Equatorial Guinea: Big role for China in new industry schemes
Issue 300
- 15 May 2015
| 2 minute read
The Ministry of Mines, Industry and Energy has signed six memoranda of understanding (MoUs) with Chinese companies on industrial and energy projects as part of government plans to diversify the economy and reduce dependence on oil. The agreements were signed on April 30 at an economic forum in Dalian, following a state visit to Beijing by President Teodoro Obiang Nguema Mbasogo. China Dalian International Co-operation Group (CDIG) signed an agreement to carry out studies for the development of the Industrial City of Mbini. CDIG will undertake preliminary technical studies and will promote the Industrial City of Mbini to international investors.
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