ABOUT 20 Chinese investors with cumulative turnover of nearly US$40 billion have shown keen interest to invest in the proposed US$13 billion mine-to-energy indu.
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CGGC completes Kuwait residential city infrastructure work
DUBAI, March 8, 2021 China Gezhouba Group Corporation (CGGC) said it has completed the main infrastructure work for the Al Mutlaa Residential City Project and handed it over to the Kuwaiti authorities. CGGC is a subsidiary of China Energy Engineering Group Company, a state-owned energy conglomerate with headquarters in Beijing. Once completed, the Al Mutlaa Residential City, a vital project under the China-proposed Belt and Road Initiative, will accommodate 400,000 people. CGGC s scope of work includes completion of 30 sq km infrastructure network out of the 120-sq-km residential city development. The Chinese group had started the construction work in April 2017.