SAM Group vows to help develop Central Islands Province
Quoting the Island Sun newspaper – 24 September 2019
“The Central Islands Province is set to take off following the signing of a Strategic Cooperation Agreement with China Sam Enterprise Group Co Ltd, one of China’s top hi-tech investors earlier this week.
“Premier Stanley Manetiva signed the deal with representatives of the Sam Group in Honiara on Sunday, September 22. The signing now paves the way for the preparation of a Development Master Plan for the Province.
“Premier Manetiva said after the signing the Province is looking forward to putting the Strategic Cooperation Agreement into action.”
“We’ve signed similar agreements before but nothing came of it. I am confident however that this new agreement with plans to develop a Master Plan for the development of the entire Province will come to fruition,” he said.
“The Master Plan will cover development in a host of sectors, including fisheries and tourism.
“On Tourism, the Master Plan will include the development of a Tourism Centre, Hotel, Resorts, Passenger Piers, Water Sports site, Sightseeing Spots and so on, a spokesperson for the Group announced before leaving the country yesterday.
“The Master Plan will also include a “Special Economic Zone” that will have design many beneficiary packages and policies designed to attract more investors to the Province.
“That might include a Fishery Base and related industries, Agricultural Plantation Projects, Minerals Development, Green Energy Development, Oil & Gas Projects, LNG Terminal and Finances and so on.
“China Sam Group will design an Investment Platform which will give confidence to business associates, partners, subsidiaries, corporations and state-owned enterprises which we have identified to partner with so they can invest in Solomon Islands.
“China Sam Group might also consider setting up a Foundation … to invest in Government Projects,” the spokesperson said.
“The spokesperson told Island Sun the agreement signed on Sunday was intended to restore Central Islands Province’s glory of the past.
“Tulaghi Island will be the first to take off, positioning itself as the multi-functional “Special Economic Zone” to attract Investors and Visitors,” the spokesperson said.”
Copyright @ 2019, Island Sun newspaper.
China Sam Enterprise Group Co., Ltd. was established in 1985 and has its headquarters in Beijing. Sam Group”, for short, is a national high-tech enterprise. Its major business is on Oil & Gas, Energy, Minerals, Chemical Investment, Trade, File, Security and in other fields.
“Sam Group is the strategic partner of China National Chemical Corporation, China Chengtong, China Xinxing, TusHoldings, China Kingho, China Senior Professors Association and other enterprises and institutions, published materials about the conglomerate said.
The company’s total assets are valued at more than RMB58 billion (about SBD65 billion), making it one of the biggest companies in China.
Copyright @ 2019, Island Sun newspaper.
