top arrow
Africa  |   Invest in Rwanda  |   News and Events  |   Awards  |   Partners    
Home Services Our work About us Contact us
Chinese firms eye opportunities in local tourism, hospitality sectors
middle top arrow

Chinese firms from Jiangsu Province have expressed interest in Rwanda’s tourism and hospitality sector.

According to Gao Yan, the director for foreign affairs in Jiangsu Province, companies from the province are looking at investing in hotels, road construction and aviation sector, which are instrumental for growth of the local hospitality and tourism sectors.

“We want to focus on tourism and related sectors because Rwanda is a top destination in the region. This offers us huge investment opportunities, especially setting up hotels in national parks like Akagera and Nyungwe that have unique experiences,” Gao said during an interview with The New Times in Nanjing, the capital of Jiangsu Province.

Gao was previously the second secretary and councilor at the Chinese Embassy in Rwanda, where he spent three years.

He added that tourism is one of the projects Chinese President Xi Jinping pledged to support in Rwanda.

The tourism industry is Rwanda’s top foreign exchange earner, and government has been positioning the country as a must-visit and conferences destination in the region.

Rwanda targeted to earn $400 million from tourism last year, up from $318 million in 2015. The country expected tourist and visitor numbers to increase by 4 per cent last year, up from 1.3 million recorded in 2015.

Located in eastern China, Jiangsu Province is an industrialised area contributing 10 per cent to China’s GDP. The province’s GDP per capita stands at $40,000.

Firms from Jiangsu Province are currently developing five-star hotels and beach properties in Mauritius and Madagascar, according to Gao.

“Our people are travelling more and more to visit Africa, and Rwanda should be their perfect destination,” he said.

He added that companies from the province are being encouraged to diversify into the services sector, a shift from manufacturing and mining.

Other Articles
- Kagame roots for modern farming

- Event title event title event title event title

- New Akagera Park electric fence to mitigate human-wildlife conflict

- New $350m peat power project to increase generation capacity by 40%

- Africa’s exchanges urged to be innovative and integrate to attract more investment

- Morocco signs over $2 billion investment deal in Ethiopia

- Govt Rwf15bn TB lists on bourse

- Property devt boom a vote of confidence in Rwanda’s economy

- Bank of Africa pledges to support Rwanda’s devt initiatives as it launches operations

- RSE records Rwf1.1bn weekly turnover, market capitalisation drops

- AfDB roots for more investment in agriculture

- Public, private sector agencies partner to foster buyers’ rights

- EAC stock markets integration for June

- Deadline for sale of govt shares in I&M Bank extended

- Green Investment should be prioritised

- AfDB approves $28.2m funding to support housing in Africa

- Coffee production up as export receipts decline

- Digital banking will boost financial inclusion - CBA Group boss

- Why COMESA Court is revising arbitration rules

- Indian government approves agreement with RwandAir

- Rwf8.7bn to boost electricity roll-out

- Rwf54bn cement factory to be set up in Musanze

- Government in renewed drive to fast-track devt of satellite cities

- Is it time for Rwanda to issue more infrastructure bonds?

- KCB Bank Rwanda operating income up to Rwf14.7bn

- Mixed fortunes for firms listed on RSE

- I&M Bank debuts on the bourse, closes at Rwf105

- RwandAir’s direct flights to Gatwick Airport start May 26

Our contact details

Promo Africa, African union boulevard, KK500st, Kicukiro, Kigali-Rwanda

Telephone: +250 788 509 838

»  Enquiry Form

Find us on
bottom arrow