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At 10 a.m. Beijing time on November 11, Ke Xiangjin, Chairman of Hunan Jin'ang Overseas Investment Co., Ltd. ('Jin'ang Overseas Investment'), met with Mr. João Xirinda, Counsellor of the Mozambican Embassy in China, at the diplomatic personnel office building in Tayuan, Chaoyang District, Beijing. The two sides held a long and friendly discussion. This meeting is not only a testament to the friendship between the two countries, but also an important step in Jin'ang Overseas Investment's investment strategy in Africa.
As early as 2019, Jin'ang Overseas Investment focused its investment sights on Africa. Our chairman personally traveled to many places in Africa to conduct market research and learn about African local customs and culture, visiting Mozambique, Tanzania, Zambia, Zimbabwe, the Congo, Angola, Kenya, Madagascar and other countries.
While visiting Africa, Jin'ang Overseas Investment had already begun its layout there, engaging in mineral and energy investment, development, construction and operation, and mineral sales, and in practice integrating downstream orders to carry out trade services.
During the talks, our chairman introduced to Mr. João Xirinda, Counsellor of the Mozambican Embassy in China, in detail Jin'ang Overseas Investment's development status, corporate strategy, corporate mission, corporate vision, future investment plans and other aspects.
Development status: Jin'ang Overseas Investment currently invests in multiple African countries, including Mozambique, Tanzania, Zimbabwe and Madagascar.
Corporate strategy: Jin'ang Overseas Investment will build a supply chain platform plus a mine development, construction and operation platform, concentrating downstream customer orders and providing one-stop supporting services for small and medium-sized mining companies and mine owners operating in Africa, forming a full-industrial-chain service platform.
Corporate mission: to use development in the mineral and energy field to drive diversified China-Africa industrial and economic cooperation.
Corporate vision: to build a China-Africa mineral and energy full-industrial-chain service platform and become a world-class mining enterprise with global influence.
Investment plan: Jin'ang Overseas Investment has a broad investment layout in Africa; what we focus on is not only resource development, but also industrial upgrading and regional economic development. In Mozambique, we plan to invest USD 500 million to build the Jin'ang China-Mozambique Industrial Demonstration Park in four phases, which will be one of our largest investment projects in Africa.
Located in Zambezia Province, Mozambique, the China-Mozambique Industrial Demonstration Park covers 172 square kilometers and includes eight major segments: a mineral beneficiation and smelting center, a trading center, an inspection and testing center, a warehousing and logistics center, an equipment manufacturing center, an exhibition center, a mine visualization and smart management center, and a living service area.
The China-Mozambique Industrial Demonstration Park is expected to be completed within the next 5 to 8 years. The park marks a deeper level of economic and trade cooperation between China and African countries, and will not only boost Mozambique's local economic development but also become a new highlight for attracting tourists.
The China-Mozambique Cooperation Demonstration Zone is not only an economic investment project, but also an important milestone in China-Africa cooperation. Its construction will create more than 10,000 jobs in Mozambique and have a profound impact on local economic development, infrastructure and social responsibility.
Guo Ning, Deputy Director-General of the Hunan Provincial Department of Commerce, once said that this project will promote in-depth China-Africa cooperation and provide new opportunities for investors.
Here, countries around the world can not only witness the vigorous development of the local economy, but also take part in it and jointly witness the rise of Africa.
During the talks, our chairman put forward three important requests to Mr. João Xirinda, Counsellor of the Mozambican Embassy in China, aimed at ensuring the smooth progress and successful implementation of the project:
National key project: we hope the Mozambican government will regard the Jin'ang China-Mozambique Industrial Demonstration Park project as a national key project and give it the greatest degree of support and attention.
Preferential policies: we look forward to the Mozambican government providing preferential tax policies and legal protection, offering safeguards for the smooth progress of the project.
Park security: we stress that the security of the park is crucial — it concerns not only the safety of Chinese employees, but also Mozambique's social stability and economic development.
Mr. João Xirinda, Counsellor of the Mozambican Embassy in China, expressed great interest in and support for Jin'ang Overseas Investment's investment plan. He believes that the large-scale industrial park project invested in by Jin'ang Overseas Investment in Mozambique is the largest Chinese private investment Mozambique has attracted in recent years, and that its implementation will attract more Chinese private enterprises to Mozambique for investment and inspection — something Mozambique eagerly looks forward to, as its economic development and construction need the support of large enterprises of this kind. Jin'ang Overseas Investment's investment will bring technological innovation, economic growth and job opportunities to Mozambique and is an important driver of the country's economic development.
The Counsellor promised to report the content of this meeting to senior officials in Mozambique and to give Jin'ang Overseas Investment more support in subsequent communications, helping to resolve all problems and difficulties encountered in investing in Mozambique.
This meeting is not only a new starting point for cooperation between Jin'ang Overseas Investment and Mozambique, but also a new chapter of our common development and shared prosperity. We look forward to further cooperation with the Mozambican government to jointly advance the construction of the Jin'ang China-Mozambique Industrial Demonstration Park and contribute to the economic prosperity and well-being of the people of both countries.
Thank you for your attention and support. We will continue to bring you the latest news from Jin'ang Overseas Investment. Stay tuned!
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