CHINESE COMPANY KEEN TO INVEST IN GEMSTONES
2 min read
By Margaret Kamba
Chinese company Guangdong Londoe Cheng Economic Development Company Limited has expressed interest in investing in gemstones in a lucrative deal that will see at least 100 000 people employed.
The company which is already working on getting licenses is expected to also bring in at least 100 other investors in due course.
This investment follows many others which have come thanks to the engagement and re-engagement thrust taken by the Second Republic led by President Emmerson Dambudzo Mnangagwa.
In an interview the owner Su Xilong disclosed that the peaceful environment in the country makes the country suitable for investment.
“I have been working for more than 20 years in gemstones and in countries such as India, Brazil, Madagascar, Tanzania, Mozambique and United States of America. Zimbabwe has so many gemstones and I wish to start working this year once the licenses with ZIDA and the investor permits are complete,” Su said.
“My company looks to employ at least 50 000 people once it is set up and in the next teo to three years at least 100 000 when 100 other investors come in.
“The investment injection will be USD5 million including the plant, machinery and materials.
“This is a good place and has people with a good education and public order. I have visited many countries in Africa but I feel that Zimbabwe is the best place for investment.”
Su who has been in the country for 70 days has enjoyed the tourist attractions among them Victoria Falls and Kariba looks to also invest in tourism.
“My friends who have seen my social media posts are excited about this country and wish to come on holiday. In the long run this will see me investing in tourism as well.”
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