STAT EVENTS -Air Cargo Africa 2013
Air Cargo Africa 2013 - Plethora of opportunities. Africa, the world's second-largest continent, renowned for its thriving wildlife, cultural heritage and abundant reserves of resources, has plenty of untapped investment opportunities. The continent is hence being hailed as the ‘New Frontier’.
The Over the past few decades, Africa has been receiving an increased interest from world players for its rich reserves. Thus, raising the standard of living of the people in Africa and hence a higher purchasing power. This bodes well for Air Cargo industry to thrive.
Asia and Africa trade is also of great significance. China’s trade with Africa of $116bn is double of that between India and Africa presently, which stands at about $51bn. While investments by Indian private sector stand at around $5.5 billion, investments in development projects in Africa are said to be around $500 million in the next 5 years. There is also a steep increase in Chinese investments which is largely driven by expansion in China-Africa trade and the search for new energy sources. Chinese investments in Africa stand at around $60 billion. For more details, please visit www.stattimes.com/ACA2013