"Chinese investment in residential construction in Africa: The role of ABTs" presentated by Dr Mi Zhou at the African Union for Housing Finance (AUHF) Conference, November 17-18, 2014 in Cape Town.
In the past year, economic situation has changed a lot, developing countries are facing much more challenges. The Sino-African relationship is getting stronger. Real estate is becoming more and more important in Chinese outward FDI, which is 3.67% of all in 2013, reaching the peak high in the past decade. As to the real estate industry, more capital has flown into the developed countries for long-term investment.
Africa needs more houses to meet different kinds of demand, based on climates, habits and income, while in most cases, land is not the first factor to consider. Chinese contractors have accumulated quite some experiences in ABT field, which would be quite helpful for the building in Africa. With rapid development, there is huge space for building in Africa, ABT should be considered if applicable.
Key message of the presentation:
• Sino-African cooperation in building has quite some space
• China has quite some experiences in ABT
• ABT should be important when considering the different factors
Dr Mi Zhou is the Deputy Director of the Institute of World Economy, CAITEC. He is a Senior Research Fellow. He has published more than 200 articles and books within his research fields on Outward Investment, Contracting and Trade in Services. He finished his post-doc research in Fudan University and visited Stanford University.
His presentation sponsored by the Africa-China Urban Initiative (http://urban-africa-china.angonet.org).