Zimbabwean president launches Chinese-invested industrial park


HARARE, Feb. 24 (Xinhua) -- Zimbabwean President Emmerson Mnangagwa on Monday attended the groundbreaking ceremony for a Chinese-invested industrial park, hailing it as a boost to the southern African country's industrialization.

The Palm River Energy Metallurgical Special Economic Zone in Beitbridge, Matabeleland South Province, with a 3.6-billion-U.S.-dollar investment by Chinese company Xintai Resources, will be implemented in five phases over 12 years, targeting to produce chromium-based materials and coke.

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