DONGDU INTERNATIONAL 'STRATEGY' IN NOVA SCOTIA: TO BUILD LONG-TERM PARTNERSHIPS...[WHAT THE ?]

 DONGDU INTERNATIONAL'S  'STRATEGY' IN NOVA SCOTIA: To BUILD LONG-TERM PARTNERSHIPS...[What the ?]

September 15, 2014

Dakai Maritimes

Greater Halifax Partnership CEO Paul Kent and DDI chairman Martin Li at the MOU signing.
Halifax Regional Cooperation Council and Dongdu International Group signed a memorandum of cooperation in the field.

Chris Muise 

For Dongdu International Group, the investment in the new province as a long-distance race, steady is the key to win the game it.

May this year, Shanghai-based investment group Dongdu International (DDI), and Nova Scotia Business Companies (NSBI) and Halifax Regional Cooperation Agency (GHP) signed a memorandum of cooperation, official confirmation of the new Sri Lanka Scotia provincial areas for long-term, multi-phase development plan, and to bring more Chinese tourists to the new province.

Since then, Going International Development in China market test, complete design section, and in the new province Gaisibole County (Guysborough) Expand detailed market research. It is reported that east will build two luxury resorts in Gaisibole County, are located in the community Brook (Sherbrook) and St. Joseph (Saint Joseph) - serve as the favorite subject of Chinese business people to travel around the world.

"The first project is about to start, we are in the preparatory stage, the name of the project is Henry Huxford (Henry Huxsford), located in St. Joseph." Going international spokesman Stephen cum consultant Mr. Deng Puxi New Province then he spoke: "Imagine the scale of this project is 300-500 villas, so now works in the construction preparation phase, after which you can start we are working on preparing this regard.."

Going international cooperation projects with Gaisibole county forest area of ​​1,200 hectares. Mr. Deng Puxi said the east there are many similar large-scale projects. Replace this forest, it will be a holiday villa. The design focus on the Chinese market, and will meet the market demand gradually. Summer next year, it plans to have 50-100 Villa completed.

Mr. Deng Puxi, said: "Our success as well as the results of this project shows the expected, but China also have a saying 'a thousand miles begins with a single step'." He then talked about the Group's flexible model ensures that this project good financial health "We will start the sale of these villas before. Based on our many years of experience in the analysis, we are confident this project."

Going in Nova Scotia investment plan to build the base is not limited to tourism. Going International Group and Nova Scotia are very valued this cooperation program, which will promote the transformation of the economic structure of the new province. So the long-term nature of cooperation will become an important link between China and Canada Culture.

Mr. Deng Puxi view, the original ecology of the natural environment is one of the reasons the new province to attract Chinese business people to invest. Going to the province plans to introduce a series of new technology companies.

"This will be the forefront of technological development. Although it is still in the planning stages, but we already have such a strategic objective." Dempsey wants to see the technology industry and new technology enterprises in China's province of mutually beneficial cooperation. "We deeply understand that once these companies were introduced, they need office space, which is what we are able to provide; and their quarters, the need for a place to live, and we can build them; they need to export markets support, and we have the resources in this series. "

Mr. GHP president and CEO Paul Kent said that this project will promote the development of the new province forward. "We also put Halifax on the development agenda, including the renovation and reconstruction of Barrington Street (Barrington) of a business club."

Mr. Kent give this evaluation: "This cooperation project will bring to the city center Haffa change will also affect the Gaisibole town center will create a more vibrant east coast, but also will promote. The new pace of development in other regions of the province. "

The development plan is also facing a series of challenges. Dempsey and Kent both said the challenges include new provincial labor westward, as well as to deal with language and cultural conflicts.

Dempsey said: "As we know, there's a lot of labor have been or are planning a trip to Alberta and other western provinces, local labor to meet their needs in this province for certain professions and trades undoubtedly species. challenge. However, we will work with relevant departments to work together to solve the labor shortage problem. "

"As Chinese investors continue to arrive, Mandarin will become more frequent users appears. Communication between the two, especially our response is particularly important." Kent says his team will be Chinese training this fall. "We will learn to increase understanding of China, a better host."

Just east of when drafting development plans, Dempsey and Kent had to hold this item optimistic, they believe the project will bring a new look to the new province, more and more investors will have access to new province.

Kent said: "This is a good first step, I think it will have a good effect to promote."

"This is the first but by no means the only Chinese investors." Dempsey said:. "I believe that many will have the strength of technology companies to bring new products and new designs to the new province of our companies will have the opportunity to cooperate with these foreign enterprises, and innovation. For us, this will be an excellent development platform. "(End)

For Dongdu International, investing in Nova Scotia is a slow-yet-steady race they plan to win in the long run.

This past May, the Shanghai investment company Dongdu International, or DDI, signed a memorandum of understanding with Nova Scotia Business Inc. and the Greater Halifax Partnership, marking the official beginning of a long-term, multi-phase development plan to bring more Chinese tourism to the shores of Nova Scotia.

Since then, DDI has been hard at work undergoing market testing in China, completing design concepts, and conducting detailed survey work in Guysborough county, where the company will be constructing two luxury resorts - one in Sherbrook, another in Saint Joseph - aimed primarily at jet-setting Chinese business professionals.

"The first project that will get underway, and we're working on right now, is the project at the site that we call Henry Huxsford. That's the one at Saint Joseph," says Stephen Dempsey, DDI's spokesperson and advisor in Nova Scotia. "You can appreciate that, for a project that may contain up to 300 to 500 villas, it's quite enough just to get the physical engineering components of the project underway. We're working on those right now."

With 1,200 hectares of forested Guysborough County land that DDI has to work with, Dempsey says the plan is not to develop all of that property at once. Instead, they plan to build the villas, designed with the Chinese market in mind, in stages that meet demand. They hope to have 50 to 100 villas ready by the next summer season.

"We're fully expecting to see great success, and many hundreds of dwellings on our sites, but as the old Chinese saying goes, 'a journey of a thousand miles begins with the first step,'" says Dempsey, who says their flexible model will ensure the project's financial success. "And our development begins with the first villa sold on site. From the market analysis that we've done, we do not think there's any problem in starting out at that level."

DDI's investment in the province goes beyond just building vacation resorts. Both DDI and its partners in Nova Scotia see this project as a catalyst that could affect a big change in the economic landscape of Nova Scotia, and engender a strong bond between our two cultures in profound and far-reaching ways down the road.

By appealing to business professionals from China looking to own foreign property in a pristine natural landscape like ours in Nova Scotia, Dempsey says DDI plans to attract technology companies to the region in the long run.

"This is really sort of a beachhead frontier kind of opportunity for technology. While that's at the earlier stages, it's also part of our plan," says Dempsey, who would like to see Chinese tech companies mingle with our own technology base. "We understand that, as those companies are attracted and come here, they need offices; we know how to build offices They need residences, places to live;. we know how to build those They need support to export markets;. we know how to access those. "

"We're certainly tuned into the Halifax agenda, which includes refurbishing and redeveloping a building on Barrington Street for a business club," says Paul Kent, president and CEO of Greater Halifax Partnership, who says this development project has the potential to affect all of Nova Scotia for the better.

"It has an impact in the urban core of Halifax. It has an impact in the rural heartland of Guysborough County. It's going to create an eastern shore that's way more alive than it has ever been, and it raises the possibility of enlivening other parts of the province at the same time, "says Kent.

Some of the challenges ahead, according to Dempsey and Kent, include the question of Nova Scotia's labour in the wake of skilled workers traveling west, and preparing for possible language and cultural barriers that might arise.

"There's a lot of labour, as we know, that has gone to Alberta and other places out west to meet demand there. That, to a certain degree, has challenged certain skills and trades," says Dempsey. "We'll be working with the appropriate associations to make sure that we do not have any shortfalls there. "

"The reality of a significant Chinese investment in Nova Scotia involving a lot of people is that we are going to be encountering people that speak Mandarin quite frequently. Our response to that is critical," says Kent, whose team will be taking advantage of Mandarin training this fall. "We'll certainly be stepping up our interest in all things China, so that we can be the kind of host for this kind of business that's necessary."

While DDI's development project is still taking baby steps, Dempsey and Kent are optimistic that this project will prove to be very transformative for Nova Scotia in a lot of new and exciting ways, and just the first in a long line of Chinese investments to come.

"It's a very good first step," says Kent. "I think it should be a catalyst for action."

"This will not be the only company - it's just the first,". Says Dempsey "I think we're going to see some really interesting technology companies emerge New products, new designs We have a wonderful opportunity to be brutally innovative.. , in supporting all of that. 

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