Thursday, July 18, 2013

China lays out US$ 1 billion investment in Nigeria


China lays out US$ 1 billion investment in Nigeria
The China Civil Engineering Construction Corp (CCECC) has announced plans for Nigeria that involve building a cement factory, modernizing the Tin Can Port, launching a sawmill factory, and developing various other projects which are estimated to cost US$ 1 billion. The Chinese firm wishes to elevate its presence in the African country from being a construction company to being an investor. CCECC President Yuan Li said commercial production of its cement factory for the Nigerian market will start soon.
China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?


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