Thursday, 15 April 2021 05:05 GMT

Abu Dhabi's B&R project to acquire USD800m from China


( MENAFN ) A Belt and Road project launched in Abu Dhabi is to receive over $800 million funds from 12 Chinese companies, pushing for the opening of over 2,000 job vacancies.

The companies have inked the deal with the Jiangsu Provincial Overseas Cooperation and Investment Company (JOCIC), the developer at the Khalifa Industrial Zone Abu Dhabi (Kizad).

For the purpose of improving practical partnership, China is to create the industrial cooperation demonstration park inside Kizad.

Jiangsu has also revealed its plan to construct the industrial park into a landmark program of the Chinese Belt and Road Initiative.

MENAFN0702201800450000ID1096440170


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Authors_Square_PromoteArticle_Ink2019