Meeting with the Nicaraguan Chamber of Construction (CNC)
On September 18, 2014, HKND Group met with the Nicaraguan Chamber of Construction (CNC) to know the situation of the construction sector in Nicaragua and to seek opportunities for cooperation.
The Deputy General Manager of the Public Relations Department of HKND Group, Bernard Li, reiterated that the company promotes the construction of the Grand Canal of Nicaragua project adhering to the principles of legality, transparency and fairness. He welcomed Nicaraguan companies to participate in the project leveraging its competitive advantages.
The President of the CNC, Benjamin Lanzas Somarriba, welcomed the representatives of HKND Group and appreciated the visit. Lanzas Somarriba expressed that the Nicaraguan companies of the construction sector are excited about the project of the Grand Interoceanic Canal of Nicaragua and hope to have opportunities to participate in its construction. He highlighted that the CNC companies have extensive experience in construction engineering and are prepared to contribute to the Grand Canal Project. He also presented the major current construction projects in the country, including a hydroelectric plant, hotels and roads, among others.
In 2013 the construction sector contributed about 5% of the Gross Domestic Product (GDP) of Nicaragua, estimated at USD 11,255.6 million, according to the Central Bank of Nicaragua (BCN).