(Business in Cameroon) - On June 11, 2015, India based Azad Coach, China’s Gac Gonow and, especially, Yutong, the automobile construction leader in China and the world’s 3^rd manufacture, signed an agreement for the construction of two auto assembly plants (trucks and sedans) in Douala and Kribi.

The Indo-Chinese consortium, which has the Cameroon Automobile Industry Company (CAIC) as its local partner, plans to invest around 92 billion FCFA in these projects for which the Cameroonian government will be providing 900 hectares of land in the vicinity of the Kribi deep water port.

The project will benefit from legislation on private investment incentives in Cameroon which grant tax and customs incentives to companies for a period of 5 to 10 years as well as during their installation and production phases. Around 4,620 direct jobs will be created within the framework of these projects during the first 15 years of activity.