21 Noverber 2013 (GNA)-Somaliland Minister of Industries Hon Abiib Diriye Nur Timacade skirted by top officials from the ministry and the representative of Chinese syndicate the Afro China Commerce Industry Group today at the ministry headquarters and signed a broad based agreement which will empower the investments by Chinese businesses by establishing foreign industries in Somaliland.
The ratification’s of today’s joint agreement which will concealment way for the construction and establishment of 20 factories in Somaliland and which will be funded by the Afro China Commerce Industry Group in the near future, Acording the Both Sides.
The Chinese industrialists have spent past week in the country on a familiarization tour and exploring the country unexplored business opportunities and by visiting the various regions of the country said they were satisfied by both the people and the business environment which is vital for investment.
Mr. David Chin head of Afro China Commerce Industry Group said the conglomerate controls huge, medium, and small in all branches of industry, commerce and the service sector and that they are planning to recruit a partnership in which will hence play a significant role for the commercial development of the country.
This is First Agreements Between Somaliland authorities and Chines Comercial Foctary, all Thougth the Maney of SL Business Company Bring Huge Materials from Chine to here.
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