New MOU to attract investment in value added sector

New MOU to attract investment in value added sector

Posted on Thursday April 07, 2016 at 12:41PM

AIHA signs historic MOU with Chinese fund to help increase foreign investment in Alberta

Alberta’s Industrial Heartland (April 7, 2016) – Alberta’s petrochemical sector could see an increase in investment by Chinese companies with the signing of a new Memorandum of Understanding (MOU). Signed recently in Hong Kong, the MOU is between Alberta’s Industrial Heartland Association (AIHA) andthe Can-China Global Resource Fund (CCGRF).

As a result of continued efforts by AIHA and our growing reputation in China, a more formalized relationship has been created with CCGRF. It is one of the world’s top investment funds that assists Chinese firms in making investment abroad. Signing the MOU will result in better information sharing, mutual promotion, and detailed research which will aid investment decisions of Chinese firms.

“China is currently Alberta’s second largest trading partner. It makes sense to build upon this already thriving trade relationship,” commented Ed Gibbons, Chair of Alberta’s Industrial Heartland Association. “Chinese petrochemical companies are actively seeking investment opportunities abroad, and we want to be their number one choice. Signing this MOU will help steer them towards Alberta.”

Read the full news release.

Author: Lamont County Now

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