The Government of Equatorial Guinea will host a high-level economic forum, bringing together top leaders to promote investment opportunities and provide key insight into the West African country.
The “Equatorial Guinea-Asia” Economic Forum, to be held on April 30 in Dalian, China, will complement an official two-day visit of H.E. Obiang Nguema Mbasogo to Beijing, thus highlighting a history of strong cooperation between the two countries.
President Obiang will offer the keynote address to an audience of government officials and executives from the business world in Asia. In addition, several Ministers of Equatorial Guinea, belonging to the country’s key economic sectors, will make their presentations, among which are: the Minister of Finance and Budgets; the Minister of Mines, Industry and Energy; the Minister of Health and Social Welfare and the Minister of Agriculture and Forestry.
The aim of the “Equatorial Guinea-Asia” Economic Forum is to connect the leaders of Equatorial Guinea with the investment community from Asia, as well as attract direct foreign investment and promote various sectors of the economy.
Equatorial Guinea, as the fourth oil and gas producer in Sub-Saharan Africa, has struggled to diversify its economy to reduce its dependence on revenue from the hydrocarbon sector. The presidential visit to Beijing and the forum in the northeastern port city, Dalian, is a strong message about the intentions of Equatorial Guinea to forge even stronger, more solid relationships with the economy of Asia.
-“Equatorial Guinea has a rich and prosperous history of economic cooperation with Asia. The forum is a momentous occasion to visit old friends and forge new alliances. While Equatorial Guinea pushes forward ambitious plans for industrialization and economic diversification, we welcome investment in various sectors such as oil and gas, mining, agriculture and health,” stated Gabriel Mbega Obiang Lima, Minister of Mines, Industry and Energy.
In 2015, Equatorial Guinea and China celebrate 45 years of bilateral relations rooted in sustainable trade and economic ties. In January, H.E. President Obiang, received the Minister of Foreign Affairs, Wang Yi, in the African Palace of Bata, to intensify diplomatic relations. Chinese investment has been heavily involved in the plan of Equatorial Guinea for industrialization and economic diversification, Horizon 2020. Chinese construction companies have built much of the infrastructures of the Government of Equatorial Guinea and the Chinese government has identified the modernization of the maritime sector, agriculture and development of the coastal economy as important areas for future cooperation.
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Source: Ministry of Mines, Industry and Energy
Equatorial Guinea’s Press and Information Office