Chinese investments in Africa remained strong in 2024 as construction contracts rose 34 percent year-on-year (YoY) to $29.2 billion, according to the latest China BRI Investment Report 2024. Africa came next to the Middle East, which reported a 102 percent YoY increase in Chinese construction contracts under the flagship Belt and Road Initiative (BRI) infrastructure programme. […]
China’s Silk Road Fund has acquire a 24.01% equity interest in the 700MW DEWA concentrated solar power (CSP) project in Dubai. The DEWA CSP project, which was awarded to an ACWA Power led consortium is the 4th phase of the Mohamed bin Rashid Solar Park, the largest single-site concentrated solar power plant in the world. […]
China’s Belt and Road Initiative (BRI) is steadily expanding, with the government emphasising high-quality cooperation, economic connectivity, and infrastructure development, according to a recent report. The ‘Report on the Work of the Government’ released via Xinhua News Agency on Wednesday stated that trade and investment cooperation under BRI has been continuously expanded and upgraded over […]
DMCC, the leading international business district that drives the flow of global trade through Dubai, has announced two major strategic partnerships with the Beijing Innovation Service Hub for Digital Economy Enterprise Going Global (“Beijing Innovation Service Hub”), and Beijing Chaoyang Council for the Promotion of International Trade (“Beijing Chaoyang”). The signings were made during DMCC’s […]
An Abu Dhabi economic delegation, led by the Abu Dhabi Department of Economic Development (ADDED), concluded a successful visit to China, which saw the signing of groundbreaking agreements to further enhance cooperation between government entities and private sector companies in Abu Dhabi and China, reaffirming the emirate’s efforts to build and cement partnerships with leading […]
The United Arab Emirates and the People’s Republic of China have forged a remarkable model of cooperation, built on shared ambitions and a commitment to sustainable development, leading to mutual prosperity and economic progress. As the two nations celebrate 40 years of diplomatic relations this year, their journey since 1984 has been marked by innovation […]
