Anhui Foreign Economic Construction Group

Anhui Foreign Economic Construction Group (AFECC) is a Chinese construction and mining company with an international focus that includes 14 overseas subsidiaries in Asia, Europe, Africa, the Caribbean, and Pacific Islands.[1] Based on the value of 2011 deals, the company ranks among the top 225 contractors in terms of international projects.[2]

Not to be confused with Anhui Construction Engineering Group, another construction company based in Anhui.
Anhui Foreign Economic Construction (Group) Co., Ltd.
TypePrivate
IndustryCivil engineering, mining
Headquarters
Hefei, Anhui
,
China
Area served
Worldwide
Revenue0
0
0
Total assetsbankrupted
Websitewww.afecc.com

The company develops diamond mines in the DRC and Zimbabwe.[3] In the DRC, the company entered into a 50-50 joint venture agreement with the government to develop a mine in eastern Kasai that could produce 6 million carats by 2016.[3] The terms of the agreement were publicly revealed in March 2013 and specified that the company would contribute $4.2 million in equity, provide a signing bonus of $61 million, and invest in various infrastructure projects amounting to $100 million throughout the country.[3] The planned infrastructure projects include the construction of a 4.6- megawatt hydropower plant near Tshibwe; a new building for the national diamond regulator; and assistance in bringing a loan from the Chinese government to fund a 15-megawatt hydroelectric plant at Tubi Tubidi and a road from the plant to Mbuji-Mayi.[3]

In its charitable giving, the company contributed $1.5 million towards a week long phase of a medical mission called the "Brightness Trip", in which a medical team visiting the hospitals of Malawi treated patients with cataract conditions.[4]

References
  1. "Corporation Information". Anhui Foreign Economic Construction Group. Archived from the original on 2013-12-19. Retrieved 2013-09-22.
  2. "The Top 225 International Contractors". Engineering News Record. Retrieved 2013-09-22.
  3. "Anhui Construction, Congo Plan to Take Diamond Company Public". Bloomberg. Mar 28, 2013.
  4. Yu, Guanghua (2013). Rethinking Law and Development: The Chinese experience. Routledge. p. 230. ISBN 9780415640367.
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