Latest news with #ChinaStateConstruction
South China Morning Post
13 hours ago
- Business
- South China Morning Post
China at the centre of Egypt's new capital which will house 6 million people
Egypt 's New Administrative Capital, located in the heart of the desert just 45km (28 miles) east of the capital Cairo, is taking shape, with China at the centre of its construction , operation and maintenance. Chinese state-owned construction giant, China State Construction Engineering Corporation (CSCEC), is not only the primary contractor for the central business district of the new city but will now operate and maintain it in a deal between China and Egypt The new 700 sq km (270 square mile) city will eventually house more than 6 million people and is being constructed to relieve congestion and pollution in Cairo. The total cost of the CBD's construction – which will include a presidential palace, parliament, government buildings and space for foreign embassies – is estimated at US$3.8 billion (29.8 billion yuan). 02:02 China is building a new Egyptian capital in the desert under its Belt and Road Initiative China is building a new Egyptian capital in the desert under its Belt and Road Initiative The Egyptian unit of CSCEC on Wednesday announced the signing of a protocol for the operation and maintenance of the CBD project , which is seen to cement Chinese companies as key players in the country's infrastructure development and positions Cairo as a belt and road gateway to Africa and the Middle East. 'Under the agreement, CSCEC will assume responsibility for property management, operation and maintenance of the CBD in the New Administrative Capital, providing integrated urban services to residents, tourists and businesses,' CSCEC said in a statement. China's housing vice-minister Dong Jianguo, who was present at the signing of the deal on Sunday, viewed the strategic partnership between the two countries 'as a model of mutual benefit' and expressed China's readiness to expand cooperation in housing, infrastructure and urban-rural development. The CBD features Africa's tallest skyscraper, the 385.8-metre (1,266-foot) Iconic Tower, along with 10 office towers, five residential towers and four hotels, with CSCEC being the main contractor. Since 2023, more than 30,000 government employees have relocated to the new capital, which has served as Egypt's official seat of government since President Abdel Fattah al-Sisi's third-term inauguration. Commercial tenants, including banks, are also moving into the CBD, signalling its growing economic role.
Zawya
26-05-2025
- Business
- Zawya
Chinese banks fund 85% of Egypt's New Administrative Capital's CBD towers: Report
A consortium of Chinese banks led by the Industrial and Commercial Bank of China (ICBC) has provided 85 percent of funding for the 20 towers in the central business district (CBD) of the New Administrative Capital in Egypt, a media report said. The remaining 15 percent was funded by the Egyptian government, Ashraq Business reported, citing an unnamed source. The total cost of development was $3.8 billion, the report said, adding that the handover for 15 towers will start next month. The remaining five towers will be completed as per the schedule finalised by the state-backed China State Construction Engineering Corporation, but no details were given. The loan will be repaid in over 10 years, starting with the handover of the towers, the report said. (Writing by P Deol; Editing by Anoop Menon) (
Miami Herald
20-05-2025
- Business
- Miami Herald
New $60B High-Speed Rail Planned in Asia
The Vietnamese government is evaluating a $60 billion proposal to construct a high-speed railway from Hanoi to Ho Chi Minh City. If approved and completed, the high-speed railway would stand among Asia's largest infrastructure undertakings and sharply reduce travel times between Vietnam's capital and its southern business center. Lawmakers had previously approved a $67 billion plan for the railway in November 2024, and earlier discussions occurred with China State Construction, China's largest construction firm, about possible involvement. Hanoi, Vietnam's capital, has a population of 8.7 million, while Ho Chi Minh City has a population of 9.9 million. The plans were submitted by Vinspeed, a company founded by Vietnamese billionaire Pham Nhat Vuong. They outline a 957-mile line that would, in theory, be delivered five years ahead of the government's earlier timeline. The proposed project would have a total cost of 1,562 trillion dong, approximately $60.3 billion, though that price does not include site clearance expenses. Vinspeed has committed to finance 20 percent of the total investment and seeks the remaining 80 percent, equivalent to about $48 billion, from the Vietnamese government at a 0 percent interest rate over 35 years. The company wants to begin construction this year and finish it by the end of the decade, a timeline that Western high-speed rail projects would balk at. A passenger train is considered high-speed if it travels at least 124 mph on upgraded tracks or 155 mph on new tracks. More than 20 countries currently have high-speed rail networks, and many other countries in Asia, such as South Korea, China, and Japan, are considered leaders in the industry. China has established the world's most extensive high-speed railway network in just two decades. Since the first line launched in 2008, the network has grown to roughly 25,000 miles, more than double the combined length of the rest of the world's high-speed railways and long enough to circle the Earth. Vinspeed has said that it is currently discussing a technology transfer with premier partners from China and Japan for domestic production of locomotives, carriages, and signaling systems, because of the success these countries have had with high-speed rail. The Ministry of Construction planned to submit the collected feedback and a finalized resolution to Vietnam's National Assembly by Tuesday. Vinspeed aims to start construction by the end of 2025 and have the rails fully operational by December 2030. Related Articles Upholding Religious Freedom Abroad Advances America's Vital National Interests | OpinionUS Travel Warnings for Middle East, Asia Amid Iran TensionsAsian Imports Into US Collapse Amid Trump Tariff WarsTrump Tariffs Like 'Delinquent Kid Extorting Somebody'-Japanese Lawmaker 2025 NEWSWEEK DIGITAL LLC.
Mid East Info
08-05-2025
- Entertainment
- Mid East Info
Get Ready to Be Wowed: BEYOND Expo 2025's 4-Day Agenda Redefines Innovation in Asia
Get your last-minute tickets and mark your calendars! BEYOND Expo 2025 is set to take place from May 21-24 at The Venetian Macao Cotai Expo, offering an unparalleled deep dive into cutting-edge technology and global innovation. With a meticulously crafted schedule, the event aims to foster collaboration, highlight groundbreaking advancements, and inspire a global audience. Day 1 – May 21: A Grand Opening Media Day (Before Opening Ceremony – Exclusive to Media, KOLs and participating exhibitors) The exclusive gateway for exhibitors to connect with 100+ top-tier media and KOLs takes place on May 21, just before the grand opening. Showcase your latest innovations, gain firsthand media exposure, and maximize global reach. Opening Ceremony – Stage T (16:00 – 18:00) Step into a night of innovation and connection as we Empower Asia and Bridge the World at our spectacular Opening Ceremony. BEYOND 2025 kicks off in grand style, bringing together visionaries and industry leaders to explore 'What's Next?' in global technology and business. Expect inspiring insights, groundbreaking discussions, and an unforgettable start to Asia's premier tech event. Note: Entrance to the Opening Ceremony is not included in the General Pass. An additional ticket is required. BEYOND Welcome Night Join us at BEYOND Food Market for an exclusive evening, where a delicious blend of gourmet delicacies, tempting beverages, and lively tunes await! Immerse yourself in the warmth of Macao, engaging in conversations with elites from diverse fields, forging new friendships, and expanding your network. Day 2 – May 22: Innovation in Full Swing Exhibition & Summit Now Open! Join 1,200+ exhibitors, including Fortune 500 firms, multinational giants, unicorns, and industry pioneers, shaping the future of tech and innovation. Exhibition Area/Venue Open (09:00-18:00) The exhibition area and summits are officially open! This is where 1,200+ exhibitors from around the world—Fortune 500 companies in Asia, multinational corporations, unicorn companies, emerging startups, and industry leaders—come together to explore the future trends of technology and innovation. Green Building Conference – Stage T (09:00-18:00) [Hosted by China State Construction] Japan Tech Forum (AM) [Co-hosted with ReGACY Innovation Group] The Japan Tech Forum highlights Japan's vibrant innovation ecosystem. Bringing together established corporations and emerging startups, Japan's technology sector is distinguished by its commitment to research and development, as well as its emphasis on collaboration. Mid-East Tech Forum (PM) [Co-hosted with Sino-International Entrepreneurs Federation] The Middle East-Asia Forum will explore groundbreaking opportunities between the Gulf and Asia's tech powerhouses. With sovereign wealth funds driving global investments and Asia's deep tech ecosystem thriving, this forum unveils collaboration in AI, clean energy, and smart infrastructure. BGlobal Summit – Stage M (09:00-18:00) BGlobal Summit fosters dynamic cross-border collaboration. Meet global brands, distributors, crowdfunding platforms, and service providers driving international expansion. Gain insights into AI, fintech, and robotics, and tackle localization challenges with actionable strategies. Asia Europe Tech Forum – Stage H (AM) The Asia Europe Tech Forum brings together the brightest minds and leading innovators from two of the world's most dynamic technology hubs: Asia and Europe. This summit showcases the cutting-edge advancements emerging from both regions, where Asia's rapid digital transformation meets Europe's deep-rooted expertise in sustainable tech and regulatory frameworks. ORIGIN: Southeast Asia Forum – Stage H (PM) [Co-hosted with TNGlobal] ORIGIN Southeast Asia Tech Forum gathers industry leaders, investors, and innovators to explore the region's dynamic tech ecosystem. Through keynotes and roundtables, uncover emerging opportunities and game-changing industry trends. International Industrial Design Forum – Stage F (AM) The International Industrial Design Forum convenes visionary designers, industry leaders, and manufacturers from around the globe to celebrate and advance the art and science of industrial design. This summit highlights the critical role of design in shaping innovative, user-centric products that define modern industries — from consumer goods to cutting-edge machinery. SheTech Summit – Stage F (PM) [Co-hosted with She Rewires] Under the theme 'SHE BEYOND: Breaking Boundaries, Creating the Future,' this year's summit will delve into the groundbreaking achievements and innovations led by women across technology, business, sports, and culture. It will also explore strategies to enhance female leadership and influence in the modern era, fostering a more inclusive and equitable future. Founder Talk – Stage E (AM) Founder Talk isn't your typical business discussion — it's a unique platform celebrating bold ideas and cross-border collaboration. At the Talk, we spotlight Asia's trailblazers: unicorn founders, startup innovators, and corporate leaders redefining industries in a connected yet fragmented world. Expect raw, authentic conversations as these visionaries share triumphs, challenges, and future visions. Demo session – Stage D (09:00-18:00) Demo Session is the ultimate stage for exhibitors to unveil their latest innovations, showcasing new product releases and live demonstrations that highlight their influence and impact. Designed to captivate, this session connects trailblazing companies with global media, tech trailblazers, and financial institutions, including eager investors. It's more than a showcase — it's a launchpad for groundbreaking ideas to gain traction and secure funding. Join us for an electrifying event where products meet potential, and innovation attracts the world's attention. Funds at First Pitch (09:00-18:00) Fund at First Pitch (FAFP) is not just a pitch competition—it's a high-impact investment platform where startups connect with top global investors in record time. Make an unforgettable first impression and fast-track your funding success. Food Market (09:00-18:00) Embark on a culinary expedition through the diverse and rich tapestry of Asian flavors (Just like how you could meet and connect with everyone from Asia at BEYOND)! Delight your taste buds with an array of mouthwatering Chinese, Japanese, Korean, Thai, Vietnamese, Singaporean, Malaysian, Indian, and halal dishes. What's more: you can enjoy a 5-10% discount with the exclusive BEYOND Pass. Gala Dinner (By Invitation Only) An Unforgettable Gala Awaits! Indulge in gourmet delights, crafted cocktails, and immersive entertainment redefining elite networking. The prestigious BEYOND AWARDS ceremony will mark our milestone 5th anniversary—join us in celebrating excellence and shaping the future! Poolside Party Time to Unwind! Casual vibes, refreshing drinks, live beats, and a splash of excitement. Dive in, let loose, and make memories. Day 3 – May 23: Expanding Horizons Day 2 of Exhibition & more Summits! Join 1,200+ exhibitors, including Fortune 500 firms, multinational giants, unicorns, and industry pioneers, shaping the future of tech and innovation. Global Investment Summit – Stage M (09:00-18:00) The Global Investment Summit is where elite investors and venture capitalists converge to explore high-growth opportunities across Asia and beyond. With Asia leading the next wave of innovation, this summit delves into emerging trends in private equity, impact investing, and cross-border collaborations. Fashion Tech Forum – Stage W (AM) How is technology transforming the fashion industry? The Fashion Tech Forum brings together designers, tech innovators, and industry leaders to explore AI-driven fashion design, digital clothing, Web3 retail experiences, and sustainability-driven supply chains. This Forum will showcase how brands are leveraging innovation to meet evolving consumer demands. Wealth Summit – Stage W (PM) [Co-hosted with the Asian Family Legacy Foundation (AFLF), in partnership with Greenwich Economic Forum (GEF)] The BEYOND Wealth Summit is an exclusive, invitation-only event uniting 300+ global families, institutional allocators, and industry leaders. Co-hosted by BEYOND Expo and Asian Family Legacy Foundation, in partnership with Greenwich Economic Forum, it explores wealth management, legacy planning, impact investing, and frontier tech. Featuring in-depth discussions and high-level networking, the summit fosters collaboration among top financial minds. AI Summit – Stage H (09:00-18:00) The AI Summit will gather global thought leaders to explore the limitless potential of artificial intelligence. From generative AI to autonomous decision-making, this summit tackles the latest advancements, ethical considerations, and real-world applications across industries. Experts from leading AI labs, enterprises, and startups will share insights on how AI is transforming healthcare, finance, retail, and beyond. Whether you're an investor, entrepreneur, or policymaker, this summit is your gateway to understanding the next evolution of AI and its impact on global business. Asia-Latam Tech Forum – Stage F (09:00-18:00) [Co-hosted with IEST and RMI] The Asia-Latam Tech Forum bridges two of the fastest-growing tech ecosystems—Asia and Latin America. With startups and investors from both regions seeking cross-border opportunities, this forum highlights trends in fintech, e-commerce, AI, and sustainability. Industry leaders will explore how Asia's manufacturing expertise and Latam's digital transformation are fueling new collaborations. Founder Talk – Stage E (09:00-18:00) Founder Talk isn't your typical business discussion — it's a unique platform celebrating bold ideas and cross-border collaboration. At the Talk, we spotlight Asia's trailblazers: unicorn founders, startup innovators, and corporate leaders redefining industries in a connected yet fragmented world. Expect raw, authentic conversations as these visionaries share triumphs, challenges, and future visions. Connect directly with tech and business pioneers through unmatched networking opportunities that transcend borders. Here, stories become strategies, and visionaries find their global voice. Demo session – Stage D (09:00-18:00) Demo Session is the ultimate stage for exhibitors to unveil their latest innovations, showcasing new product releases and live demonstrations that highlight their influence and impact. Designed to captivate, this session connects trailblazing companies with global media, tech trailblazers, and financial institutions, including eager investors. It's more than a showcase — it's a launchpad for groundbreaking ideas to gain traction and secure funding. Join us for an electrifying event where products meet potential, and innovation attracts the world's attention. Business Matchmaking (09:00-18:00) BEYOND Expo 2025 offers a dedicated space for high-level business matchmaking. Exhibitors, global investors, government representatives, buyers, service providers, GPs, LPs, and family offices will have the opportunity for efficient, one-on-one business discussions. Pre-arranged meetings ensure a focused, professional environment to forge strategic partnerships and explore new opportunities. Funds at First Pitch (09:00-18:00) Fund at First Pitch (FAFP) is not just a pitch competition—it's a high-impact investment platform where startups connect with top global investors in record time. Make an unforgettable first impression and fast-track your funding success. Food Market (09:00-18:00) Embark on a culinary expedition through the diverse and rich tapestry of Asian flavors (Just like how you could meet and connect with everyone from Asia at BEYOND)! Delight your taste buds with an array of mouthwatering Chinese, Japanese, Korean, Thai, Vietnamese, Singaporean, Malaysian, Indian, and halal dishes. What's more: you can enjoy a 5-10% discount with the exclusive BEYOND Pass. BEYOND Party This exclusive event blends networking with entertainment, bringing together VIPs, LPs, GPs, and founders in a relaxed and festive atmosphere. Raise a glass, connect with key industry leaders, and celebrate collaboration. By invitation or pre-registration only. Day 4 – May 24: Open to Public Last Day of BEYOND Expo and it's now open to the public! Join 1,200+ exhibitors, including Fortune 500 firms, multinational giants, unicorns, and industry pioneers, shaping the future of tech and innovation. Closing Ceremony – Stage T (PM) A grand finale to this year's premier tech event! Experience the high-stakes FAFP (Fund at First Pitch) Finals, thought-provoking fireside chats, and insights from distinguished cross-industry leaders. This is where technology meets every aspect of business and society, reinforcing BEYOND Expo's vision of fostering global collaboration. Gen Z Forum – Stage M (AM) [Co-hosted with wteam] The Gen Z Forum is dedicated to inspiring and empowering the next generation of tech talent, entrepreneurs, and rising stars. This forum will explore how young innovators are shaping the future of technology and digital entrepreneurship. Designed to foster next-gen innovation, this forum encourages young talent to connect, collaborate, and create-unlocking new opportunities and driving the future of global tech. Wealth Summit – Stage W (PM) [Co-hosted with the Asian Family Legacy Foundation (AFLF), in partnership with Greenwich Economic Forum (GEF)] The BEYOND Wealth Summit is an exclusive, invitation-only event uniting 300+ global families, institutional allocators, and industry leaders. Co-hosted by BEYOND Expo and Asian Family Legacy Foundation, in partnership with Greenwich Economic Forum, it explores wealth management, legacy planning, impact investing, and frontier tech. Featuring in-depth discussions and high-level networking, the summit fosters collaboration among top financial minds. Web3 + AI Forum – Stage H (AM) The Web3 + AI Forum will explore the powerful convergence of blockchain and artificial intelligence. As AI transforms decentralized applications, Web3 infrastructure is evolving to enable greater automation, security, and transparency. This forum is essential for blockchain developers, AI pioneers, and investors seeking to understand how these two technologies are reshaping industries, from finance and healthcare to gaming and the creator economy. Sport Tech Forum – Stage F (AM) Discover how cutting-edge technology is revolutionizing athletic performance, fan engagement, and sports training. Experts from leading sports brands, professional leagues, and startups will explore the transformative power of sports innovation. Business Matchmaking BEYOND Expo 2025 offers a dedicated space for high-level business matchmaking. Exhibitors, global investors, government representatives, buyers, service providers, GPs, LPs, and family offices will have the opportunity for efficient, one-on-one business discussions. Pre-arranged meetings ensure a focused, professional environment to forge strategic partnerships and explore new opportunities. Food Market (09:00-18:00) Embark on a culinary expedition through the diverse and rich tapestry of Asian flavors (Just like how you could meet and connect with everyone from Asia at BEYOND)! Delight your taste buds with an array of mouthwatering Chinese, Japanese, Korean, Thai, Vietnamese, Singaporean, Malaysian, Indian, and halal dishes. What's more: you can enjoy a 5-10% discount with the exclusive BEYOND Pass. BEYOND Party Join us for one last unforgettable night as we toast to a successful BEYOND Expo 2025 and set the stage for future collaborations. Invitation or pre-registration required. Let's close this chapter in style and step into the future together! Don't miss the chance to engage with top-tier speakers, cutting-edge exhibitors, and groundbreaking discussions that shape the future of technology and business. Scan the QR code to join us! Register Now Become an Exhibitor
Zawya
06-05-2025
- Business
- Zawya
Kuwait-China to push forward ‘Port' project
KUWAIT CITY - Kuwait and China are willing to push forward the implementation of the strategic project of Mubarak Al-Kabeer Port on Boubyan Island in north Kuwait, only out of belief in its paramount significance as a regional trade hub and its vital role in comprehensive development. This shared desire was obviously shown following the signing of the project contract in March, with both Kuwaiti and Chinese sides having voiced unwavering determination to further develop bilateral cooperation and speed up the implementation. The recently wrapped up fifth round of Kuwaiti-Sino political consultations culminated in expanding channels of dialogue to broaden the existing consensus to new horizons in the coming period. During the consultations, both sides weighed the implementation of agreements and memos of understanding signed by the Kuwaiti and Chinese governments, particularly the execution of mega development projects, mainly Mubarak Al-Kabeer Port. In this context, Chinese Ambassador in Kuwait Zhang Jianwei said his country is working with the Kuwaiti side to push forward the implementation of the port project, which he commended as a huge and strategic project for Kuwait and a very significant venture for Kuwaiti-Sino cooperation. The Chinese diplomat made the press statement on the sidelines of the recent celebration of the World Chinese Language Day. Zhang spoke highly of the latest inspection tour by Chinese Vice Minister of Transport Fu Xueyin of the port project site as a very important step towards the completion of the joint venture. He pointed out the agreement reached during a meeting held between Kuwaiti Minister of Public Works Dr. Noura Al- Mashaan and the Chinese delegation on advancing the Mubarak Al-Kabeer Port. On several occasions, the Kuwaiti government underlined that it gives top priority to the port project just as part of the Gulf country's comprehensive and integrated development vision chiefly purposed to diversify income sources, boost its gross domestic product and regain its pivotal trade, financial and regional role. This commitment was unequivocally reflected by a package of intensive moves and consultations that resulted in the signing of a contract with China State Construction and Transport Limited for study, design, and pre-implementation services to complete Mubarak Al-Kabeer Port, in February 2025. Following the signing of the deal with the Chinese government company, Kuwaiti Minister of Public Works Dr. Noura Al- Mashaan said the completion of the joint venture is deemed top priority for the country's political leadership. She stressed that the project comes under the direction of His Highness the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah and is primarily supported by His Highness the Crown Prince Sheikh Sabah Khaled Al-Hamad Al-Sabah and His Highness the Prime Minister Sheikh Ahmad Abdullah Al- Ahmad Al-Sabah. arabtimes
