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Analysts said that the deal showed the desire of the sovereign wealth fund to diversify its investment portfolios by acquiring overseas resources and infrastructure assets.
And the company continues to expand its footprint in the West. Last year, Logicor invested 80 million euros in the completion of four new sites in Italy, Finland, Germany and Romania. Eight further projects are under way in Germany, Finland, the UK and Poland with a total projected cost of 79 million euros.
An undated photo shows an elderly woman dining at a nursing home in Hangzhou, East China's Zhejiang province. [Photo by Sun Yidou/Provided to China Daily]
And to show that Uganda is serious about attracting Chinese tourists, the government will send a team of technocrats and tourism sector players to China to try and market what Uganda has to offer. The team will be leaving Uganda on March 11.
Analysts argued that the immediate goal of Volkswagen's new partnership is to meet the government's demand, as it is stipulated in the deal that Volkswagen will enjoy priority if it needs to buy credits from the joint venture.
来源：资阳报