Strategic Partnership Tied

| Updated: 2008-06-05 | Views: 4520

Signing ceremony between Anhui Construction Engineering Group and CGC Overseas Construction Co, Ltd for the strategic cooperation partnership agreement was held on 16, March, 2008, pending Anhui Provincial Forum of “Going-Out”. Projects involved in the agreement locate in three countries – Nigeria, Kazakhstan and Chad. Total projects are worth USD$220M.

Officials who have witnessed the event are as follows:

Mr. Diao Chunhe, President of China International Contractors Association;

Mr. Zheng Chao, Vice Chief of Ministry of Commerce of China, Department of Foreign Economic Cooperation;

Mr. Han Jun, Associate Secretary General of Anhui Provincial Government;

Mr. Zhu Ning, Deputy Chief of the Bureau of Commerce of Anhui Province.

ACEG and CGCOC initiated their cooperation in August, 2007 on the road project in Ethiopia, hence, superiority complementarities and reliable cooperation between the two parties have been realized on principles of “mutual benefit, bilateral reliability” and an accumulative total of contracts signed are worth USD$560M so far.

This event reflects the active adoption by the two parties in the implement of the state’s policy of “Going out”; makes new progresses in expanding international markets; promotes the shift from utilizing projects as the tie of cooperation to utilizing capitals in stead and the shift from cooperation on a certain project to integrate cooperation, helps to build the unique platform for Chinese companies in their joint cooperation in the development of overseas markets.