STORY HIGHLIGHTS


COIDIC launches African headquarters

CNC
Added On May 1, 2017

The China Overseas Infrastructure Development and Investment Corporation, or COIDIC, has inaugurated its African headquarters in Johannesburg, South Africa. 
 
COIDIC is China's first overseas platform for the early stage development of infrastructure projects.
 
COIDIC is the world’s largest fund ever targeted for project preparation in emerging market countries. 
 
The main business of COIDIC is the early stage development of Public Private Partnership (PPP) infrastructure projects, handling financial, engineering and legal aspects of project preparation. 
 
SOUNDBITE: ZHOU CHAO, Board President of COIDIC:
"This evening we are celebrating the opening ceremony of the Africa headquarters of COIDIC. This opening of the COIDIC South Africa office is evidence of our long commitment to Africa and the establishment of COIDIC."
 
COIDIC focuses project preparation in Africa, and soon it expects to expand its operations to contribute to China-propopsed Belt & Road Initiative.
 
Its aims at becoming an influential global project incubator platform for essential infrastructure development.