Future Interiors Qatar 2016
 
Monday, June 27, 2016
Directory Directory Subscribe
Login
 

Chinese builders sweeping Middle East construction market

 
 

Please, enter data

Please, enter data

Business Korea, 2 March 2016

Chinese construction companies are sweeping the Middle East market. According to Middle East Economic Digest (MEED), a market data provider, Chinese builders won three contracts in Egypt, worth US$10 billion in total, and another one worth US$3.3 billion in Algeria in January 2016 alone. In the meantime, Korean builders obtained 11 orders in the Middle East between January and February but the average contract amount is less than 10 billion won.

Chinese construction companies are showing an excellent performance in Iran as well. China did not take part in the recent economic sanctions on the country unlike Korea and Chinese builders are making good use of their huge capital strength, price competitiveness and the Chinese government’s policy to back up their business there.

The three contracts in Egypt are especially noteworthy in that Chinese President Xi Jinping himself visited Egypt to sign them last month. During his stay in Saudi Arabia, Egypt and Iran, the Chinese President presented a new investment plan worth 86 trillion won. The Middle Eastern countries, which are suffering from financial difficulties with oil prices plummeting, are asking for China’s cooperation one after another, implying that Chinese builders’ presence in the Middle East construction market will continue to increase for the time being.
Business Korea
2 March

  COMMENTS
Login to Add Your Comment  (for subscribers) | Subscribe

 

Latest News

GE and a Chinese company to establish a $8 billion coal-fired power station in Egypt
Daily News Egypt, 27 June 2016

General Electric (GE) has agreed to establish an electricity station with China’s Harbin. The power plant will run at a capacity of 6,510 MW using clean ...

Read full story
GE and a Chinese company to establish a $8 billion coal-fired power station in Egypt
Dubai launches $45 billion industrial strategy for 2030
The National, 27 June 2016

An industrial strategy that aims to add Dh165 billion ($45 billion) to the economy and create thousands of jobs by 2030 has been approved by Sheikh Mohammed bin ...

Read full story
Dubai launches $45 billion industrial strategy for 2030
Egypt’s Maxim Group to invest $732 million in North Coast project
Daily News Egypt, 27 June 2016

Maxim Investment Group has announced the launch of its Bo Sands Sidi Abdel Rahman project located in the heart of the North Coast.

The new project ...

Read full story
Egypt’s Maxim Group to invest $732 million in North Coast project
Back to Home Page 1437 --- 385 <><><> 672.5.....exvideo=0....eximage=0
P 0
BR 6

Future Interiors Qatar 2016

 

 
3rd Annual Future Interiors Qatar
5 - September 2016
TPLA Experience Tech UAE
5 - September 2016
2nd Annual Solar Projects Egypt
6 - September 2016
2nd Annual LightingTech Egypt
26 - September 2016
2nd Annual Smart Parking UAE
28 - September 2016
 
  View more  

Market Indecies
 
Saudi SE - 2.32%
Dubai FM - 4.53%
Abu Dhabi SE - 3.99%
Kuwait SE - 1.51%
Doha SM - 8.36%
Muscat SM - 6.18%
Casablanca SE Closed
Bahrain SE - 0.98%
Cairo SE Closed
Amman SE - 1.12%
 

RetrofitTech KSA 2016

Quick Links
  Reports  
  Articles  
  Brochures & Flyers  

Up-coming events
  2nd Annual Solar Projects Egypt - 6 September - 7 September 2016  
  2nd Annual LightingTech Egypt - 15 November - 16 November 2016  
  Project Egypt - 8 February - 11 February 2017  
  Food Africa Cairo - 22 April - 24 April 2017  
IFP Group Events Calendar

 


Notice: Undefined variable: left3 in C:\inetpub\wwwroot\rec2008\ifpinfo\ifpinfo-news.php on line 1545

Magazine sections
  Finance  
  Zoom  
  Growth Markets  
  Regional Overview  
  Editorial  
  Tips and Tricks  
  Spotlight  
  Home Finance  
  Our Meetings
 
  Focus
 
  News
 
  Legal Issues
 

 

               
IFP Corporate
• IFP Emirates
• IFP Lebanon
• IFP Qatar
• IFP Iraq
• REC Saudi Arabia
• IFP China
Lebanon
Energy Lebanon
Project Lebanon
Qatar
3rd Annual Future Drainage & Stormwater Networks Qatar
3rd Annual Future Interiors Qatar
3rd Annual Future Landscape & Public Realm Qatar
Heavy Max
Hospitality Qatar
Project Qatar
Qatar StoneTech
Iraq
Energy Iraq - Erbil
Erbil International Fair
Iraq Agro-Food - Baghdad 2016
Iraq Agro-Food - Erbil
Medicare Iraq Erbil
Project Iraq - Erbil
Saudi Arabia
PMV Series at Saudi Build
Saudi Agriculture
Saudi Agrofood
Saudi Build
Saudi Power Sports
Saudi Stone-Tech
Saudi Transport
Riyadh Motor Show
 
 
  IMC
IFP Group 2016 - © All rights reserved