ZAMBIA-CHINA Economic and Trade Co-operation (ZCCZ) general manager Zen Baosen says the multi-facility economic zone (MFEZ) is the most favourable investment platform in Africa.
“This is significant to Zambia because it will bring capital and technology from China. Infrastructure development is critical to foreign direct investment, which will contribute to gross domestic product (GDP),” he said on Thursday when he made a presentation at an investment forum held on the sidelines of the 2013 Zambia International Construction Material and Light Industrial Products trade fair at the Lusaka MFEZ.
He said the MFEZ is the first Chinese overseas economic and trade co-operation zone established in Africa.
Mr Zen said the Chambishi MFEZ will be a comprehensive zone focusing on non-ferrous metal industrial value addition chain.
He said the zone will include manufacturing, engineering, equipment assembly, small and medium enterprises industrial park, exhibition centre, a motel, and a restaurant among other things, thereby significantly contributing to job creation.
He said other facilities at both the Chambishi and Lusaka MFEZs will be residential and office accommodation built with new style construction concepts suitable for African countries.
“This [the MFEZ] has potential investment opportunities for locals…our aim is to develop Zambia and enable it to produce value added products that will also have market in Zambia’s neighbours,” Mr Zen said.
The trade fair, which was officially opened by Vice-President Guy Scott on Thursday, has attracted a number of Chinese companies dealing in various fields of the economy and closes today.