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9/19/24, 5:13 PM Ajman, China's Sinomach Group sign $1.37bn investment deal - Arabian Business: Latest News on the Middle East, Real Estate, Fi…
Ajman, China’s Sinomach Group sign
$1.37bn investment deal
The agreement aims to foster cooperation on investment projects
in infrastructure and manufacturing industries
The MoU was signed by Sheikh Abdul Aziz bin Humaid Al Nuaimi (R), Chairman of the Ajman Tourism
Development Department, and Yan Weihua (L), General Manager of CNEEC
The Government of Ajman has signed a Memorandum of Understanding (MoU) with China
National Electric Engineering Co. (CNEEC), a subsidiary of Sinomach Group, for investments
of up to AED 5 billion in infrastructure projects.
The MoU was signed by Sheikh Abdul Aziz bin Humaid Al Nuaimi, Chairman of the Ajman
Tourism Development Department, and Yan Weihua, General Manager of CNEEC.
Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Ajman
Executive Council, and Zhang Xiaolun, Chairman of Sinomach, witnessed the signing.
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