Business

Chinese Conglomerate To Invest In Bulawayo

…. 10 000 Jobs In The Pipeline

A CHINESE conglomerate, Huajian Group of Companies, is expected to begin the construction of a multi-million dollar industrial park in Bulawayo in a project which will employ more than 10 000 people directly while another 100 000 will benefit indirectly downstream, a senior official confirmed yesterday.

It has been reported that the Huajian Group of Companies, led by its board chairperson Mr Zhang Huarong recently signed a Memorandum of Understanding with the Government of Zimbabwe to co-operate in the development of Special Economic Zones.

Bulawayo Town Clerk Mr Christopher Dube confirmed the developments as it is the beginning of a long lasting relationship reviving the city’s industrial sector.

“In terms of employment they have projected that they will employ 10 000 people but considering the other downstream benefits our calculations are that people who will benefit are in excess of 100 000. With such figures it is clear that this spells great things for the city hence we are excited. We thank the efforts of President Mnangagwa in calling for more Foreign Direct Investment,” said Mr Dube.

“The meeting was more of an introductory one where they presented the scope of the project which they want to start in the city. The way they were conversing, I am confident that they will soon be back and the project will start immediately. They indicated that when they start construction, work would have been completed in six months and production will start”.

Bulawayo City Council public relations officer, Miss Bongiwe Ngwenya, said the delegation met with council management where various initiatives were discussed that would see the group of companies coming to invest in the city.

“The delegation comprised of Mr Zhang Huarong, the board chairman of Huajian Industrial Holdings Company Limited who was leading a 19-member delegation. The team was interested in setting up an Industrial Park with specific interest in leather and clothing for local and export markets,” said Miss Ngwenya.

 

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