Shandong Ruyi to make $200m investment in Nigeri - sportstextiles: Lea SportsTextiles

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Shandong Ruyi to make $200m investment in Nigeria

13/09/2018
Reports following the recent Forum for China-Africa Cooperation in Beijing suggest Chinese group Shandong Ruyi is poised to make a major new investment in the Nigerian textile industry.

Talks took place at the event between Nigeria’s president, Muhammadu Buhari, other senior members of the Nigerian government and Shandong Ruyi company leaders. Reports afterwards said Shandong Ruyi will invest $200 million in textile projects in Nigeria.

Projects Shandong Ruyi intends to support, according to the reports, include a new industrial park in Kano, a large-scale cotton farm in Katsina and textile and garment factories in Aba, Abia and Lagos.


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