Kano Govt, Chinese firm sign MoU for $600 million Textile Industrial Park

The Kano State Government has signed a Memorandum of Understanding (MoU) with Shandong Ruyi Technology Group of China for the establishment of a $600 million Textile Industrial Park in the state.

The Secretary to the State Government, Alhaji Usman Alhaji, and the company’s Chairman, Mr. Yafu Qiu, signed the agreement at the company’s headquarters in Jining, Shandong, China, according to statement made available by Mr. Salihu Tanko Yakasai, the Director General of Media to Governor Abdullahi Ganduje.

The statement explained that Shandong Ruyi is China’s leading innovative technology textile enterprise, adding that the planned multi-million dollar investment in Kano would be its biggest in Africa upon completion.

Speaking shortly after the ceremony, the state governor, Ganduje, who had earlier visited one of the group’s factories, described the event as “the biggest Foreign Direct Investment expected in the state in recent times.

Photo Caption: Garment Factory With Workers