China’s Fujian Shai Corp will invest over US$300 million in construction of a fishing complex and a luxurious five-star in Prabis, Guinea-Bissau according to statements made by the president of the Chinese company, Yang Ming.

The place where the project will be built, 18 kilometres southwest of Bissau, was visited Sunday by a group of businesspeople and investors from China on visit to Guinea-Bissau.

Besides the two projects, the Chinese company will also build a fishing harbour to unload catches and rebuild the road between Bissau to that location.

The president of Fujian Shai Corp said the purpose of the visit “is to study with the Guinea-Bissau authorities investment projects in the fisheries sector, including the construction of this complex,” which will create about 3,000 direct jobs.

Yang Ming noted there were a number of investment opportunities in Guinea-Bissau and said, “I hope to do many things with the Guinean government in the fisheries sector as well as tourism.” (macauhub/CN/GW)