Chinese firm to invest US$ 6bn in construction of new Industrial Park in Zimbabwe

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A Chinese multi-billion company is set to invest US$ 6bn in the construction of an Industrial Park in Zimbabwe that is expected to highly enhance and boost the country’s economy.

The Chinese company- Qingdao Hengshun Zhongsheng Group is the firm that is on the verge of investing the wholesome amount on the project.

The company’s president, Mr. Jia Xiaoyu confirmed the news and said that they were looking forward to a very successful partnership with Zimbabwe.

Also read: KenGen to set up an industrial park at Olkaria-Kenya for willing investors

“Yes, Zimbabwe is our next vital target for implementing the project and we hope that we can launch the construction the park early next year based on our economic and political exchanges.

Construction of the magnificent investment development is projected to commence in the beginning of 2017 if everything goes according to plan and it will be important for the park in therms of being well-linked to both the eternal and external markets.

Reports indicate that the mega project will sit on 20,000 ha of space and will boost the economy by increasing the export earnings and creating much needed job opportunities especially for the youth and the locals.

Mr. Jia also pointed out that one of the most encouraging things about the project’s success is the peaceful environment.

“We think that the political or development environment is vital to us since we want to preserve the available talent and professionals in the country,” Mr. Jia commented.

Qingdao Hengshun Zhongsheng will not only benefit Zimbabwe with the new Industrial park but will also construct an electricity generating plant that will assist in the power generation in the industrial zone and its surrounding.

The industrial zone will also entail a non-ferrous metallurgy processing plant and will provide mining equipment; there will also be processing of agricultural equipment and supply of agricultural related products.

Zimbabwe offers many opportunities in major areas like mining, tourism and agriculture hence inviting investors like the Chinese companies.