Chinese investors have shown interest in the country’s housing, mining, infrastructure modernisation as well as industrial, priority areas that are expected to drive economic growth.
The investments as Xu Xianping, director general, department of commerce, Hunan province says will help the country to leapfrog to middle income, create local revenue base, and create employment.
‘’We want to invest in Rwanda in order to contribute to the development of Rwanda. China can supply what is needed in these sectors and china has surplus in construction sector, ’’ Xiangping said on Thursday.
He adds, “China can make Rwanda model in Africa, we have ideas, money and we want to discuss with the govt on how we can implement these activities.”
The investment in the housing sector will focus on affordable housing and industrial parks in the proposed secondary cities, modern infrastructure mainly in flyover roads and the dry ports.
‘’If we start working together we can achieve more and we can sign a partnership agreement in a couple of few weeks,” said Francois Kanimba Minister of trade and industry.
The Minister added, “Let us discuss industrial parks and see how we can connect them to the department of commerce of Yunan province.”
The delegation visit which will spend three days comes at the time government strengthened its bilateral trade relations with China in 2014 that resulted into opening China’s market to Rwandan exports.
According to Statistics from National Institute of statistics of Rwanda, China remained the first trading partner in imports for Rwanda in 2015 and also holds several big construction contracts.
The two governments agreed to set up a joint team of experts that will embark on working together with Hunan Province Team to fast track these initiatives.