President Hakainde Hichilema has commissioned the Chibombo Jiangxi Economic Cooperation Zone in Chibombo District, Central Province.
The commissioning of the zone follows only one month after President Hichilema’s successful State Visit to the People’s Republic of China, where Zambia signed several MOUs, including one to consolidate the sister relationship between Zambia’s Central Province and Jiangxi Province.
The President lauded Jiangxi United for their efforts in attracting a range of companies to the facility, including medical equipment manufacturers, a steel processing plant, an electrical insulator factory, and many more.
“Local businesses are encouraged to take part in the opportunities in this facility as your government has many initiatives for citizens’ access to credit facilities as well as incentives such as tax holidays for local investors,” stated President Hichilema.
“Your government is committed to promoting special economic zones and industrial parks to leverage on the centrality of Zambia’s location to accelerate our industrial development and achieve our goal of becoming the regional manufacturing and processing powerhouse. This Road and Belt Initiative is another example of the longstanding all-weather relationship between Zambia and China forged over decades. Today we celebrated the TAZARA spirit that underscores the bilateral relations between our two countries.”
The Zambia-China Jiangxi Investment and Trade Cooperation Promotion Conference was also held in Chibombo District.