The Djebel Oust cement plant in the governorate of Zaghouan, changes its dimension. The Chinese company Sinoma has officially taken possession of the share owned so far by a Brazilian group, for an estimated amount of $ 140 million (more than 418 million dinars).
This transfer marks a key step in the Chinese strategy to strengthen its economic ties to Tunisia. “This project is one of the first to be part of the vision of the People’s Republic of China aimed at supporting investment and deepening trade relations with Tunisia,” said Rong Yakun, Chairman and CEO of Sinoma, reports the TAP agency.
He added that the company would “take advantage of its expertise to modernize production, introduce advanced technologies and develop local skills through suitable training”.
“We see in this factory a locomotive for other Chinese projects in Tunisia,” he said.
Present at the ceremony, the Chinese ambassador to Tunisia, Wan Li, stressed that “this commercial cooperation is profitable for the two countries” and that it “is part of the programs signed between our two governments for the next three years”, reports the Mosaic FM radio.
He said China “actively encourages its upcoming investors in Tunisia and supporting economic and social development programs.”
Wan Li also spoke of the “Beijing desire to strengthen coordination with Tunis in the face of challenges imposed by trade tensions with the United States” and to “share with Tunisia the economic benefits of the Silk Road”.
For his part, the director general of FIPA, Jalel Tebib, welcomed this acquisition: “It is a qualitative jump in the history of foreign investments in Tunisia. »»
He recalled that Sinoma is “one of the most influential companies in the Shanghai Stock Exchange, with a remarkable international presence”.
