Gabon Signs $4.3 Billion in Deals with Chinese Investors
Wednesday, 04 September 2024 14:55
The agreements, signed on the eve of the ninth edition of the Forum on China-Africa Cooperation (FOCAC), primarily focus on the public works and energy sectors.
Gabon signed investment agreements worth $4.3 billion with Chinese investors during a bilateral economic forum held in Beijing on Tuesday, September 3.
The Gabonese Ministry of Economy and Investments announced the deals in a statement, saying the forum marked half a century of cooperation between the two nations. "Following six thematic roundtables, the event concluded with the signing of several agreements that mobilized over $4.3 billion, particularly in the public works and energy sectors," the statement adds. The forum also gave Gabonese authorities a chance to showcase Gabon's investment opportunities and flagship projects to Chinese businesses.
These agreements were announced ahead of the ninth Forum on China-Africa Cooperation (FOCAC), which is taking place in Beijing from September 4 to 6. The triennial economic gathering, themed "Joining Hands to Advance Modernization and Build a High-Level China-Africa Community with a Shared Future," aims to strengthen economic ties between China and Africa.
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