Maravi

S/Korean firms seek investment opportunities in Zim

S/Korean firms seek investment opportunities in Zim
By Kingsley Kaswende in Harare, Zimbabwe
Fri 05 Nov. 2010, 04:00 CAT

SOUTH Korean industrial giants Samsung, Daewoo and Hyundai are in Zimbabwe looking investment opportunities. Their representatives have met Prime Minister Morgan Tsvangirai to express their interest in investing in Zimbabwe.

Tsvangirai said the companies were seeking information on Zimbabwe’s investment climate and other relevant material for them to make informed decisions and some of them would sign Memoranda of Understanding with Zimbabwean companies before they leave for South Korea.

“We have been discussing potential areas of interest in business. Some of the key Korean companies such as Hyundai, Samsung, Daewoo are part of this delegation. We had very productive exchanges,” said Tsvangirai after meeting a delegation of Korean businesspeople.

He said the South Koreans expressed interest in mining, construction and technological fields.

Technology giant, Samsung’s business activities span advanced technology, semiconductors, skyscraper and plant construction, petrochemicals, fashion, medicine, finance, hotels, among many other investments.

Samsung electronics is the company’s flagship and is involved in high-tech electronics manufacturing and digital media.

Also represented at the meeting was another technology company, Daewoo, which is involved in the manufacture of a range of domestic appliances including refrigeration, laundry, microwaves and floorcare, the options are vast. Daewoo is also involved in the manufacture of motor vehicles.

Tsvangirai said he told the investors that Zimbabwe was ripe for investment.
Tsvangirai said Zimbabwe was hunting for investors and was establishing a one-stop-shop investment centre for ease.

CK/WK

Labels: MORGAN TSVANGIRAI, SOUTH KOREA, ZIMBABWE

posted by MrK @ 6:47 AM