Recently, Shanxi Construction Investment Group and Ethiopian Railway Corporation signed a memorandum of understanding on cooperation on INDODE International Industrial&Logistics City Project in Addis Ababa. Han Shuwei, the overseas business representative of Shanxi Construction Investment Group, and HLina, the CEO of Ethiopian Railway Corporation signed MOU on behalf of both parties.

This project is a national key project in Ethiopia, which was signed by the Ethiopian PPP Board of Directors. It aims to revitalize the Addis Ababa Djibouti Railway, with an estimated total investment of 1.7 billion dollars. The Addis Ababa Djibouti Railway is the most important international railway channel to the sea and the starting project of the national planned railway network in Ethiopia, the most important collection and distribution railway channel of Djibouti Port, and also the landmark achievement of China's the Belt and Road Initiative in the business sector of Africa, which will provide an important guarantee for Ethiopia's comprehensive and sustainable economic and social development.

Han Shuwei said that as the business leader of the project, Shanxi Construction Investment Group will unswervingly implement the the Belt and Road Initiative, give full play to its own experience and advantages in the construction of the park, integrate multiple resources, and dedicate high-quality products to make the project a landmark project of Shanxi Construction Investment Group in East Africa.

HLina said that the promotion of the project aims to give full play to the core competitiveness of the Addis Ababa Djibouti Railway in logistics transportation, release logistics potential, reduce logistics costs, and help build Addis Ababa into an industrial center, a trade center and an international logistics hub in East Africa. As the first national PPP project in Ethiopia, the federal government will give strong support to preferential policies, actively attract foreign capital, improve economic activity, and regain the confidence of global capital in investing in the Ethiopian market.Editor/Xing Wentao