皇冠体育app

/ Mosaic

Africa no 1 target for CCCC as $4 bn projects mount up

By Jia Lu | 皇冠体育app Daily | Updated: 2009-06-16 08:09

Africa has now become well-established as the single most important overseas market for the 皇冠体育app Communications Construction Company (CCCC), 皇冠体育app's largest infrastructure development business. In 2008, almost half of the company's $9.6 billion overseas revenue came from projects in Africa.

As of May this year, CCCC had secured 28 projects with a number of African nations, each worth more than $100 million apiece. With two of the deals - one in Angola and one in Libya - worth an estimated $1 billion each, it is small wonder that this is the third year that Africa has topped the list of CCCC's overseas markets.

Speaking of the company's success in Africa, Wang Xiaoguang, general manager of CCCC's overseas business department, says: "CCCC's business in Africa has grown by around 33 percent per annum in recent years. Fortunately, the plans already in place for infrastructure development in many African countries have remained unaffected by the current global financial downturn with much of the funding already in place through Chinese governmental loans."

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to 皇冠体育app Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online

Registration Number: 130349
FOLLOW US