Recently, the China-Africa Investment & Development Co., Ltd. was officially established, with over 150 domestic and foreign guests attending the unveiling ceremony. As the first China-African joint venture established by enterprise holdings of the Huai'an construction industry, the China-Africa Investment & Development Co., Ltd. is controlled by JiangSu Zhenhuai Construction Group, with joint investments from NATIC Technologies, Senegal, and Future Capital Company, Senegal, with a registered capital of 10 million US dollars.

Since the beginning of this year, the Housing and Construction Bureau of Huai'an City has actively implemented the spirit of the provincial construction industry's conference on high-quality development. It encourages and supports construction industry enterprises in Huai'an to actively respond to the Belt and Road Initiative, accelerate their pace of "going global," and seize new markets in Africa, the Middle East, South America, Southeast Asia, and other regions through general contracting and labor cooperation. Establishing the China-Africa Investment & Development Co., Ltd. provides an important platform for the city's construction industry to invest and develop in Africa. It is a powerful measure for enterprises in the construction industry to strengthen their supply chains, expand their development, and accelerate the development of new productive forces. It will accumulate practical experience in nurturing new industries, opening up new tracks, building new models, and exploring new markets. In addition, it further expands economic and trade exchanges between Huai'an City and Africa, promoting the continuous development of friendly relations between China and Africa.

The China-Africa Investment & Development Co., Ltd. will focus on investment development and international trade while strengthening its core business of construction contracting. It will extend its business into high-value-added fields such as industrial production, transportation, machinery and electronics, telecommunications, and chemical engineering, achieving integrated development of "industry + capital" and "industry + finance."