In Ethiopia, the Dire Dawa Industrial Park constructed by Jiangsu Hongxin Road & Bridge Co., Ltd, a Kunshan company, has taken shape. In the phase of the “new normal”, Kunshan has actively responded to the Belt and Road Initiative and accelerated the pace of going global. By February this year, Kunshan has approved 183 outbound investment projects, among which 40 are in countries along the Belt and Road Initiative.
In April last year, Jiangsu Hongxin Road & Bridge Co., Ltd set up a subsidiary in Addis Ababa. In June, Hongxin began shipping mechanical equipment and other goods and materials to Dire Dawa for construction of camp and production base. Currently, the camp can basically meet the need of working and living, and on the production base plants such as commercial concrete batching plant, concrete pipe plant and brick kiln have been set up for following park construction.
Now, Kunshan’s outbound investment projects are mainly in South-east Asia, in which projects accounts for 93.5% of the total, followed by Czech, 4.5%, and Israel, 2%. The investment destination concentrates in the secondary industry, including textile and garment, metal products, general and special equipment manufacturing, etc.