Home / Business / Chinese company Gaoda International Investment Trading to invest XAF4.5 bln in a building material’s manufacturing plant

Chinese company Gaoda International Investment Trading to invest XAF4.5 bln in a building material’s manufacturing plant

Business in Cameroon | On August 23, 2019, Chinese company Gaoda International Investment Trading signed an investment agreement with Cameroon’s investment promotion agency API for the construction of a building materials’ production plant.

This XAF4.5 billion, based in Douala, will help create 122 direct jobs, official sources reveal.

The agreement signed by the company is enacted by the 2013 law (amended in 2017). It grants tax and customs incentives to investors (both already installed or about to launch construction) for between 5 and 10 years.

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2 comments

  1. Biya is taking this money to fund army

  2. Just an agreement and bribe money up front. Wait until project execution time when you will have to go through 55 ministries to get permits and approvals; along plenty of bags of money for bribe along the way. The Koreans tried to build a cement factory in the South West; brought in equipment and never opened shop. What is the completion ratio for Chinese projects in Cameroon? lrc is hell hole to do business in. Oeriod

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