Infinity Group (Listen to our interview with Amir Gal-Or, founder of Infinity Group here), Beijing-headquartered Sino-Israeli private equity firm, is partnering with Chinese food giant, COFCO (China National Cereals, Oils and Foodstuffs Corporation), to build an Eco-Valley in Fangshan, Beijing.
The Eco-Valley project is a semi-governmental project with participation from Infinity, COFCO, and the City of Beijing. The Israeli government is also providing support.
Infinity and its partner, the LR Group, an Israeli infrastructure consulting company, will invest over RMB1 billion in Eco-Valley and its agricultural projects, which measure 11.2 square kilometers in total.
Eco-Valley, or the smart agricultural city, plans to build high-end agricultural production, high-tech demonstrations, ecological landscape, agriculture tourism, resort hotels, commercial and residential properties.
Infinity will provide Israeli agricultural technologies to COFCO to improve food quality. Infinity and LR will also provide a professional team for on-the-ground operational support.
“We intend to be responsible for the people, the environment and the earth by developing safer and healthier food," says Ning Gaoning, chairman of COFCO.
The collaboration was announced at a signing ceremony in Beijing, two days before the arrival by Israeli Prime Minister, Benjamin Netenyahu, to China this week. This will be the first visit to China by an Israeli prime minister since 2007.
“A 20% ownership in the Eco-Valley project is an attractive investment," says Amir Gal-Or, founder of Infinity.
Infinity is founded in 1993 and backed by the China Development Bank and Clal Industries. The firm currently manages RMB10 billion through 17 local RMB funds, with 100 portfolio companies.