ST. PETERSBURG (Sputnik) — President of Guinea Alpha Conde said Thursday that his country has potential to become a "world's factory" instead of China.
"Since we have technology and enterprises we could become a 'world factory' instead of China and supply Europe with value-added products," Conde said at the opening ceremony of the St. Petersburg International Economic Forum.
Guinea is an African country with population of 11 million which exports gold, diamonds, coffee, fruits and vegetables,
According to the organizing committee, the number of contracts at SPIEF is expected to be not less than in 2015 when the total volume of agreements reached 293 billion rubles ($4.4 billion). Russian presidential aide Yury Ushakov said on Tuesday that the number of SPIEF participants would exceed 10,000 this year, compared to 7,500 in 2015.