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Hunan’s outbound investment ranks first in central China

2022-02-02

In 2021, Hunan Province’s outbound investment increased by 12.1% to 1.67 billion USD, ranking tenth in the country and first in central China. The turnover of foreign contracted projects reached 2.76 billion USD, a year-on-year increase of 22.5%.

 

In 2021, central enterprises like the Sinohydro Engineering Bureau 8, provincial state-owned enterprises such as Hunan Construction Engineering Group, and private enterprises represented by HNAC Technology joined hands to go global and engaged in a batch of influential projects including Jakarta-Bandung High-Speed Railway and China-Thailand Railway. 
 
Major projects have been launched, including a surface water-treatment plant in Rajshahi, Bangladesh, and a tire plant in Pakistan. 
 
Projects such as the “Two Industrial Parks and One Road” in Laos, a metal materials industrial park in Cambodia, a Hunan industrial park in Nigeria, and a rubber factory in Côte d’Ivoire are progressing steadily, with major indicators of these projects rising steadily, structure optimized and benefits enhanced.
 
"We will continue to develop high-quality markets in Malaysia, Sri Lanka, and Ghana, and expand new markets with huge development potential," said Gui Zijun, deputy general manager of Hunan Construction Engineering Group. 
Gui added that in 2020, the group signed a contract worth 909 million yuan for an apartment project in New Zealand. In 2021, it successfully expanded markets in the Middle East and Europe and had new projects in Iraq, Serbia and Israel.