Zambia's National Council for Construction executive director Dr Sylvester Mashamba said the African country welcomed all businessmen from Malaysia to invest in the industry, either by themselves or in joint ventures with local companies or government agencies.
"We have a lot of things to offer to Malaysian businessmen, especially those in road construction, through government funds worth US$1.6 billion for the period from 2004 to 2013," he said at a half-day seminar on "Business Opportunities in Construction and Education in Zambia" in Kuala Lumpur today.
In addition to roads, Mashamba said, other areas that Malaysian companies could participate included sports infrastructure, water and sewage disposal infrastructure, multi-facility economic zones in Lusaka and Chambeshi, housing and hydroelectric power stations.
The construction sector has been the biggest growth industry in Zambia in the past 10 years with its annual growth rate averaging 17 per cent, he said.
Bilateral trade between Malaysia and Zambia in 2008 totalled US$17.5 million with exports valued at US$4.7 million and imports at US$12.8 million.
By Bernama
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