Somaliland: Chinese Investors sign a Major Industrialization Deal with the Government.. Somaliland Minister of Industries Hon Abiib Diriye Nur Timacade flanked by top officials from the ministry and the representative of Chinese syndicate the Afro China Commerce Industry Group today at the ministry headquarters signed a broad based agreement which will facilitate the investments by Chinese businesses by establishing foreign industries in Somaliland. The signing of today’s joint agreement which will pave way for the construction and establishment of 20 factories in Somaliland and which will be funded by the Afro China Commerce Industry Group in the near future . The Chinese industrialists have spent past week in the country on a familiarization tour and exploring the country unexplored business opportunities and by visiting the various regions of the country said they were satisfied by both the people and the business environment which is vital for investment. Mr. David Chin head of Afro China Commerce Industry Group said the consortium controls large, medium, and small in all branches of industry, commerce and the service sector and that they are planning to initiate a partnership in which will hence play a significant role for the commercial development of the country.
Posted on: Sat, 23 Nov 2013 06:24:20 +0000
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