China to invest 800 million USD in B&R project in Abu Dhabi

MG News | February 07, 2018 at 12:57 PM GMT+05:00

0:00

(Xinhua/APP – Twelve Chinese companies will invest more than 800 million U.S. dollars in a Belt and Road project in Abu Dhabi, creating more than 2,000 jobs.

Agreements have been signed between the companies, 10 of which are from east China's Jiangsu Province, with the Jiangsu Provincial Overseas Cooperation and Investment Company (JOCIC), which is in charge of developing 2.2 square kilometers of land at the Khalifa Industrial Zone Abu Dhabi (Kizad).

China will build the industrial cooperation demonstration park within Kizad to boost practical cooperation within the framework of the Belt and Road Initiative.

The government of Jiangsu said it will build the industrial park into a landmark program of China's Belt and Road Initiative, attracting companies from both inside and outside the province.

Construction of the industrial park started in January.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	156,177.82 367.85M	-0.00% -3.12
ALLSHR	95,630.38 1,498.37M	-0.06% -60.44
KSE30	47,678.47 206.79M	-0.08% -35.92
KMI30	229,682.22 174.86M	-0.02% -39.87
KMIALLSHR	64,366.76 638.47M	-0.08% -53.31
BKTi	41,922.80 89.51M	-0.11% -46.72
OGTi	31,735.79 16.87M	-0.80% -255.97

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	116,490.00	116,525.00 116,115.00	665.00 0.57%
BRENT CRUDE	67.91	68.59 67.62	-0.56 -0.82%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	93.50	93.50 93.50	0.15 0.16%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.64	63.67 63.59	-0.41 -0.64%
SUGAR #11 WORLD	16.23	16.59 16.23	-0.33 -1.99%