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Poly Technologies will make a strong investment in the Mauritania fishing industry. (Photo: Stock File)

Chinese firm invests USD 100 mln in Mauritania fishing

MAURITANIA
Tuesday, March 16, 2010, 23:00 (GMT + 9)

China's Poly Technologies Inc is to invest USD 100 million in Mauritania's key fishing industry, the official AMI news agency reported Monday.

The announcement, including of the construction of a fish factory able to produce 44,000 tonnes of food a year, comes after the company signed an agreement with Mauritania's fisheries ministry.

The agreement also provides for building fishing boats and developing "value added" fish products.

AMI said the move would create 2,500 direct jobs and allow Mauritania "to have a highly qualified workforce in transforming fish products, in naval construction, machine maintenance and management."

Fishing is a key part of the economy of Mauritania, most of which is desert.

AFP

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