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	162,163.81 363.99M	-0.70% -1140.32
ALLSHR	98,789.32 1,004.87M	-0.60% -591.65
KSE30	49,418.59 142.52M	-0.85% -423.92
KMI30	235,592.79 87.24M	-1.05% -2511.37
KMIALLSHR	64,955.16 475.31M	-0.97% -635.78
BKTi	45,437.77 69.21M	-0.59% -267.52
OGTi	32,150.13 9.02M	-1.60% -521.10

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	114,635.00	116,570.00 113,495.00	3895.00 3.52%
BRENT CRUDE	65.68	66.64 65.06	-0.26 -0.39%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.00 -1.23%
ROTTERDAM COAL MONTHLY	92.50	92.50 92.50	0.35 0.38%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	61.55	62.17 60.67	0.05 0.08%
SUGAR #11 WORLD	14.47	15.04 14.34	-0.50 -3.34%