By Philip Buda Ladu
Central Equatoria Business Union (CEBU) has inked a real estate investment deal with China’s Zhong Ni Industrial Group, Hong Kong.
This partnership aims to boost sustainable economic growth through joint investment in real estate development in the country.
The agreement, signed on Thursday 3, October 2024 in Nanjang City, China, marks a significant step towards attracting foreign direct investment (FDI) and stimulating economic growth in South Sudan.
In a statement on its social media handle, seen by No.1 Citizen Daily Newspaper, CEBU announced the investment framework cooperation it has established with Zhong Industrial Group Hong Kong, Limited.
Central Equatoria Business Union Chairman, Juma Khamis Juma who is in China on a business mission and Zhong Ni Industrial Group CEO MAO LIN signed the deal on behalf of their representative organizations, expressing mutual enthusiasm for the collaboration.
He highlighted the potential for a mutually beneficial partnership, emphasizing the positive changes in South Sudan’s business environment since its independence.
While acknowledging the challenges facing the nation, Juma emphasized the importance of collaboration between the private and public sectors to address these issues and create jobs for the youth.
Mr. LIN, Zhong Ni Industrial Group’s chief executive officer (CEO) echoed Juma’s sentiments, affirming Zhong Ni Industrial Group’s commitment to contributing to South Sudan’s development goals through its investment.
The partnership is expected to create jobs, generate revenue, and enhance the country’s real estate sector.