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Zendai unveils 20-year plan in S Africa

By Xie Yu in Shanghai | China Daily | Updated: 2014-04-12 07:20

Shanghai-based Zendai Group, the parent company of Hong Kong-listed Zendai Property Ltd, will invest more than 80 billion rand ($7.6 billion) over the next 20 years to develop a mixed-use property project in Johannesburg.

Chairman Dai Zhikang said that Zendai aims to build a modern urban complex similar to Shanghai's Pudong district or Manhattan in New York.

He made the comments during an investment event in Johannesburg on Wednesday, the Xinhua News Agency reported.

Zendai unveils 20-year plan in S Africa

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