Chinese firm to invest $200 million

A CHINESE-BASED firm plans to invest US$200 million in developing an industrial park in Chipata City, with over 2,000 jobs expected to be created.

The money will be pumped into the project for the next 10 years, according to Beijing Bumu International Engineering Limited Group of Companies chairperson Liu Fenqiu.

Mr Liu said the development of the industrial park, which will be done in three phases, has started on the 410 hectare piece, which is the Fisheries Research Station and belongs to the Ministry of Fisheries and Livestock.
“The first phase has started with verification of beacons which was done last month and stocking of….

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