Chinese delegation seeking opportunities in PE

Posted On Thursday, 01 March 2012 02:00 Published by
Rate this item
(0 votes)
The City hosted a high-powered Chinese business delegation which is exploring several investment opportunities in the region

The Executive Mayor, Zanoxolo Wayile, hosted a luncheon on Tuesday, 21 February to welcome a high-powered Chinese business delegation on its visit to the Nelson Mandela Bay.

The delegation visited the Coega Development Zone to explore possible investment opportunities.

The Chinese delegation is on a fact-finding mission for purposes of establishing a mega-investment project in one of the Special Economic Zones in the country. The investment, should it materialize, will be of an unprecedented scale with the potential to create a huge number of jobs.

Addressing the business delegation, Mayor Wayile applauded China’s commitment to the development of South Africa and pointed out that Nelson Mandela Bay was "open for business".

"We strongly believe that Nelson Mandela Bay Municipality has the capacity to meet the demands and requirements of the business delegation. We are confident in every respect that your visit will yield mutually beneficial and positive outcomes that will create a business and investment environment that will set the standard and benchmark for others to follow", he said.

The head of the Chinese delegation, Dr Gang Zho said the delegation was impressed by what they have seen at Coega.

"A lot of influential business people wanted to be part of this delegation, we will definitely share this experience with our counterparts with the view to bringing further investment to Nelson Mandela Bay. We look forward to forming business ties in areas such infrastructure development, information technology and renewable energy,” he said.

Publisher: SACN

Most Popular

Three stocks to boost your portfolio in 2020

Jan 22, 2020
Dr Adrian Saville CEO Cannon Asset Managers
After enduring a trying decade under the mismanagement and malfeasance of Jacob Zuma,…

Africrest Properties completes mixed-use development, Stanley Studios in Johannesburg

Jan 21, 2020
39 Stanley Avenue
What could be better than living in an extremely well-priced apartment or working in…

New hotspots driving cost hikes in key data centre markets - thriving market in South Africa

Jan 21, 2020
Dan Ayley Turner and Townsend
Major global data centre markets are seeing soaring construction costs as development in…

Equites Property Fund Limited to develop a R1.3 bn warehouse for Pepkor

Jan 21, 2020
Andrea Taverna Turisan  CEO Equites Property Fund
Equites Property Fund Limited (Equites) today announced an agreement with leading…

2020 Commercial Property Themes –Electricity supply and cost will be a key wildcard for the Commercial Property Sector this year

Jan 23, 2020
John LoosFNB
Will electricity supply reliability and cost increases become a key issue again in 2020?

Please publish modules in offcanvas position.