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African countries seek investment, business in central China |
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14:44, July 05, 2007 |
Industry and commerce delegates from 21 African countries have forged cooperation agreements with Chinese enterprises in construction, mine development and other sectors during a promotion fair in central China.
The delegates, including 49 high-ranking trade officials and business people, brought more than 100 investment projects in infrastructure, mine development, machinery and agriculture to the three-day fair in Wuhan, capital of Hubei Province in central China.
The fair attracted around 500 Chinese companies.
Algeria, in north Africa, planned to seek investment partners in a number of government projects in housing, expressways, railways and dams. The projects involved a total investment of 100 billion U.S. dollars.
The industry and commerce chambers of seven African countries also signed a two-year cooperation agreement on Wednesday with the Wuhan Branch of the China Council for the Promotion of International Trade to enhance exchanges between African and Chinese enterprises.
Mohamed El Mamy, secretary-general of the Mauritania Chamber of Commerce and Industry, said, "The exchange projects between us and Chinese trade officials will build a bridge for the communications of enterprises of the two sides."
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