l'ind\u00e9pendance_Libreville_\"](\"https:\/\/gabon.yearbook-media.com\/wp-content\/uploads\/elementor\/thumbs\/1280px-Boulevard_de_lindependance_Libreville_-revtw1z4gk1d1300w9egv18unchndjwmujt32707gi.jpg\" "\\"1280px-Boulevard_of_Independence_Libreville_\\"")
\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\tWith the PAT launched in January 2021, Gabon has set itself a clear and ambitious objective: to move away from oil dependence and transform the country's economic model to promote local transformation and enable the creation of local wealth, as well as the creation of sustainable jobs.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t \t\t This three-year plan will accelerate the Gabonese economy's transition to a post-oil economy by identifying new growth drivers and rethinking the social model. Thus, the PAT is based on three pillars: economic, social, and cross-cutting. The initial budget of 3 trillion CFA francs earmarked for the implementation of the projects included in the PAT could be increased. <\/p>\n The provisional budget adopted for the Transformation Acceleration Plan is partially financed by the Gabonese State on the basis of its own resources, as well as by external resources, public-private partnerships and the private sector. <\/p>\n The Gabonese government has identified 20 priority projects for 2023, as part of accelerating investments in the energy and water sectors, structuring investments in digital infrastructure, reviving real estate projects, monitoring the priority road program, and digitizing the Gabonese administration. The timber, mining, and agriculture sectors are receiving particular attention. The PAT's ambition is to organize and support this transformation movement more dynamically by attracting foreign direct investment and domestic direct investment in these sectors with high growth potential, like the timber industry, which has been booming since 2009 and the ban on log exports.<\/p>\n Taking stock of the PAT at its mid-term, the energy sector alone will cost 122 billion FCFA, combined between the Piaepal (Integrated Program for Drinking Water Supply and Sanitation of Libreville), the Project for Access to Basic Services in Rural Areas (Pasbmir) and priority projects; Added to this is approximately 400 billion FCFA for all projects carried out by the Gabonese Strategic Investment Fund (FGIS). Adding the 200 billion FCFA from the Gabonese Energy and Water Company (SEEG), and the 300 billion from the Renewable Energy Development Company (Coder) and CGGC (China Gezhouba Group Corporation), we arrive at more than 1,000 billion FCFA. This overall assessment could exceed the 2023 milestone.<\/p>\n <\/p>\n <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t \t\t As progress in the energy sector, we note the signing of the concession contract between SEEG and the Gabonese State with the aim of liberalizing the water and electricity sector in Gabon, as well as the construction of 8 hybrid power plants (solar-thermal) on SEEG sites.<\/span><\/p>\n Regarding housing, a 2,100-hectare land reserve has been established within the country for land production. Several other projects have been implemented to regulate urbanization and housing in Gabon.\u00a0<\/p>\n Financing for two major infrastructure projects has been completed: the Libreville bypass to Owendo to relieve congestion in the capital and the construction of a new railway line between Owendo and Boou\u00e9, linked to major iron ore mining projects in the Ogoou\u00e9-Ivindo province.<\/p>\n On May 10, 2022, the government registered a new company in Mauritius, via Rise Gabon, through a financial consortium that brings together the Islamic Development Bank (IDB) and the Gabonese Strategic Investment Fund (FGIS). Inpax Africa is expected to welcome foreign institutional investors interested in these two projects as part of a public-private partnership by 2023.<\/p>\n <\/p>\n <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t