Feasibility Study of a Mixed-Use Development Project

Country
  • Benin
Duration of assignment

3 months

Year: 2023 - 2024

Client
  • Islamic Development Bank
Description of project

The primary focus of this study is to assess the viability and cost-effectiveness of potential investments on a plot of land provided by the Government of Benin to the ISFD.

The project is of substantial importance, considering its potential impact on the economic and infrastructural development of the region. The allocated plot in Cotonou represents a strategic opportunity for investment, which could significantly contribute to the local economy and serve as a model for similar initiatives in other parts of the country or even the region.

The feasibility study is expected to encompass a broad spectrum of analyses, including market research, economic and financial projections, and regulatory considerations.

This project seeks to identify and leverage potential investments in a manner that aligns with the ISFD's mission of alleviating poverty and fostering economic development through strategic and well-considered investments.

The outcomes of this feasibility study will play a pivotal role in determining the future economic landscape of Cotonou and potentially set a precedent for similar developmental projects in the region.

Services provided

The consultant will evaluate various investment scenarios and propose concept designs for three potential projects that can be developed on the site. These proposals are required to be grounded in thorough market research and financial analysis, ensuring that the chosen investment is not only viable but also aligns with the overarching goals of the ISFD in promoting sustainable and equitable economic growth.

The scope of work for the feasibility study covers various areas, including but not limited to:

The economy (GDP, inflation, exchange rates, major economic activities, etc.)
The WAQF sector (historical background, current status, regulations)
The real estate market (demand-supply analysis, market trends, property prices, etc.)
Marketing strategy (competition, pricing, market share)
Project details (objective, scope, location, amenities)
Building materials and labor supply (availability, costs)
Project components (concept designs, cost estimates, structure features)
Project management and supervision (contractor requirements, professional services)
Project cost and financing plan (cost breakdown, implementation schedule, procurement procedures)
Operations (business plan for the project, operator selection)
Justification (social, market, financial justifications, sensitivity analysis)
Risk analysis (potential risks and mitigation strategies

PROFESSIONAL STAFF INVOLVED

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