Cape Verde to house one of China’s five Special Economic Areas in Africa

24 October 2007

Praia, Cape Verde, 24 Oct – The Chinese ambassador to Cape Verde, Wu Yuanshuan, said Saturday in Praia that the Chinese and Cape Verdean governments were working towards the island of Sao Vicente becoming one of the five special trade areas that the Beijing authorities plan to set up in Africa.

“We are working to convert Sao Vicente into a special economic area, but initially we want to carry out the construction project of the fishing supply center,” said the ambassador.

Initially the project will focus on fishing activities on the island, which has the biggest and best-equipped sea port on the archipelago.

Cape Verdean economy minister, José Brito, said that the special economic are would first be linked to fishing, in Sao Vicente, where there are already refrigeration facilities for preserving fish, which can then be re-exported.

Also as part of the cooperation between Cape Verde and China, Wu Yuanshuan said that in the next month a Chinese group was due to arrive in Cape Verde to carry out studies for the construction of the National Stadium, financed by China.

The Chinese ambassador confirmed that there we other projects that would be financed by China in Cape Verde, namely electronic governance and construction of social housing. (macauhub)