Chinese firms plan SEZ in Zimbabwe

Chinese companies will join hands with the Zimbabwe government to build a special economic zone and an industrial park in Zimbabwe to further stimulate the country's economic development and transformation, according to Emmerson Mnangagwa, vice-president of Zimbabwe.

He said investors can enjoy several preferential policies in the special economic zone and can also put up industrial parks and factory shells to rent out to other companies.

Mnangagwa made the remarks at a signing ceremony for the project during a two-day visit to Qingdao, Shandong province, on Thursday and Friday. Qingdao is also the home of many giant industrial and home appliance manufacturers such as Haier Group and Hisense Group.