Latest news with #CSCEC
Kuwait Times
4 days ago
- Business
- Kuwait Times
Al-Tijaria, CSCEC sign strategic MOU with to collaborate on govt-tendered projects
Eng Abdulmutaleb Marafie, CEO of Al Tijaria Real Estate Company and Ji Tao, General Manager of CSCEC in Kuwait. KUWAIT: The Commercial Real Estate Company (Al-Tijaria), one of Kuwait's leading real estate companies, has signed a Memorandum of Understanding (MOU) with China State Construction Engineering Corporation Ltd (CSCEC), a global construction giant based in China, to jointly explore and collaborate on a range of strategically selected development projects tendered by governmental authorities in Kuwait. This agreement establishes the framework for collaborative efforts in conducting technical and financial feasibility studies during the bidding phase with CSCEC, who will perform these services in the capacity of the prospective construction contractor, subject to the viability of the project and the successful award of the contract. The partnership also outlines a framework for CSCEC to potentially invest in the projects alongside Al-Tijaria—subject to regulatory and authority approvals. CSCEC, in its capacity as the contractor, may also extend its support by introducing potential lenders to facilitate project financing arrangements on competitive terms. CEO of Al-Tijaria, Eng. Abdulmutaleb Marafie, commented: 'This MOU marks a significant step in our strategy to engage in public-private development opportunities in Kuwait. Partnering with CSCEC enables us to strengthen our technical and financial preparation during the bidding process and the execution upon award. Their global expertise and strong regional presence support our vision to develop large-scale real estate projects aligned with Kuwait Vision 2040. We are proud to work alongside one of the world's largest and most capable engineering and contracting firms.' Ji Tao, General Manager of CSCEC in Kuwait, stated: 'We are honored to collaborate with Al-Tijaria, a pioneer in Kuwait's real estate sector. Our goal is to share our global experience and technical capabilities to support the success of development projects in Kuwait and contribute to the goals of Kuwait Vision 2035. Al-Tijaria's strong market presence and proven track record make it a highly capable partner for such ongoing development initiatives' Al-Tijaria and CSCEC will continue to collaborate in good faith throughout the preparatory and bidding phases followed by implementation, in the best interest of shareholders and in alignment with applicable regulatory requirements.
Zawya
5 days ago
- Business
- Zawya
Arab Contractors, China's CSCEC form alliance to implement projects in Egypt, Africa
Arab Finance: The Arab Contractors Company and China State Construction Engineering Corporation (CSCEC) have signed a cooperation protocol to form a joint alliance to implement infrastructure and construction projects in Egypt and across Africa, as per a statement. Prime Minister Mostafa Madbouly highlighted the significance of this protocol as part of ongoing efforts to strengthen the strategic relationship between Egypt and China, aimed at expanding mutual cooperation and achieving shared objectives. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Daily News Egypt
5 days ago
- Business
- Daily News Egypt
Madbouly witnesses alliance signing between Arab Contractors, China's CSCEC
Prime Minister Mostafa Madbouly witnessed the signing of a cooperation protocol between Egypt's Arab Contractors Company and China State Construction Engineering Corporation (CSCEC), establishing a strategic alliance to implement major projects in Egypt and across the African continent. The agreement was signed by Hassan Mostafa Kamel, Senior Vice Chairperson of Arab Contractors, and CSCEC Chairperson Zheng Xuexuan. The ceremony was attended by Sherif El-Sherbiny, Minister of Housing, Utilities, and Urban Communities; Dong Jian Guo, China's Vice Minister of Housing and Urban-Rural Development; Abdel Khalek Ibrahim, Assistant Minister of Housing for Technical Affairs; Hesham Sheta, Chairperson of INCOME (CSCEC's representative in Egypt); and Heba Abou El-Ala, Vice Chairperson of Arab Contractors. Following the signing, Prime Minister Madbouly affirmed that the protocol reflects deepening strategic ties between Egypt and China, highlighting expanding bilateral cooperation across various sectors. He emphasized that the current momentum in Egyptian-Chinese relations provides a strong foundation for advancing joint initiatives and shared interests. Housing Minister Sherif El-Sherbiny described the agreement as a key outcome of Egypt's recent high-level visit to China, which included extensive meetings with Chinese officials. During the visit, the proposed collaboration between CSCEC—one of the world's largest construction firms—and Arab Contractors—Egypt's leading state-owned construction company—was advanced to capitalize on their shared expertise and regional reach. In a related development, Prime Minister Madbouly also attended the signing of a comprehensive operation and maintenance agreement for the Central Business District (CBD) in Egypt's New Administrative Capital. The agreement, signed between the New Urban Communities Authority (NUCA) and an Egyptian-Chinese alliance represented by Horizon Management and Operations Company, aims to ensure world-class service delivery and infrastructure sustainability. The agreement was signed by Amin Ghoniem, NUCA Vice President for Real Estate Affairs, and Qi Zhang, Managing Director of Horizon Management and Operations Company. Minister El-Sherbiny explained that the agreement introduces a modern 'Cost + Margin' management model—balancing service quality with operational sustainability. It enables the state to maintain full oversight through budget controls and regular reviews of technical and financial performance. The agreement covers the maintenance and operation of critical infrastructure such as electricity and water networks, fire safety systems, and other essential facilities. It also includes cleaning, security, landscaping, and environmental monitoring services. All operations will adhere to strict technical specifications and legal standards, with ongoing performance monitoring and financial oversight. El-Sherbiny noted that this approach reflects a shift toward integrated, high-efficiency urban management aligned with Egypt's vision for modern, sustainable cities. He stressed that the agreement sets a new benchmark for managing public utilities, protecting state investments, and delivering services that meet the expectations of residents, visitors, and investors in the CBD. He added that the contract underwent rigorous institutional review, overseen by a ministerial committee tasked with ensuring full compliance with legal and technical standards throughout the pre-contract and implementation phases. 'This marks a pilot model for smart, integrated urban management that we aim to replicate across the New Administrative Capital and other new cities,' El-Sherbiny concluded. 'It represents a shift from traditional service models to sustainable frameworks based on performance, accountability, and governance.'
Al-Ahram Weekly
6 days ago
- Business
- Al-Ahram Weekly
Egypt, China establish joint alliance for mega construction projects in Egypt, Africa - Economy
The Arab Contractors Company and China State Construction Engineering Corporation (CSCEC) signed a cooperation protocol to form a joint alliance to execute major infrastructure projects within Egypt and across the African continent, the Egyptian cabinet announced in a statement on Sunday. Prime Minister Mostafa Madbouly witnessed the protocol's signing. He described it as part of ongoing efforts to deepen strategic relations and strengthen the growing partnership between Egypt and China across various sectors. Key officials from both sides attended the signing ceremony. Egyptian Minister of Housing, Utilities, and Urban Communities, Sherif El-Sherbiny, noted that the protocol was one of the crucial outcomes of his recent visit to China. El-Sherbiny said he had held extensive meetings with Chinese officials to discuss collaboration between CSCEC—one of the world's largest construction companies—and the Arab Contractors, a leading construction firm in Egypt, the Middle East, and Africa. "The cooperation will focus on delivering large-scale projects within Egypt and across Africa, opening new fields of work, and exploring frameworks for future cooperation," he added. This agreement came as Egypt and China prepared for President Xi Jinping's anticipated visit to Egypt. It also follows a high-level meeting between PM Madbouly and senior Chinese official Li Shulei. The visit is expected to mark a significant step forward in cooperation between Egypt and China. The agreement between CSCEC and Arab Contractors allows the two companies to leverage their combined resources and expertise to expand their footprint in Africa's promising construction sector. The new alliance also comes as China expands its investments in Egypt. According to the General Authority for Investment and Free Zones (GAFI), over 2,800 Chinese companies operate in Egypt in multiple sectors with investments exceeding $8 billion. The Arab Contractors is a state-owned leader in the construction sector in the Middle East and Africa that executes major infrastructure and transportation projects. CSCEC was ranked the world's top construction company by revenue in 2020 and eighth globally in overseas contracting. In Egypt, CSCEC is building the Central Business District in the New Administrative Capital — home to Africa's tallest tower — and the Downtown Towers project in New Alamein City. Egypt and China have a decade-long strategic partnership, aligning with Egypt's Vision 2030 and China's Belt and Road Initiative. The two countries collaborate mainly in industrial investment, joint infrastructure projects, and technology transfer. Follow us on: Facebook Instagram Whatsapp Short link:
Daily Maverick
07-05-2025
- Business
- Daily Maverick
KwaZulu-Natal water utility slapped with costs order in dead rabbit case
It's a helluva tale, involving claims, counter-claims, a dead rabbit, a bullet, Chinese 'heavies', ChatGPT, CCTV footage and the flip-flopping construction tycoon Stephen Lu. Some folks at the parastatal uMngeni-uThukela Water (UUW) might say there's more to the story of a dead rabbit and a flip-flopping Chinese construction tycoon, but this didn't stop a high court judge from giving the water utility a snotklap on Wednesday. As is typical with legal cases, it's complicated. An attempt by UUW to reverse an earlier court order relating to a R7-billion tender was not deemed urgent by KZN High Court Judge Sidwell Mngadi. The judge was unimpressed with UUW's approach and slapped the water utility with punitive costs for abusing court processes. Here's a quick recap of the legal proceedings and the poor rabbit. Last week, we reported how China State Construction Engineering Corporation South Africa (CSCEC) hauled UUW to court over the water tender. It's a helluva tale, involving claims, counter-claims, the dead rabbit, a bullet, Chinese 'heavies', ChatGPT, CCTV footage and the flip-flopping construction tycoon Stephen Lu. CSCEC is reputedly the biggest construction company in the world and was unhappy that its bid to build a water treatment plant in KwaZulu-Natal (in a joint venture with Lu's company, Base Major Construction) was rejected. The CSCEC-Base Major JV bid was R1.8-billion cheaper than the winning R7-billion bid, headed by South Africa's Icon Construction. The case surfaced in February when CSCEC took UUW to the KZN High Court in Pietermaritzburg to interdict UUW from taking steps to award the tender, saying it had been unfairly treated. That court action continued in March, when a consent order between the parties agreed to put the tender on hold, pending a final court determination at a later date. A host of issues In the meantime, UUW had to provide a record of the tender decision. Later, lawyers for both sides haggled over a host of issues. Then, late last week, UUW made an urgent application to the court to rescind the March consent order, alleging that Base Major didn't support the legal proceedings and lawyers acting for the company did not have power of attorney. UUW said it had discovered that a dead rabbit was delivered to Lu, his colleague found a bullet in an envelope on his car, and Base Major directors were intimidated by CSCEC and forced to sign a company resolution in March saying they supported legal action against UUW. Lu said Base Major didn't want to join the action, but CSCEC strong-armed them into it — a claim CSCEC CEO Chao Wang vehemently denied. Wang said CSCEC had nothing to do with the rabbit, and that Lu was old and slow and misunderstood an incident as a kidnapping. The essence of what was before Judge Mngadi last week was whether or not UUW's application was urgent. Before the judge could rule, lawyers for CSCEC also brought an urgent application to court on Wednesday, 7 May, attempting to prove beyond doubt that they had power of attorney by producing an affidavit from Lu disavowing earlier statements that he was threatened. This was in response to UUW's lawyers asking in court last week: 'Where is Mr Lu?' Well, CSCEC lawyers said, on 5 May, Lu deposed to an affidavit saying he willingly withdrew a criminal complaint relating to threats against him and confirming he voluntarily signed a Base Major resolution supporting the legal review application of the losing tender. This urgent application relating to power of attorney was also struck off as not urgent. However, Judge Mngadi didn't buy UUW's story. He said there was nothing to show that Lu's co-directors at Base Major didn't support the case against UUW. And, while Lu claimed he was forced into signing the resolution, witnesses said he signed it 'freely and voluntarily'. The judge went through a chronology of events from Lu's reluctance to support the case against UUW on 19 March, through statements relating to duress, to the company resolution. 'Parallel process' 'In my view, there is nothing showing that there was anything untoward in the resolution,' said Judge Mngadi. He said last week's court bid by UUW was 'a parallel process' that sought to scupper the legal review of the tender, 'by seeking contradictory relief in an urgent application' (relating to whether CSCEC's attorneys had the authority to act). There was no reason why the issue could not be raised in the review. It was not urgent, said the judge, and struck it off the roll with a punitive costs order, saying it was an abuse of court process. Lawyers for UUW said the issue of power of attorney still had to be resolved by the court. They said they were taking urgent instructions from UUW regarding the way forward. Lawyers for CSCEC said while the issue of authority could still be revived by UWW (on a non-urgent basis), they were adamant they had authority — provided by Lu's 5 May affidavit. They said the upshot of Judge Mngadi's ruling was that UUW was still bound by the consent order of March: it cannot award the tender until arguments have been heard in court. UUW was meant to have furnished answering affidavits in that matter by 30 April and had yet to do so. The interests of justice, CSCEC's lawyers said, required that this evidence be admitted so that the review (concerning R7-billion of taxpayers' money and water provision to KZN residents) 'can be resolved expeditiously'. DM
