BRI: Chinese, Arab companies sign $620mln worth of deals at China-Arab States Expo - Xinhua

(Details about projects added in the last paragraph)

 

Chinese and Arab companies inked a total of 13 projects worth nearly 4 billion yuan (about $620 million) at the Belt and Road Investment Promotion Conference held during the 5th China-Arab States Expo in Yinchuan City in Ningxia Hui Autonomous Region, state news agency Xinhua reported last week.

 

The signed deals covered areas of infrastructure construction, new energy, modern agriculture, equipment manufacturing, biomedicine and aviation, among others.

 

The agreements, according to a related press statement issued on 22nd August, included: 

• $70 million project for production of medical plastics between the Saudi Silk Road Industrial Services Co. and SHEN GONG Group Ltd under 'Made in KSA' initiative
• Project on the treatment of waste vehicle tires between Saudi Silk Road Industrial Services Co. and JIA HONG YUAN for Technology and Environmental Protection under Saudi Green initiative
• Contracting agreement for the construction of a 120-megawatt wind energy project in the Gulf of Suez, Egypt, between Gezhouba Group and Egypt's Tawoos Power Company

 

(Writing by N Madhura; Editing by Anoop Menon)