On December 20th, the business delegation from the Arab-Africa Investment and Development Center (CAAID) concluded their visit to China. Dr. M’hamed Amine Boutalbi, President of CAAID, expressed great satisfaction with the trip, which left a profound impression. The delegation engaged in extensive discussions with Explore Group on topics such as the historical and cultural ties between China and Africa, the development of the paper industry, jewelry and minerals, heavy machinery, trade logistics, and more. They also conducted forward-looking discussions on investments in African industries and economic development.
The visit covered a wide range of industries, including paper manufacturing, new energy batteries, solar panels, medical equipment, amusement facilities, motorcycle production, and logistics ports. Dr. Amine Boutalbi expressed a strong desire to establish a comprehensive partnership with Explore Group, culminating in the signing of a multibillion-dollar procurement agreement.
Mr. Zhao Lirong, General Manager of China Palladium Group (Rongfa Zhihe (Beijing) Business Service Co., Ltd.), based in Algeria, also expressed interest in forming a strategic cooperation with Explore Group to jointly develop the Algerian market in Africa.
Explore Group’s General Manager Bi Wenxiao attended the signing ceremony on behalf of Chairman Fu Tongbin, and was joined by Group Director Lin Gun, President of Explore International Thoms Ong, Assistant to the Chairman Zhou Jinzhu, and other key representatives.
The successful signing of this strategic cooperation agreement not only showcases Explore Group’s strong capabilities and positive image in the African trade sector but also opens up vast opportunities for future collaboration. With mutual effort, both parties look forward to witnessing fruitful outcomes and driving new growth in China-Africa trade and economic relations, further strengthening the China-Africa community of shared destiny.