On the morning of 2nd July, in the city of Beijing, the delegation led by Gabriel Mbega Obiang Lima, Equatorial Guinea Minister for Mines and Hydrocarbons, opened the first round of tenders aimed at seeking Chinese investors in the oil and mining sectors.
One of the main aims of this first round is the promotion of oil, gas and minerals in the Republic of Equatorial Guinea, in order to relaunch the economy, as 2019 is energy year, and 2020 will be investment year.
The minister began his speech by welcoming those present, and inviting them to invest, not only in the oil, gas and minerals sector, but also in other sectors, taking into account the second phase of the National Development Plan 2035, with the creation of industrial estates and cooperation with the People’s Republic of China, who is already playing a very important role in this phase, as the Asian country has been supporting the Republic of Equatorial Guinea since the first phase.
Taking into account the fact that the mining sector is beginning to become strong in our country, the Minister for Mines believes it necessary to attract direct foreign investment for the execution of projects.
This first contact in the city of Beijing concluded with the participation of various entrepreneurs who showed their interest in the initiative from the ministry to approach investors.
Source: Equatorial Guinea Press and Information Office