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News Zambia and China speed up industrial zone investment deal

Zambia and China speed up industrial zone investment deal

Written by Global Cement staff 02 April 2015
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Zambia/China: Chinese firms have made a commitment to accelerate investment in Zambia under agreements valued at a combined US$800m. The deal was signed by the Zambia-China Economic and Trade Cooperation Zone and 11 companies in Beijing. One of the 11 Chinese firms is West China Cement Ltd, which will set up a cement plant in the zone.

"Zambia hopes to attract more Chinese investors and tourists to improve economic development," said Zambian president Edgar Lungu, adding that his government will provide 'strong support' to Chinese companies. Zan Baosen, general manager of the zone, said that Zambia offers many incentives to Chinese companies. "We are eager to cooperate with Chinese entrepreneurs to explore the market potential in Zambia," he said.

Last modified on 08 April 2015
Published in Global Cement News
Tagged under
  • West China Cement
  • China
  • Zambia
  • GCW195

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