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Tag Archives: infrastructure

Zimbabwe’s FDI inflows up 36% to $545m in 2014 on mining, infrastructure

HARARE: Zimbabwe’s foreign direct investment leapt to $545 million in 2014 – less than 5 percent of the country’s GDP— from $400 million in the previous year. The spike was driven by interest in mining, infrastructure and services but the country still lags regional rivals, the latest United Nations world investment report has shown. Zimbabwe Investment Authority (ZIA) chief executive ... Read More »

Iran eyes to invest in indonesia infrastructure

JAKARTA: The government’s plan to carry out massive infrastructure projects across the country has attracted foreign investors, including the Iranian government, to invest in infrastructure, a senior official says. Public Works and Public Housing Minister Basuki Hadimuljono had a meeting with Iranian Ambassador to Indonesia Valiollah Mohammadi Nasrabadi, as the western Asian country expressed its willingness to take part in ... Read More »

China’s Petroleum company signs $330m deal with UAE to build infrastructure

SHANGHAI: A subsidiary of China’s largest energy company China National Petroleum Corporation signed a $330 million deal on Sunday to build infrastructure for an onshore petroleum company in the United Arab Emirates. The project between China Petroleum Engineering and Construction Corporation (CPECC) and Abu Dhabi Company for Onshore Oil Operations (ADCO) will lift ADCO’s daily crude production from 1.4 million ... Read More »

Eiser sets up €300m CEE infrastructure fund

WARSAW: The Eiser Infrastructure which is one of the biggest global infrastructural investment funds, has just opened an office in Poland, setting up a EUR 300 million CEE Infrastructure Fund. Eiser is also hoping for a capital fund from the European Investment Bank, but the sum in question has not been revealed. The Polish government needs capital from investment funds ... Read More »

Japan govt likely to join Asian Infrastructure Investment Bank by June

TOKYO: Japanese government decided whether to join a planned Chinese-led investment bank by late June if governance standards and other conditions are met, a senior vice finance minister said. If such conditions as fair governance are assured by the proposed Asian Infrastructure Investment Bank (AIIB), “we’ll make a decision” on Japan’s participation, Isshu Sugawara said at a press conference. His ... Read More »

China to enhance investment in Kenya to boost infrastructure

CHINA: China’s foreign minister Wang Yi emphasized on strengthening commercial ties with Kenya while he was on a visit to Kenya’s capital Nairobi as part of a tour of African nations. A statement released by the office of Kenyan president, Uhuru Kenyatta, Wang said his mission was “to strengthen the existing bilateral co-operations between Kenya and China and chart new ... Read More »

ADB calls for private sector investment for economic growth

LAHORE: Asian Development Bank (ADB) Country Head Lerner Liepach has said that private sector investment is vital for economic growth and development challenges. He said this during a meeting with current and former office-bearers of Lahore Chamber of Commerce and Industry (LCCI). ADB Chief Economist Sharad Bhandari, Director Najma Minhas, LCCI President Ijaz Mumtaz, former presidents Mian Muzaffar Ali, Zafar ... Read More »

Nawaz welcomes 350 delegates on int’l trade moot

ISLAMABAD: With participation of 350 delegates, an international moot titled “Invest Pakistan: priority sectors and legal framework for investment in the country” will start here today. The event will highlight Pakistan’s investment regime and opportunities for investors in different economic fields. Prime Minister Nawaz Sharif will inaugurate the two-day conference. The Board of Investment is organising the moot to show Pakistan’s ... Read More »

Chinese company to help Punjab set up coal power plants

LAHORE: A team of China Machinery Engineering Corporation (CMEC) called on Punjab Chief Minister Shahbaz Sharif and discussed the matters regarding establishment of coal power plants from the local coal of Salt Range. Headed by its Vice President Li Jingkai, the Chinese firm expressed keen interest in the project and it was agreed to set up coal power plants to ... Read More »

82 million people earn less than $1 a day in China

BEIJING: The world’s second-largest economy, China, have more than 82 million poor people who earn less than $1 a day as its official poverty standard is an annual income of 2,300 yuan ($375). A senior government official, Zheng Wenkai, told media that China’s poor would rise to more than 200 million if the international standards were applied as World Bank’s ... Read More »

China to invest more on transport by 2020

BEIJING: China is planning to ease transport bottlenecks that are affecting economic development by 2020. The government spokesman has asserted that China is planning to resolve issues like too much road tolls and poor connectivity problems. China has invested billions of dollars on roads construction, railways and ports and its economic growth shows that it will invest more money on ... Read More »