Minister for Foreign Affairs & Trade, Hon Lionel Aingimea, MP and chairman of the China Rural Revitalisation and Development Corporation (CRRDC), Zhang Yong signed a phase 1 investment project proposal valued at approximately AU$1 billion, further cementing economic injection for Nauru' socio-economic development, 5 August.

Minister Aingimea was accompanied by Deputy Minister Russ Kun and other officials for the meeting with senior executive members of CRRDC in Beijing, China.

The estimated $3-5 billion-yuan proposal further cements economic injection for Nauru's socio-economic development

Discussions focused on key socio-economic development and advancement for mutual benefits between Nauru and CRRDC.

The Phase 1 Project Proposal is the first of a 3-phase step with each phase focusing on developing key sectors in Nauru - renewable energy, the phosphate industry, marine fisheries and sea infrastructure, water resource and environmental system, modern agriculture systems, eco-tourism, green transport system, health and cultural exchange platforms.

A scoping team from CRRDC is scheduled to arrive in Nauru in October, to engage with key local ministries and stakeholders for the development of a successful road-map guideline.

The consultation and implementation phase further anticipate an increase in employment opportunities, trade prospects and people-to-people cultural exchange.

The phase one proposal centres as a cross-sectorial approach to achieving national objectives and in diversifying opportunities and resilience for, and to, the Republic of Nauru and her people.

Source: https://www.nauru.gov.nr//government-information-office/media-release/media-release-nauru-secures-$1bn-social-economic-project-proposal_11aug2025.aspx