FDI Government Industry Infrastructure Zambia

Zambia: U.S $1 Billion Chinese Investment Set

Approximate reading time: 2 minutes

A TWENTY-MAN top Chinese investor delegation has arrived in the country ahead of today’s launch of the US$1 billion ‘One Belt and One Road’ Industrial Park at Lusaka’s Mulungushi International Conference Centre.

The Chinese business exploratory team, comprising top business executives touched down at Kenneth Kaunda International Airport at exactly 12:00 hours aboard a chartered Kenya Airways plane for a four-day working visit.

Delegation leader Liu Dao-gang who was received by Commerce Minister Margaret Mwanakatwe and her Lands counterpart Christabel Ngimbu, said he was excited to be in Zambia to launch one of China’s greatest investments.

“We are happy because we will see a vast investment in a number of sectors that include bicycle manufacturing, civil engineering, battery manufacturing, cement and a lot more,” he said through an interpreter.

In welcoming the delegation, Ms Mwanakatwe said Zambia had an opportunity to grow the economy even further through such sound and massive investments.

She said the coming of the Chinese to Zambia was testimony of how favourable Zambia was for investment and that the country would yield massive benefits in the years to come.

“You are welcome to Zambia and please know that your coming with a $1 billion worth investment will create more opportunities and jobs for many Zambians,” she said.

The park will jointly be launched with an initial $300 million by the Tianjin One Belt and One Road International Physical Distribution Group and the Zhogrum Investment Development Group Corporation Zambia Limited.

Source: AllAfrica


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