Puntland and the Chines City of Tongxiang have agreed to create Horn of Africa Special Economic Zone, the government in Puntland has said.
The new agreement was part of bilateral discussions between a delegation led by Puntland President who are visiting China. They are meeting some of the Chines provinces leaders and investors.
” Tongxiang Economic Development zone will lead the initiatives and help create the economic zone,” the government statement has said.
Other bilateral agreements included economic and development cooperation between the Chines city of Tongxiang and Galkayo town of Puntland. There were plans to develop airports and ports by Chines investors in Puntland which has not yet progressed to the operational stage. A few days ago, the government said they have agreed with China Civil Engineering Construction Corporation (CCECC) on the construction on Eyl fishing dock in Puntland.
H.E Farah Awash, the minister of Fishery and Maritime Resources has signed the agreement for Puntland. He says ” the construction of the fishing dock will increase the economic growth of the community and job opportunities for the youth.”
is a county-level city, part of Jiaxing, in northern Zhejiang Province, China, with a population of 815,800— that is one-third of Puntland population, according to its Wikipedia profile.